The trucking industry is in immense demand. It serves as the backbone of supply chains across the nation. Job bids must be competitive despite rising fuel costs, low availability of equipment and drivers, and constantly changing regulations that can vary by state.
Capital for Trucking Businesses
Fuel costs can change drastically over the course of a month, making budgeting a potential nightmare. The cost to maintain or repair trucks in your fleet is high. Any given day can present new financial challenges, including vehicle breakdowns that require towing, insurance expenses, and higher-than-usual traffic, which causes higher fuel usage. At the same time, trucks sit in low-speed bumper-to-bumper traffic. Denali Advance can help your trucking company increase its working capital in various ways to handle growth and everyday emergencies as they occur.
Line of Credit
A line of credit can help your business in various ways. It allows you to fuel your fleet effectively and spread your expenses out over a given period of time while waiting for invoices to be paid.
Equipment Financing
Equipment financing is an excellent way to spread large expenses out over a period of time. This can be used to expand your fleet, hire additional drivers, or upgrade your fleet to be more reliable and efficient.
Invoice Factoring
Depending on how your operation works, you may be waiting for final payments to be released, leaving a void in your budget until it comes through. Invoice factoring allows you to access the capital from unpaid invoices to keep your fleet moving regardless of how slow your clients are to pay.
Small Business Loans
Working with a bank for a small business loan to cover fleet expansion or other big moves you’re making for your trucking business can take months of work to get approvals. We understand the need for rapid growth when opportunity knocks.
About Us
Denali Advance was founded by two passionate entrepreneurs, Nate Fried and Brad Brown, who have known each other since childhood. After independently leading successful lives, they came together again to form Denali Advance.
They got the idea after noticing a need for small businesses to have faster access to funds that help their businesses grow. We strive to stand apart from other providers by offering a more personalized yet analytical approach to small business capital.
