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Understanding Equipment Financing in the Trucking Industry
The trucking industry is a cornerstone of the global economy, with trucks transporting approximately 70% of all freight in the United States alone1. For aspiring entrepreneurs and established businesses alike, having access to the right equipment is crucial. However, the cost of acquiring new trucks and equipment can be prohibitive. This is where equipment financing comes into play, offering a viable solution to help businesses manage their capital while expanding their fleet.