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19 Replies Last post: Jun 25, 2008 1:17 PM by madereal

need to expand business and obtain an unsecured line

Jun 24, 2008 4:03 PM

Click to view zebra123's profile Professional 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: business_credit, alternate_financing_options, cash_flow, collateral, investment_loan, personal_credit, small_business_loan, working Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,942 posts since
Aug 6, 2007
1. Re: need to expand business and obtain an unsecured line Jun 24, 2008 4:26 PM
in response to: zebra123
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
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Click to view zebra123's profile Professional 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
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Click to view zebra123's profile Professional 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
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