Louisiana has a great location on the coast of the Gulf of Mexico to the south and the river Mississippi all along its eastern border with the state by the same name i.e. Mississippi.
That makes Louisiana a very important route for both inland waterway as well as sea freight shipping transportation.
All the shipping movement on the Mississippi-Missouri waterways right up to the Gulf of Mexico. And beyond have to converge on the ports and transportation hubs of Louisiana.
Running a transportation business in Louisiana can therefore be profitable and also challenging because of stiff competition.
You can sustain profitability and compete effectively when you have easy access to transportation business funding in Louisiana.
Louisiana has all that it takes to be a wonderful multimodal transportation hub with highways, seaports, inland waterway ports, and airports distributed across the state.
If you are into freight movement on trucks, river freight vessels, railroads, or airplanes. Your capital expenditure is going to be quite high.
Read also: Barbs Addiction
The other side of such operations is transshipment wherein you run warehouses and container freight stations involving aggregation of containers.
This also has a high capital expenditure for which you may find it difficult to get access to credit at times.
Don’t get stressed and start thinking “Will I ever get business funding near me in Louisiana?” Rest assured that you will get the funding before long.
Freight movement is a critical part of transportation
At the heart of the transportation business is freight movement for which different modes of transport are used.
As in the rest of the country, trucking continues to be the primary mode of transporting freight in Louisiana.
However, the country’s largest and most important inland waterway, the Mississippi flowing all along the eastern border of Louisiana also makes waterway shipping a significant part of the state’s transportation.
Whether you just run a trucking operation or shipping and air freight as well. Easy access to merchant cash advance in Louisiana will be crucial for the growth of your business.
Public transportation is another vital segment
The bulk of the transportation business in Louisiana and elsewhere covers freight movement. But there is also a significant part to public transportation.
A large and growing number of Americans today use public transport to not only move within their cities but also across their states as well as for interstate travel.
Inner city and intercity travel across major urban centers of Louisiana such as New Orleans. Baton Rouge, and Shreveport among others have some or other forms of public transport within city limits as well as for intercity travel.
Operating quality bus services is capital intensive and you will need easy access to funding for business in Louisiana to sustain the operation profitably.
One of the keys to success in any business and not just in transportation is. Knowing how to get hassle-free funding when you need it. Many businesses that are not able to get such funding on time have to face uncertainty and even closure.
When you approach a top lending company like Alternative Funding Group. Your chances of getting the funds are much more because they offer easier terms and the cost of borrowing.