Expand your limits

BUILD YOUR BUSINESS LOAN

$10,000 – $500,000 check eligibility

TRANSPORTATION COMPANIES, TRUCKING AND TRUCK DRIVERS USE BUSINESS LOANS FOR THE FOLLOWING REASONS

  • Purchase new trucks

  • Repairs

  • Cash flow stress

  • Hiring

  • Accounts receivables slow

COMMERCIAL TRUCKING LOANS AVAILABLE

Growing your commercial transportation business, requires access to working capital, so when there is an opportunity

for you to grow and expand your commercial transportation business, you can rely on a financing partner that

can provide flexible business loans.

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SIMPLE INTEREST TERM LOANS

Learn about this loan

  • Term Length:3-36 Months
  • Simple Rates:5% – 35%
  • Payment Frequency:Business day-Weekly
  • Decision time:1-5 hours
  • Years in business:1 Year
  • FICO:550
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LINE OF CREDIT

Learn about this loan

  • Terms Length:6-12 Months
  • Rates:5-20%
  • Payment frequency:weekly
  • Decision Time:1-5 Hours
  • Years in business:2 years
  • FICO:680

HOW IT WORKS

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    1. Apply Online

    Apply Online in just a few Minutes or

    Call us directly 212-213- 5680.

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    2. View Results

    Our system evaluates your business and provides a Pre-approval amounts, terms and repayment options.

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    3. Getting Funded

    Upload your documentation.

TRANSPORTATION COMPANIES WE WORK WITH

Efundex offers financing to trucking companies from small to large fleets.

Item Small Fleets Mid-sizefleets Large fleets
Monthly revenue 10,000 -$20,000 $20,000-$350,000 $350,000-$2, 00,000
Number of trucks 1 - 2 3 - 15 16 - 250
Total loan Payback $54,500 $59,500 $66,000
Loan amounts $10,000-$25,000 $25,000-$200,000 $200,000-$500,000
Terms available 3-12 months 3-18 Months 3-18 months
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Auto transport

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Intermodal

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Heavy haul

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Trucking Companies

SUCCESS STORIES

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See what loans you qualify for

WHY CHOOSE EFUNDEX FOR YOUR COMMERCIAL TRUCKING BUSINESS LOAN?

Efundex Provides flexible business loans for trucking companies.  We understand the transportation trucking industry and if you operate 1 truck or 250 trucks the commercial trucking owner faces the same challenges from cash flow issues, to growing your business while trying to increase profits.

Running a trucking company has many Challenges such as trucks breaking down and requiring immediate repair, maintenance issues or the trucking company is looking to expand and purchase additional trucks. These scenarios require immediate access to working capital.

CUSTOM FINANCING SOLUTION TO GROW YOUR TRANSPORTATION COMPANY

At eFundex we have multiple funding options for your transportation company. From short term to long term funding options. We can create a custom business loan for your business. Transportation Company’s fall into 2 categories when looking for working capital.

Some companies are not looking for a long term loan, they have short term cash flow stress, and accounts receivable are paying late or there was an unexpected expense; as opposed to companies that are looking to purchase new trucks or upgrade their facility and invest in their business for the long term.

Our process is very straightforward, we will be analyzing your cash flow not collateral or profitability like banks or credit unions. Our process is streamlined and only requires a one page application and your last 4 months of business bank statements to get you a decision to within hours not days or weeks.

Once approved eFundex will provide you with options from short term to long term depending on you working capital needs.

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Option 1. Simple Interest Transportation Term Loans

Our simple interest transportation term loan is a great for transportation companies that are looking for flexible funding options from short to long term financing. These loans are for companies that require immediate working capital for cash flow but also gives them the flexibility of long term growth opportunities, where the return on investment from the capital provided will take longer to be returned.
Simple interest trucking business loans are great for owners that are looking to:

  • Purchasing new or pre owned trucks

  • Purchase equipment

  • Upgrading facility

  • Repairs and maintenance

  • Hiring new employees

  • Accounts receivable slow paying

  • Terms

    3-18 months

  • Loan amount

    $10,000-$500,000

  • Rates

    6-38% simple rates

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Option 2. Transportation Trucking Lines of Credit

Lines of credit for Transportation companies are great for short term working capital needs or an unexpected expense. You could be in a situation where cash flow may be slow due to accounts receivable coming in later than expected. In this case, lines of credit can help with working capital. Overall, they are designed to be a safety net for a unexpected expenses, and help gaps between accounts receivable from different projects.
Trucking business line of credit are used for:

  • Accounts receivable slow

  • Repairs and maintenance

  • Payroll
  • Cash flow stress

  • Unexpected expense

  • Terms

    3-6 months

  • Loan amount

    $10,000-$150,000

  • Rates

    6 – 25%

At eFundex we understand the construction business, inside and out we know that each construction company operates on a different coast of goods sold the coast of goods sold can be as low as 25% for services contractors to as high as 80% to general contractors.

1º Apply Online step1 efundex loan 1 STEP APPLY ONLINE Apply Online in just a few Minutes or Call us directly 212-213- 5680 2º Get Approved 2 STEP VIEW RESULTS Our system evaluates your business and provides a Pre-approval amounts, terms and repayment options. 3º Get Fund 3 STEP GETTING FUNDED Upload your documentation - Business bank statements
- Tax Return
- Voided Check