How Keystone Helped a Trucking Company Overcome Roadblocks and Grow with Equipment Financing
Company Info
Transportation Company - Hauling
Location
Southeast
Background
A transportation company with over 13 years of experience specializes in hauling for major retailers such as Amazon and Target. In 2021, the company aimed to expand its operations and hire multiple drivers. They sought a financing partner to support this growth and were referred to Keystone by a trusted vendor.
The transportation company sought to grow its operations and recruit additional drivers. To support this expansion, they looked for a financing partner and were introduced to Keystone by a trusted vendor.
Situation
Despite their extensive experience, the business owner encountered a significant roadblock when they needed to add to their fleet of trucks. Due to inadequate credit, traditional lenders declined to provide the financing required for them to purchase a sleeper truck. Without access to funding, the business's growth and long-term financial stability seemed to be stalled.
Solution
Their equipment dealer referred them to Keystone Equipment Finance Corp. as a potential financing partner. Recognizing the potential of this established business, Keystone extended an initial loan of $33,900. This funding enabled the owner to purchase the sleeper truck and rebuild his credit through manageable monthly payments. Additionally, a strong working relationship developed with a dedicated sales representative, providing ongoing support for future financing needs.
Results
What started as a single truck purchase evolved into a transformative partnership. Over the past five years, the customer has experienced significant growth, now financing over 10 trucks and trailers through Keystone. With a reliable and flexible financing partner, the business owner has successfully improved his credit and continues to rely on Keystone as a trusted resource for growth.
This success story illustrates the power of strategic financing in overcoming credit challenges and fostering long-term business expansion. At Keystone, we take pride in helping businesses secure funding to build a sustainable future.
