Ledgered Line of Credit for Trucking and Transportation Companies
Transportation Lines of Credit
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A ledgered line can be an ideal option for trucking and transportation companies that are considering a traditional line of credit or are present with a bank line and would like to get away from the strict requirements but maintain competitive pricing and flexibility. And unlike a traditional bank line, there are no audit requirements or restrictive covenants concerning financial ratios, concentration, etc.
The ledgered line can also be ideal for a trucking company that is presently factoring or seeking a line of credit option but is concerned with the restrictive covenants of a traditional line.
The ledgered line of credit is tailored specifically for trucking and transportation companies, it's flexible, it works like a traditional line and it comes with an ABL pricing structure, but unlike a traditional line of credit, there are no restrictive covenants.
The advantages are many, which include:
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
For more information on a Ledgered Line Of Credit, kindly complete this SHORT FORM.