Finance Your Business Fleet with Commercial Fleet Loans at Star of Texas Credit Union

When you think of obtaining a loan for yourself or your business, what are the types that come to mind? Many would think of car loans, home loans, and school loans, infact the most beneficial loan which is available to businesses is a loan known as commercial fleet loan. A fleet loan is a loan which is calculated on your businesses’ commercial vehicles. The vehicles are referred here as a fleet and can be either new vehicles  or used vehicles and may include, but not limited to; trucks , trailers and cars. Star of Texas Credit Union, which is located in Austin, Texas is a leader in approving businesses for commercial fleet loans.

Any business, small, medium or large, may qualify for fleet loans. In a small business, this type of loan can be the difference between operating in the red or operating in the black. Commercial fleet loans can be extremely beneficial for businesses in the early stages of inception. Businesses thrive on having as much cash on hand as possible. A fleet loan can allow a business to have more cash available to invest in other areas of the business. Star of Texas Credit Union, with its knowledgeable staff, can help any business apply for and qualify for this type of loan. Many big financial institutions offer these same types of loans, but there are many stringent terms and the interest rate is not as competitive. Star of Texas Credit Union offers loans with lower interest rates and more flexible terms. There is an abundance of reserves that credit unions want to loan to businesses, and Star of Texas is no exception.

So, one of the first steps any business should take, is to assess how many vehicles they have or will need in their fleet and then determine how much money it is going to take to operate these vehicles. Once a business does this, they will realize how important it is going to be to either reduce their payments on their fleet or take the equity out of the vehicles they currently have to invest in any other part of the business. Star of Texas Credit Union can help businesses to determine as to how many vehicles in their fleet can be covered and also, what all terms are going to be beneficial most for the company.

Commercial fleet loans should not be an afterthought and will save any business a significant amount of money. Star of Texas Credit Union is the number one source of these loans in the Austin, Texas area, especially for small business. They understand the difficulties small businesses can go through to get loans, in particular fleet loans, from banks and other lending sources. So, if you are a business in Austin, Texas, do not hesitate to contact Star of Texas Credit Union with your questions.