April 2019 – TopMark Funding Archive -

Month: April 2019


Finance & Leasing Information
0 admin •2019

Expert Secrets on Why a Small Business Might Get Rejected for a Loan

Your financial standings are the most crucial part of your business. You know you need to be set up to get a business loan. As a small business owner, there are probably some things already standing in your way. But don’t let yourself be your own worst enemy.   Forgetting or Withholding Collateral You can look at it this way: whenever someone loans you money, they’re taking a risk. They need to feel secure in who they’re lending their money to.   Commercial loan officer Davi...
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News
0 admin •2019

Why Some Say the Truck Driver Shortage Doesn’t Exist

If there are 1.8 million of drivers insisting there's a driver shortage, it would be easily taken as fact. But what about the truck drivers looking at their huge force and saying, what shortage?   But if you’ve been listening to the news, everyone else is saying that the truck driver shortage in America is extensive. Warning bells have been going off in the industry for years. The American Trucking Association says that America is short 50,000 truck drivers and by 2026, 898,000 new...
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Finance & Leasing Information
0 admin •2019

ELD Laws and Personal Conveyance Time

What do drivers need to think about their personal conveyance time?   Well, they’re being told not to overthink. Which is a good thing.   Personal conveyance time is time that a driver is spent traveling to a location to rest, moving a truck during off-duty time if it’s required, eating, or more. The “more” is where it can get confusing. What should be counted as personal conveyance time?   Drivers and Personal Conveyance Time Some truck drivers are never certain ...
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Finance & Leasing Information
0 admin •2019

5 Habits That Effective Loan Borrowers Follow

Congrats, you got your business loan! Now, you want to be the best borrower that you can be. That way, when you go to borrow in the future, you’ll be approved right away because you were so successful with your last venture.   You’ve already got your loan. So what do you do from here?   Maintain Your Credit Score Discipline, discipline, discipline. Did we say discipline? Credit is an utterly crucial part of your business, and you don’t want to risk hurting your credit by no...
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Business, News
3 admin •2019

The Trucking Industry is Trying to Attract Unconventional Drivers

You’ve heard the news: the trucking industry is growing low on drivers. With life-long truckers nearing retiring age, the drivers in the field are starting to dwindle.   Not only that, young people aren’t stepping up to replace the jobs of the retirees. Even with huge bumps in salary offered to them, the long hours of driving just don’t seem attractive to young talent in the emerging workforce. And the overall need for truckers, with more and more goods getting produced, the demand is...
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Finance & Leasing Information
0 admin •2019

The Biggest Equipment Loan Myths You May Believe

Equipment Loan Myths Busted: There’s a lot of conflicting information out there. When it comes to getting the equipment loans your business needs, you want to get right to the heart of the matter. So, let's take some time to sort through all these equipment loan myths and tales. Hey, you might think you know everything that comes with trying to get an equipment loan. But what if there is some stuff you believe that's not true? It might be holding you back. The truth is, financing misconce...
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Finance & Leasing Information
1 admin •2019

Amazon Wants To Start Your Own Delivery Company

It's safe to say a lot of people wouldn’t hesitate to take a job that pays $300k a year. Do you want that opportunity?   This is the question that Amazon is now asking. They’re asking it to everyone! Why? To find more people to deliver their packages. From experienced truckers, to someone whose never operated heavy equipment in their life, Amazon is looking for people to take part in their own Amazon delivery service.   Amazon Delivery Service Partners In 2017, Amazon shippe...
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Finance & Leasing Information
0 admin •2019

How Infrastructure Improvements Can Help Save Fuel for Truckers

Gas. It’s the thing that we all think about when we drive for a long time (or even a short amount of time). What gas mileage do you get? How much is it going to cost in gas? How often will we have to stop?     Well, if you’re a truck driver, you’re driving long distances every single day. And the price of fuel is something you know about all too well.   Congestion is thought to have increased the amount of gas spent annually by a whopping 6.8 billion gallons. In dollars, th...
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