How to manage a semi-truck business loan
Learn ways to manage your semi-truck loan and what to do if you can’t make payments.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Sarah George is a freelance writer who loves helping small business owners understand the complexities of getting a business loan. She believes that effective financial and debt management opens doors for small businesses to thrive in a changing economy.
Over the last four years, Sarah has written hundreds of articles about banking, insurance and general finance. While writing in these spaces, she made it her goal to point out privacy concerns and protections for banking products aimed at children. She also loved highlighting the nuances of insurance coverage so that the average consumer could understand what circumstances qualified for an insurance claim.
Sarah has been featured in various publications, including CBS, CNET, Nasdaq and Finder. She holds an English Education degree from Pensacola Christian College and is a Certified Educator in Personal Finance. In her downtime, Sarah enjoys hiking, disc golf and playing board games with friends and family.
A business loan is an essential tool for growth or covering cash flow gaps. There’s no one-size-fits-all option, and some types of loans can be used for the same purpose as another. Business term loans can be used to expand, buy equipment or nearly any other defined purpose. Business lines of credit are great for recurring needs like everyday expenses, and they tend to have loose requirements to qualify. But bad credit borrowers have options too, as long as they find the right lender and show they can repay the loan.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Learn ways to manage your semi-truck loan and what to do if you can’t make payments.
Credibly and SMB Compass both offer a range of business loan options. Credibly may be more accessible, but SMB Compass is a better fit if you have great credit.
Funding Circle and OnDeck offer similar types of business loans, but depending on your needs, one may be better suited for you than the other. Here’s how they compare.
Wells Fargo specializes in multiple business lines of credit and SBA loans, but Capital One may also be worth a look. The choice between the two depends on the specific needs of the business.
Capital One and Bank of America offer a range of business loan, including SBA loans and business lines of credit. Read on to see which is the right small business lender for you.
Explore the pros and cons of financing your semi truck, including tax benefits and costs to expect.
OnDeck and Credibly are online lenders offering short-term business loans up to 24 months. We’ll show you how they stand apart.
You can get a business loan with bad credit. Learn how to boost your approval odds.