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You’re good at your job as a truck driver. Yet, you’re so busy working IN your business, it is hard to find time to work ON your business. So, what can you do today to boost your profits?
You wait to get paid on an invoice and at the same time, buy fuel for your next load. What can you do in a tight pinch? Here are a few possibilities:
Consider invoice factoring for short-term cash flow needs. Get 80-95% of your invoice paid in 24 hours or less.
Take advantage of fuel advances to get paid for up to half of your invoice before you deliver your next load. Use the funds to buy more fuel or pay for roadside expenses.
Look into a long-term loan if you have good credit. Remember, you’ll need to pledge assets or personal collateral and there may be restrictions on how you use the money.
Empty miles can literally drive an owner-operator out of business quickly. These are a few tips to help you minimize deadheading.
Connect with load boards, brokers, and dispatchers who can keep you moving with paying freight.
When you take a job, be sure to line up your next load or find a backhaul.
Make sure you select loads that cover your costs on the return trip. You don’t want destinations where loads are hard to come by.
eCapital understands the cash flow demands you face and gets you the immediate funds you need. No matter if you have 1 truck or 100, we can get you the quick cash you need to:
It’s simple, fast, and free to get started. Why not get a no-obligation quote?
All California loans made or arranged pursuant to a California Finance Lenders Law License, CA Finance Lenders License – 60DBO46224 Copyright © 2020 eCapital. All Rights Reserved. eCapital is registered Trademark. Registration Number: 5,098,285