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What Type of Small Business Loan is Best for Your Trucking Company

There are different types of trucking businesses thriving in the trucking industry. They can be classified by route, such as local, regional, or national carriers, and they can also be classified based on the type of load shipping, such as LTL (less than truckload), FTL (full truckload), reefer (refrigerated goods), white glove (special handling), and… Read more »

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Net Income vs. Net Revenue: What’s the Difference?

Learn about the differences between net income vs. net revenue for small businesses.

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Bottom Line vs. Top Line: What’s the Difference for Small Business Owners?

The top line and bottom line in business are important figures on a company’s income statement. Find out which one’s more important for long-term growth.

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How To Get Trucking Business Loans

With over 500,000 trucking businesses in the United States, it is one of the country’s most competitive industries. As of 2020, the U.S. trucking industry was valued at $732.3 billion, with 902,000 truck drivers employed. But therein lies a problem. With about 900,000 drivers to 500,000 businesses, there are fewer than two truckers for every… Read more »

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How Do Small Business Loans Work

Small business loans offer several benefits when compared to other forms of financing. Unlike investor funding or selling company shares, you don’t give away a portion of your business equity with a loan. Compared to crowdfunding, small business loans are far more reliable and faster in acquiring the funds you need for your company. Here,… Read more »

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Bonus Depreciation vs. Section 179: What’s the Difference?

The difference between Section 179 and bonus depreciation may seem subtle, but understanding the key details will help you get the largest tax break.

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Small Business Tax Filing: Taking Your Taxes Digital

The IRS is facing massive delays on paper tax returns. If you’re considering taking your small business tax filing digital, here are reasons to do so.

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