Trucking Fleets: Making The Most Of Your Equipment

April 27, 2017 by CNH Finance, LP in category “Financing”

Trucking fleets are constantly trying to balance the cost of overhead, maintenance, logistics, and marketing. This can make it very difficult to get ahead and accumulate working capital for growth. Fortunately, there is a way trucking fleets can leverage fixed assets for the capital they need, without taking on debt in the process.

Trucking Fleets Have A Lot Of Financial Potential

Every fixed asset has an inherent value. Parking lots, forklifts, scales, maintenance machinery, and even the trucks themselves are worth quite a bit. Asset based lending creates a line of credit around the value of those items. This gives trucking fleets an extra source of working capital without relying on loans.

How Asset Based Lending Works For Trucking Fleets

At the outset, all fixed assets are evaluated, taking into account aspects of the business that are usually glossed over by traditional lenders, to ensure fleet owners get the most financing available. From that amount, a revolving line of credit is created. Asset based lending functions the same way as other business lines of credit. Capital is used as it is needed, and then repaid. Asset based lending provides increased purchasing power, and a source of capital to cover unexpected expenses, as well.

Financing That Grows With Your Fleet

Asset based lending for trucking fleets is designed to grow with the business. As new equipment is purchased, facilities expand, and receivables increase, the line of credit grows along with them. The amount available on the line of credit grows with your fleet operations, to provide long-term, debt-free financing.

Attention: This Is Not A Loan

Asset based lending for trucking fleets was created out of the desire to break free of the traditional financing model. Large amounts of debt prevent businesses from growing. Revenue disappears when payments from customers are going directly to reduce the amount owed to banks. With a revolving line of credit based around the value of assets your fleet already owns, credit scores are preserves, and there is no need to take out loans just to get access to working capital.

Free Up The Capital Inside Your Fixed Assets

At CNH Finance, we provide the most comprehensive asset based lending for trucking fleets. Whether you have five trucks or 500, we can create a revolving line of credit that promotes growth and long-term success. Contact our team today to learn more about how asset based lending can help your fleet.

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