Let’s Talk Financing

By Andrew Johnston, Co-Founder, TrueCore Capital

Financing.

For many of us, that word alone is enough to generate unwelcome anxiety in the pits of our stomachs. It’s a topic that small business owners across the nation avoid and, for that reason, is so easy to put on the backburner – especially as a busy owner operator or small fleet owner. And when you actually need financing, all your worries come to fruition because you haven’t taken the necessary steps to ensure a smooth (and significantly cheaper) financing journey for yourself and your business.

Financing.

It’s a word that is shrouded in mystery and brings up far more questions than answers for even some of the savviest: How do I qualify for financing? Who can tell me if I qualify for financing? How does personal credit affect my business interest rates? Am I stuck if I don’t qualify for my Bank / Credit Union’s finance program? What if I have no credit? Poor credit?

PRESS RELEASE: TruckTractorTrailer.com and sureEcoSystem (FTI Groups) Announce Business Partnership

New York, New York - October 27 – TruckTractorTrailer.com (TTT) and sureEcosystem (FTI Groups, Inc.) have announced a business partnership for the co-marketing of their services to the Tow Truck Segment of the Trucking and Transportation industry.

“We are delighted to partner with sureEcoSystem to bring buyers and sellers of tow truck assets together on our custom exchange,” states John Gillie, Founder and CEO of TruckTractorTrailer.com. “We created TruckTractorTrailer.com to help the trucking industry migrate to a contemporary, online, direct-to-consumer model, empowering Owner-Operators and small fleets by providing a superior online experience – both high tech and high touch. Tow Trucks are a vital category for us and we are excited to begin introducing their buyers and sellers to a new way of doing business.”

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.