ForumsFinancing Tips

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 2 "helpful" answers available (4 pts)

3 Replies Last post: Jun 27, 2008 4:46 PM by zebra123

need to expand business and obtain an unsecured line

Jun 24, 2008 4:03 PM

zebra123 3 posts since
Jun 24, 2008

want to expand our business and obtain an unsecured line of credit...with the trucking industry it becomes somewaht of a challenge....been in business 5+ years....any advice ou there. thanks

Tags: alternate_financing_options, business_credit, cash_flow, line_of_credit, small_business_loan Report as inappropriate

LUCKIEST 7,912 posts since
Aug 6, 2007

1. Re: need to expand business and obtain an unsecured line Jun 24, 2008 4:26 PM

Need to expand business and obtain an unsecured line

Welcome. Tell me more. Who are you?? Where are you??

What kind of trucking?? How large a line of credit?? For How long??

Do you have tax returns and Financial's I can see??

LUCKIEST

Report as inappropriate

zebra123 3 posts since
Jun 24, 2008

2. Re: need to expand business and obtain an unsecured line Jun 27, 2008 1:16 PM

in response to: LUCKIEST

My company's name is M&B Trucking Service we are located in DC area and have been in business 9 years. We lease/own 3 dump trucks and broker 15+ independent dump truck owners. We have an extension on the 2007 filing of our return until October, but we have available the previous filings. We have some certifications in place (minority). We did not have a buisness plan when the company was started, an 'old accountant friend' pulled together a business plan but it is not very extensive. One of our major obstacles is 'cash flow'.

Thanks

Report as inappropriate

zebra123 3 posts since
Jun 24, 2008

3. Re: need to expand business and obtain an unsecured line Jun 27, 2008 4:46 PM

in response to: zebra123

oops...how much $150-250k

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsFinancing Tips

This Question is Possibly Answered

need to expand business and obtain an unsecured line

Jun 24, 2008 4:03 PM

More Like This

Most Recent Forum Posts

Legend