
Alternatives to a semi-truck loan
Options for semi-truck financing include term loans, lines of credit and SBA loans.
Sarah George is a freelance writer who loves helping small business owners understand the complexities of getting a business loan. She believes that effective financial and debt management opens doors for small businesses to thrive in a changing economy.
Over the last four years, Sarah has written hundreds of articles about banking, insurance and general finance. While writing in these spaces, she made it her goal to point out privacy concerns and protections for banking products aimed at children. She also loved highlighting the nuances of insurance coverage so that the average consumer could understand what circumstances qualified for an insurance claim.
Sarah has been featured in various publications, including CBS, CNET, Nasdaq and Finder. She holds an English Education degree from Pensacola Christian College and is a Certified Educator in Personal Finance. In her downtime, Sarah enjoys hiking, disc golf and playing board games with friends and family.
A business loan is an essential tool for growth or covering cash flow gaps. There’s no one-size-fits-all option, and some types of loans can be used for the same purpose as another. Business term loans can be used to expand, buy equipment or nearly any other defined purpose. Business lines of credit are great for recurring needs like everyday expenses, and they tend to have loose requirements to qualify. But bad credit borrowers have options too, as long as they find the right lender and show they can repay the loan.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Options for semi-truck financing include term loans, lines of credit and SBA loans.
Options include term loans, business lines of credit and even SBA loans.
Want a business line of credit? Here’s what to do.
Being denied a small business loan can be disheartening. Here’s what to do next.
Live Oak Bank offers a high-yield business savings account with 3.60% APY, no fees, and no minimum balance requirements for digital-savvy business owners.
Several lenders offer equipment loans, including banks, online lenders and equipment manufacturers.
See the average interest rates for semi-truck financing, broken down by different loans and lenders.
Finance your small business with loans, grants or crowdfunding.