Trucker Path has partnered with Lendio as an embedded lending solution in the Trucker Path Marketplace. Lendio has funded $330 million for trucking businesses and will now offer a range of financing services to the Trucker Path community.
“Lendio brings much needed capital to trucking businesses, which have traditionally been underserved by banks,” said Chris Oliver, CMO at Trucker Path. “Their loan products, which are tailored for transportation businesses, can be used to buy, upgrade or repair equipment, invest in technology to gain a competitive advantage, and expand operations or add staff.”
See also: Trucker Path offers discounted, reserved truck parking
Trucking and transportation offerings from Lendio include asset- or revenue-based financing, debt financing, lines of credit, and equipment financing. Lendio’s online application is available in Trucker Path’s mobile app. It does not impact the applicant’s credit, it can be completed in as little as 15 minutes, and funding is available within 24 hours. An expert guides applicants through the entire process, asking about their needs, walking them through different financing options, and helping them choose a financing solution.
“With Lendio’s embedded lending, Trucker Path users will now have faster access to financing from a variety of lenders that best meet their business’ needs,” said Brock Blake, CEO and co-founder of Lendio. “We know access to capital can be a big roadblock for many small businesses, and our marketplace has helped hundreds of thousands of businesses with this, including many in trucking and transportation, over the past decade. This partnership aligns perfectly with our mission to create a world where small businesses survive and thrive, and we’re so excited to work with Trucker Path.”
