FAQ Categories

What is a Cash Advance and how does it work?

Cash Advances, aka merchant cash advance, mca, short term funding,

write the faq answer but see this indepth article (point to blog please sean)

If your business doesn’t have its own credit history, lenders may look at your personal credit score. A strong personal credit score can help demonstrate your creditworthiness.

Your minimum personal credit score should be no lower than 600.

Alternative Lenders.

While traditional banks might be hesitant to offer lines of credit to new businesses, alternative lenders, such as online lenders, might have more flexible criteria. They

As a rule, even with alterative lenders, you should have at least the following before applying for a business line of credit as a new business;

  • Minimum personal credit score of 600
  • Monthly revenue of at least $9,000
  • Have been in business for at least six months

BLF works with dozens of trucker-specific Business Line of Credit providers.

Because it’s tricky to know where to apply, and considering each application will result in a credit inquiry, it’s always best to know which lender is most appropriate for your business. BLF can assist you in both the pre-application checklist as well as submitting an application that stands the best chance of approval.

Apply for a Business Line of Credit through BLF.

BLF is here to assist you

Our goal is to provide you with expert help and guidance for you needs. Whether you need funding or business services for your trucking company, you are in reliable hands.

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