As a FedEx owner operator, you probably know your routes by heart and can find even the most remote address. It is much more difficult for a FedEx owner operator to find a loan.
There are many reasons why a busin
ess owner must be able to access quick business funding. It is no different for a FedEx owner operator so they too, will need to find a fast business loan.
Is it Possible for a FedEx Owner Operator to Find a Loan?
Many small business owners immediately think of banks when in need of an instant business loan. However, traditional banks will be unable or unwilling to help you.
For one thing, banks require you to have enough collateral to cover the cost of the loan. Perhaps the most you will get is a home equity line of credit, but you have to put your house in jeopardy in order to get it.
Also, you must have a great credit score in order to be approved. These are things most small business owners just don’t have.
You might be able to find a traditional factor to help but this is typically not the best option. It could take a long time to get the agreement in place and they lock you into long term repayment schedules that can take years to pay off.
Are There Alternatives for a FedEx Owner Operator Who Needs a Loan?
Instead of banks, you will do better with a business cash advance company, like Financing Solutions (www.fundmypayroll.com). They can give you business funding to maintain and grow your company.
Financing Solutions has helped numerous FedEx owner operators get cash now. The money can be used to purchase routes you want to buy, maintain vehicles or for any other typical expenses for a FedEx contractor.
The process is so fast and easy, you can apply in as little as 15 minutes. You will receive a quick decision, usually the same day, and can have the money in your account in less than 48 hours.
In addition, there is no long term commitment. They offer a flexible repayment program, allowing you to repay the money in a few short weeks or months, when your cash flow situation improves.
How to be an Even Better FedEx Owner Operator
Being a FedEx contractor is not easy. So many factors can have an unexpected effect on your profitability, such as holidays, weather and road construction. If you have employees, the job gets even harder.
One important step to take is to find a way to offer your workers vacation and/or sick leave, if you do not do this already. This can lead to less turnover and fewer emergencies due to absences. Improved schedule management and route operations can help you accomplish this vital benefit.
You can also make sure that your vehicles are well-maintained. Don’t put off crucial maintenance checkups and needed repairs. They say an ounce of prevention is worth a pound of cure and this will help your vehicles run better and save on fuel.
Of course, the best way to improve your business is to contact Financing Solutions. They can give you the fast business funding you need to eliminate money woes and keep providing excellent service for your customers.
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.
