Veteran CEO Derrel Mack started as a broker but then changed lanes when he realized the potential for success in the trucking industry. Slowly, Mack Solutions, LLC became a family-run business operating out of Atlanta, GA and started growing substantially in the past few months. As he began to see the demand for his services grow, he wanted to keep up and stay competitive. He faced an issue small business owner often do: as new opportunities were coming up, he didn’t have the cash on hand in order to take advantage.
One of the most significant decisions a fleet manager has to determine is whether to lease or rent vehicles. Derrel had been renting his fleet vehicles and discovered he would be able to save a substantial amount by leasing, as opposed to renting or even purchasing vehicles. He began to look for a solution to lower his monthly cost while simultaneously increasing his fleet size to keep up with new contract demands.
“You have to have money to make money, and unfortunately in the trucking industry, no one wants to work with a company with a one or two truck fleet. They are looking for the company with 10 or 20-man fleet that can come in to help and make an impact,” said Derrel.
“ The number one reason I worked with Reliant was my representative. He was friendly, helpful and easy to talk to and get a hold of when I needed him. ”
Challenges for a Growing Small Business
Cutting Costs: Small businesses need ways to reduce costs. Reliant offers working capital to jumpstart changes initiate projects which save money in the long run.
Have Money to Make Money: Mack Solutions was ready to capitalize on the next phase of expansion. Working capital gave the owner leverage to move forward with opportunities.
Staying on Track for Growth: Investing in your business is a strategic step to growth. Reliant Funding is a trusted renewable source of funding as the needs of your business change.
Keeping Up with Demand: Expansion is a good thing! However, the lack of easy access to funding can restrict it. Reliant is the perfect business partner offering flexible and fast funding.
“ I reached out to Reliant, and they pulled through. There were no issues, and the process was straightforward. ”
Why Reliant Funding?
With the funding he received, Derrel was able to made the switch from rental trucks to leases, resulting in immediate savings for the business. While the upfront costs of making the switch were significant, the business began seeing a return on the investment almost immediately, saving thousands a month. Even more important, the financial flexibility found through working with Reliant Funding paired with the monthly savings they are already realizing has Mack Solutions aiming at doubling their fleet size within the next year.
“ My representative was very helpful and let me know I could turn around, cut my costs and then come back for more money when I was ready to expand more. ”
This story is not a new one at Reliant Funding, since 2008 we’ve been working with successful business owners like Derrel who find themselves lacking the working capital on hand to make significant improvements to their business. At Reliant Funding each National Account Executive undergoes extensive training and works hand in hand with our underwriting team to evaluate the individual business’ needs and goals. As a result individuals working with Reliant Funding are going to immediately recognize the person they are speaking with is focused on their business, and evaluating what is the best path forward towards a healthier more profitable business.
Over the past ten years, we’ve been privileged enough to work with over 10,000 companies and have funded over one billion dollars. With success stories like Mack Solutions found throughout that journey, we know the actually impact of our funding lines has resulted in billions in savings, profit, and growth for American business across the country.
“ I’m looking forward to working with Reliant in the future and returning for more funding when I need it. ”
Every business is unique, which is why we’ve developed the fastest, simplest and most flexible business funding solution available in the market today. If you recognize an exciting opportunity for your existing small business but lack the capital you need to execute on it, we have dedicated account representatives waiting to assist. Learn more about how we can help your business by connecting with us today.
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