Travel Company Rises to New Heights

Transportation industry affords opportunity for consistent growth

Polina Raygorodskaya started her own online travel startup after getting stranded on a cross-country trip in 2011. Her company, Wanderu, helps bus and train travelers in the US book their next reservation. Raygorodskaya says she saw an opportunity for Wanderu when she noticed that many bus services in the United States didn’t have an online booking service. Now, just three years after its founding, Wanderu has announced a partnership with the largest intercity bus service in the United States: Greyhound Lines, which has 3100 destinations nationwide. The expansion doesn’t stop there: Raygorodskaya says that Wanderu also has plans to expand digitally by creating their own apps for iPhone and Android.

In this interconnected world, more and more small business owners are finding it possible for their company to rise to the level of competing with the big names in their industry. The travel industry is an area where growth is especially available – the global industry is expected to grow consistently by more than5% per year for the next decade, according to an Oxford Economics study. Expanding your travel company like Wanderu did is a great way to take advantage of this positive economic projection. However, funding issues can get in the way of your transportation company rising as high as it can. If you’re finding yourself struggling to fund your company’s expansion, Silver Rock Funding can help get you small business loans from anywhere between $5,000 and $500,000 for your business needs.