What Trucking Business Loans Are & How They Work

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Trucking Business Loan?
How Do Trucking Business Loans Work?
A Word on Collateral
Pros and Cons of Trucking Business Loans
Pros
Cons
Using a Trucking Business Loan vs. Conventional Business Loan vs. Equipment Loan
Trucking Business Loan
Conventional Loan
Equipment Loan
Qualifying for Trucking Business Loans
Some Uses for Small Business Loans for Truckers
Types of Loans for Trucking Businesses
Short-Term Business Loans
Small Business LOC
SBA Loans
Equipment Financing Loans
Alternatives to Trucking Loans
Choosing the Right Trucking Loan for Your Needs
Compare Business Loan Rates
Frequently Asked Questions
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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