The transportation industry is – fittingly enough – in constant motion. In order to keep up in such a field, businesses need to be flexible and adaptive. That means keeping your financing options open, especially when traditional options for borrowing can be restrictive and time-consuming.
With Platform Funding, you can obtain the working capital you need to stay relevant in an industry that is always on the move. We work together with you and your team to find repayment options that fit your revenue stream, your growth schedule, and your particular place in the transportation industry.
Transportation Business FAQs
Answer: We offer a diverse range of financing solutions to cater to the varied needs of transportation companies. Our offerings include leasing, loans, lines of credit, invoice factoring, and revenue-based financing. Each of these options is designed to provide financial flexibility and to support the growth and operational efficiency of your business.
Answer: Leasing is a fantastic way to acquire the vehicles, equipment, or technology you need without a hefty upfront investment. It preserves your capital and provides the opportunity to upgrade to newer or more efficient models as technology advances. Plus, leasing payments may also be tax-deductible, which can further enhance your financial standing.
Answer: Securing a loan through us can provide the lump sum capital necessary for significant purchases, expansions, or other business initiatives. Our loan terms are competitive, and we work closely with you to structure a repayment schedule that aligns with your business’s cash flow.
Answer: A line of credit offers a flexible financing solution that allows you to draw funds as needed, up to a specified limit. This can be instrumental in managing cash flow, especially during off-peak seasons or unforeseen circumstances. Interest is only charged on the amount utilized, providing a cost-effective way to have access to funds whenever needed.
Answer: Invoice factoring is a financing solution where we purchase your outstanding invoices, providing you with immediate capital.
This can significantly improve your cash flow, enabling you to meet operational expenses, take on new projects, or negotiate better terms with suppliers. It’s a quick and straightforward way to turn receivables into cash without waiting for clients to pay.
Answer: Revenue-based financing is a unique funding solution where you receive upfront capital in exchange for a percentage of future revenues. It aligns our success with yours, as repayments are based on your revenue performance.
This model can provide the capital needed for growth while maintaining a repayment structure that adjusts to your business’s revenue flow.
Answer: Applying for financing with us is a straightforward process. Visit our website and fill out the online application form or contact our dedicated financing team to discuss the most suitable financing options for your business. We are committed to providing a smooth and efficient application process to get the funds in your hands as quickly as possible.
Answer: Platform Funding has just 3 minimum requirements to offer a transportation loan or leasing, including: being in the transportation business for a minimum of 6 months, providing us with 3 recent bank statements and having a monthly revenue of at least $12,500.
Answer: We prioritize the confidentiality and security of your information. Our systems and processes adhere to the highest industry standards to ensure that your data is protected throughout the financing process.
Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.