Transportation Business Loans
Financing For Transportation Businesses
Safe and dependable transport is essential to UK society and the economy. Logistics and courier transport, in particular, is critical to all industries throughout the economy, as they provide the flow of goods in which all other commercial sectors rely on.
The British depend on a variety of modes of transport for getting around that include walking, cycling, cars, trucks, vans, buses, trains and planes. There’s been a significant increase in distance people travel over the last 50 years, mainly due to increased travel by cars, vans and taxis (from 27 per cent to 83 per cent). But rail travel has also increased—by more than double—since privatisation took place two decades ago.
The trucking and freight side of the transport equation is impressive, with 222 billion tonne kilometres of domestic freight moved within GB in 2010. Specifically, over 0.5 billion tonnes of freight are handled annually by UK sea ports, which is 200 times that of airports. In 2012-13, 21.5 billion net tonne kilometres of freight were moved by rail, with coal accounting for more than one-third of all goods moved by rail.
The sector also has a major influence on employment: UK Transport and Storage employs 1.4 million people.
Public sector spending on transport peaked at £23 billion in 2009-10, three times the £7.3 billion spent in 1998-99. At £19.3 billion in 2012-13, public sector transport spending was allocated as follows:
- National roads – 15 per cent
- Local roads – 26 per cent
- Local public transport – 18 per cent
- Railways – 35 per cent
- Other transport – 6 per cent
Transport in the UK accounts for around a quarter of all domestic carbon dioxide (CO₂) and other greenhouse gas emissions. Cars and taxis are the highest contributors, with 40 per cent of the total. The UK’s long-term goal is to reduce its overall greenhouse gas emissions by at least 80 per cent by 2050, as compared to 1990-levels. Legislation and incentives focus on ultra-low emission vehicles (electric, plug-in hybrid and hydrogen powered cars, trucks and vans); reducing emissions from shipping; bio-fuels; and improving the air quality.
Business Loans for the Transportation Industry
Continued growth in the UK depends on a thriving transport sector. That’s why we offer financing solutions to the many different kinds of SMEs that are part of this industry. Growth requires funding, and it also helps to be prepared for whatever lies ahead. Boost Capital provides loans from £3,000 up to £500,000 for qualified SMEs, and less-than-perfect credit is not an issue.
We’ve also designed our applications and review/approval process especially for SMEs:
- A streamlined online application
- Easy-to-complete paperwork
- Quick approval in 24 to 48 hours
- Fast funding after approval, usually in a matter of days
- Customised repayment terms
- Poor credit doesn’t disqualify borrowers
Boost Capital also doesn’t specify how funds are to be used. That’s up to you, the business owner, who can use the financing for any legitimate business expense, including:
- Expanding or upgrading your transportation fleet or facilities
- Purchasing materials or equipment
- Adding employees; expanding training and education
- Emergency or unanticipated expenses
- Handling cash flow fluctuations
Apply Today for a Transportation Business Loan
At Boost Capital, our business funding solutions, loan application and approval process are tailor-made to the needs of UK’s SMEs. Find out how others in the transport sector have taken off! Click here to complete an application online, or call us at 0800 138 9080 for more information on transportation funding.