As a FedEx independent contractor, you know that your business has to grow in order to be successful. This might mean that at some point you will need to finance a FedEx home delivery truck.
There are many typical expenses for a FedEx contractor to operate your business each day, such as fuel, truck maintenance and payroll. However, you may also experience unforeseen but beneficial opportunities to grow your business, which may involve having to finance a FedEx home delivery truck. Thankfully, you do have options.
Can You Go to a Bank to Finance a FedEx Home Delivery Truck?
Traditional banks are not the place to go for a fast business loan. They just don’t have what it takes to help the majority of small business owners.
For one thing, they require tons of collateral. The most you can hope to walk away with is a home equity line of credit, where you put your house on the line as a guarantee. Therefore, if you have any difficulty repaying the loan, you will have no place to live.
This assumes you could even qualify in the first place. To get a business bank loan, you must have a stellar credit history.
Also, don’t forget about the mountain of paperwork they call an application. It could take you days to complete it, meaning you might miss out on any profitable opportunity that comes your way.
Is it Possible to Finance a FedEx Home Delivery Truck?
You can find used FedEx trucks for sale in a variety of sizes and styles to fit your needs, such as gas or diesel delivery vehicles, step vans and more. Nevertheless, the best way to finance a FedEx home delivery truck is through a cash advance company, like Financing Solutions (www.financingsolutionsnow.com).
Many FedEx contractor/owners are using a cash advance from Financing Solutions so they can go to auctions and purchase used trucks. It is important to note that to be eligible for a cash advance from Financing Solutions you must already be a FedEx contractor/owner.
At Financing Solutions, they understand the unique needs and challenges of independent FedEx contractors and will work with you to give you the cash now that you need. In addition to purchasing trucks, you can use the money for other ways to grow your business. This might include buying FedEx routes for sale, truck repairs or hiring and training additional drivers.
How to Take Advantage of Other FedEx Delivery Opportunities
Federal Express offers an attractive, profitable business model allowing entrepreneurs to own their company under the successful FedEx umbrella. They have several types to choose from in addition to home delivery. You might want to expand your FedEx home delivery business to include other contracting opportunities.
For example, there are FedEx contractors who deliver to commercial businesses. There are also linehaul contractors, who manage longer routes between FedEx ground hubs. You should be aware that for both these options, the hours and equipment needs can be significantly different.
The best way to take advantage of other FedEx opportunities is to contact Financing Solutions. They will give you the funding you need to manage your business and increase your success.
Financing Solutions LLC is not endorsed by and is not recommended by Federal Express Corporation and Fedex Ground. Financing Solutions LLC is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or Fedex Ground.
