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Navigating the Finance Roadblocks: Overcoming Challenges in Trucking Business Funding - LoadMiles

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  Struggling to secure financing for your trucking business?  You’re not alone. In fact, traditional lenders and even SBA guaranteed loans may not be the solution. With over a decade of experience in real estate financing, funding challenges for truckers have been observed firsthand. Here’s why:  High-risk industry: Economic volatility, regulatory hurdles, and stiff competition make lenders cautious about trucking businesses.  Equipment depreciation: Trucks and trailers lose value over time, making it harder for lenders to recover their investment in case of default.  Seasonal cash flow: Fluctuating demand throughout the year can strain cash flow, increasing the risk for lenders.  Regulatory hurdles: Strict regulations add complexity to the lending process, making lenders wary of legal risks.  Industry consolidation: Larger companies gobbling up smaller ones can leave smaller trucking businesses struggling to access financing. Considering all these fac...