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Tag: lending
Business
How borrowers, sometimes unknowingly, sign away their assets in MCA contracts
When signing a merchant cash advance contract, understanding important legal provisions can help owner-operators and small fleets avoid signing away assets.
June 29, 2020
Business
Struggling small fleets stung by aggressive cash advance lenders
Thousands of small fleets and other trucking-related entities have been saddled with unworkable merchant cash advances. More on Overdrive.
June 22, 2020
Overdrive Extra
Have you been taken by these cash advance companies?
Overdrive would like to hear from owner-operators with experience dealing with merchant cash advance providers. Find out how to share your story here.
June 16, 2020
Business
Owner-operatorsâ cash flow crisis: Borrowing outside of SBA, other debt-relief strategies
Lending resources & other strategies to help owner-operators and small fleets manage a cash-flow crisis, whether or not caused by coronavirus-impacted economy.
June 11, 2020
Business
Buying money, buying time: Survival strategies for cash-strapped owner-operators
As the economy tiptoes to recovery, among the biggest issues facing owner-operators is cash flow. Explore strategies to cope in Overdrive's three-week series.
June 8, 2020
Business
As coronavirus grips economy, lenders offer some forgiveness for missed truck payments
Some lenders are offering owner-operators and small fleets temporary relief from monthly truck payments as COVID-19's impact ripples through the industry.
March 20, 2020
Overdrive Radio
Podcast: One owner-operatorâs credit claw-back after identity theft | âELD or meâ dates set
How did owner-operator Scott Reed find out about the theft of his identity that destroyed his good credit: He learned of erroneous warrants for his arrest out West. Hear how he repaired the situation here. Also: âELD or meâ demonstration dates set for Oct. 3-7.
June 2, 2017
Voices
Truckers to Fed: Keep interest rates at historically low levels
With the Federal Reserve board of governors contemplating a rise in short-term interest rates, a majority of truckers surveyed in this hot buttons poll favored no change.
October 6, 2015
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