Trucking Companies Deserve a Lender That Speaks Their Language
The trucking industry is known for its unpredictable cycles and operational uncertainties, making it challenging for companies to secure credit. Freight demand can fluctuate seasonally or annually, and delayed payments from clients can significantly impact cash flow. These factors, combined with high operating costs, make it difficult for smaller operators to build the financial stability required to qualify for conventional loans.
The Struggle to Access Financing
Traditional lenders often require an extensive credit history, which many transportation businesses lack. This makes it difficult for them to access financing, especially during lean seasons. Moreover, rigid lending rules and requirements can disqualify small fleets from borrowing due to a single missed payment.
A Different Approach to Lending
Commercial Credit Group (CCG) takes a unique approach to commercial finance. By focusing on building personal relationships with trucking companies, CCG offers flexible solutions tailored to the industry’s specific needs. Unlike traditional banks, CCG doesn’t rely solely on credit history or rigid data. Instead, they forge partnerships with the individuals behind the businesses.
Understanding the Industry’s Cycles
CCG recognizes that freight cycles are temporary and subject to change. They understand that a small local fleet might have an opportunity to land lucrative contracts or meet the needs of a growing market. By taking a more nuanced approach, CCG can help prospective borrowers take advantage of these opportunities when mainstream lenders would disqualify them.
A Case-by-Case Approach
CCG’s approach is centered around understanding the character of the borrower, the type of collateral their operation maintains, and their cash flow. By considering these factors, CCG can create finance solutions that cater to each company’s particular needs. This approach has allowed CCG to maintain relationships with many of the same partners since 2004.
More Than Just a Lender
CCG’s sales representatives act as consultants for their borrowers, providing asset management expertise to help them succeed. With over 11,000 unique customers, CCG is equipped to provide commercial truck loans and heavy equipment financing to a variety of clients. By understanding the intricacies of the trucking industry, CCG is well-positioned to support companies in this sector.
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