Having problems with financing your tow trucks?
It is a known fact that new business owners have a harder time securing financing, than those who have been around for a while. As the first year of any business is always the riskiest, startups can expect to experience several rejections before being approved. As a start up, you have to make sure you are prepared to stay alive with money saved up or customers lined up for projected revenues. Otherwise what do you got?
This is even more difficult for those who are looking to start their own towing business.
Purchasing new tow trucks is an extremely costly endeavor, with maintenance costs mounting higher each year. Lots of wear on tear on these trucks with salt and miles.
This leads to the question: Can your working capital still support your business with these expenses? You've got to support yourself, possibly family, employees, rent
If you’re having financial problems in your startup towing business, then you’re in the right place. In this article, we will talk about starting a towing business with the help of tow truck financing.