Financing: a strategic resource for your business

Contributor: Adam Marsden, Director of Marketing, Innovative Lease Services

Everyone who is running a business or thinking about starting one has one thing in common: a need for money to invest in their business in order to be successful. There are several ways to acquire capital, from using one’s own savings to finding investors who want equity in return for their infusion of cash. However, there is one option for growing a business that makes many small business owners cringe but is often the best option available: getting a loan.

While many are psychologically averse to taking on debt as a means of growth, financing allows for you as a business owner to purchase the truck, tractor, or trailer you need without giving up equity in your business that could potentially be worth exponentially more in the future. Nearly every successful company in the world, from Apple to Costco, holds some debt from time to time, so it is not something to be feared. We at Innovative Lease Services, TruckTractorTrailer.com’s trusted finance partner, are here to explain the benefits of financing for your company and why you should consider doing so for your next equipment purchase.

TTTExchange levels the playing field for women in trucking

The August 12, 1994, issue of The New York Times, appropriately titled “Internet is Open,” chronicled the sale between two friends of a music CD. Since that small and unwittingly paradigm shifting transaction, the e-commerce age has been gaining exponential inertia. As if it wasn't growing at a breakneck speed already, the Covid-19 global pandemic threw diesel on the e-commerce bonfire, accelerating the adoption of technology, tools, and all things e-commerce. It fueled a consumer adoption rate that took mere months instead of years.

A new way to connect buyers and sellers

Meanwhile, behind the scenes with Nostradamus-like foresight, a visionary group of entrepreneurs toiled away, developing a new best-in-class e-commerce marketplace for used trucks. They set aside dated ways and built a new platform from the ground up. The public release couldn't have been timed any better. They dubbed it TTTExchange.

Leveling The Playing Field: Assuring Value, Trusted Inspections

Information and trust through certified inspections provide a competitive edge for the online used truck, tractor, and trailer market

Contributor: Ethan Nadolson, CEO, SOARR

Humble beginnings and working hard with my dad

My father, who is known as “Bear” and looks the part with a large build, full beard, powerful hands, and an unmistakable voice that you can easily follow as it booms through any crowd, came to me one summer and was asking why I didn’t have a job. He knew that I had been a hard worker since I was small, mowing lawns, and shoveling snow for the neighbors from the time I could push a mower. I had wanted to work but no one would hire me, and besides, it was the summertime just after school got out and none of my friends had a job either.

What’s stopping you from purchasing used? Here’s what to look for when buying a used truck.

Contributor: Kevin Lindsey, Manager of Technical Service, TravelCenters of America

Many buyers might shy away from a five-year-old tractor with over 700,000 miles, but for the business savvy, there’s good reason to give that vehicle a second look. Sure, there are some questions to ask before transferring the title and hopping into the driver’s seat. But asking the right questions – and getting the right answers – can lead to a very satisfied used truck owner and good business decision.

3 Things to look for: Simple checks to do before buying a used truck

Contributors: National Truck Protection® and Premium 2000+

When purchasing a used truck, whether from a dealer or a friend, you should always take the time to check a couple of simple components or systems that can tell you a lot about the truck and save you from costly repairs down the road.

Here are three checks to do before buying that used commercial truck:

This Day in History

Innovation paves to way to new safety features

Contributor: Brian Pachtman, RWR Insurance

Ray Harroun: A pioneer in vehicle safety

January 12, 1879. What significance does this day hold for anyone? The fact is that it was an ordinary day for most, but not here in our great state of Pennsylvania and certainly not for Russell LaFayette Harroun and Lucy A. Halliday. No, this was the day that Lucy would give birth to a baby boy that would one day make history and help to shape all of our lives.