FAQ Categories
How do SBA Loans Work?
Are Truckers Eligible for SBA?
What credit score do I need for an SBA loan?
How long is the SBA process?
How do I apply for an SBA loan?
What documents are needed for an SBA loan?
Are there any more Covid loans available?
What can I do if I can’t pay my EIDL?
Why are SBA interest rates so high in 2024?
What is an SBA Microloan?
What are SBA Size Standards for Trucking Companies?
What is an NAICS code?
How does Equipment Financing work for truckers?
Will I need a down payment?
What credit score do I need to finance equipment?
Do I need collateral for an equipment finance loan?
How long does the Equipment Finance process take?
Can I pay off financed equipment early?
Which is better, equipment finance or equipment leasing?
Can I finance used equipment?
What is the typical duration for financing equipment?
Where can I get Equipment Financing?
How to provide an invoice if I have not yet found the exact equipment?
What is Business Credit?
Who are the Business Credit reporting agencies?
What’s a good Business Credit score?
Can a Sole Prop get Business Credit?
What can I do to establish and build business credit?
What’s a DUNS number?
Who reports to Business Credit Agencies?
How do I find out my business credit rating?
Does having a personal credit card help build business credit?
Can I build business credit if I have poor personal credit?
What’s the difference between ‘Secured’ and ‘Unsecured’ loans?
A secured loan is backed by collateral, which means the borrower pledges an asset (like a car or property) to the lender, and the lender can seize the asset if the loan is not repaid.
An unsecured loan does not require any collateral but sometimes has a higher interest rate due to the increased risk for the lender. This is especially true if the borrower has lower credit.
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.