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5 Replies Last post: Jun 15, 2009 10:15 AM by kathvila

Starting a trucking business

Jun 11, 2009 1:17 PM

Click to view kathvila's profile Professional kathvila 3 posts since
Jun 11, 2009

i'd like to start a trucking business. I have a weak credit, would i still be able to finance a truck? I have the money to register it, get it's license plates , etc. Also, what website can help me find the loads?

Someone please help, i am in desperate need to make money
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Click to view CCS_INC's profile Mogul CCS_INC 37 posts since
May 4, 2009
1. Re: Starting a trucking business Jun 11, 2009 1:24 PM
Email me at CorporateCommercialServices@yahoo.com. I can say that if you have weak credit it will be very hard to obtain financing. I specialize in helping entrepreneurs obtain what they need to suceed in business. If you need assistance, shoot me an email. Thanks
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Click to view riskman1's profile Authority riskman1 11 posts since
Jun 11, 2009
2. Re: Starting a trucking business Jun 11, 2009 2:38 PM
in response to: CCS_INC
If you are a start up there may be alot of opportunities out there.

First you need to plan and if cash is tight you will struggle, who will be your clients? How are you to be paid? any ideas as to what kind of revenue you will earn?
I have several clients that are trucking companies with 10-15 vehicles sittling idle with nothing to ship!
We are talking each truck has a note/payment of $1800. A MONTH PLUS INSURANCE!

While the thought of what you are attempting is great but walk slow and be sure of your footing!
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Click to view phanio's profile Mogul phanio 474 posts since
Apr 7, 2009
3. Re: Starting a trucking business Jun 11, 2009 4:14 PM
There are several non-bank equipment lenders that deal directly with the trucking industry. They do not have such high standards as traditional banks as the equipment is secured. Plus, they specialize in equipment (including trucks) and know how to make deals work.

Once you get started, there are other companies that can factory your invoices to get you additional funds to grow your business.

Business Money Today
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Click to view kathvila's profile Professional kathvila 3 posts since
Jun 11, 2009
4. Re: Starting a trucking business Jun 15, 2009 10:12 AM
in response to: CCS_INC
Even
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Click to view kathvila's profile Professional kathvila 3 posts since
Jun 11, 2009
5. Re: Starting a trucking business Jun 15, 2009 10:37 AM
in response to: kathvila
My b/friend is a truck driver, we have been really thinking about opening a trucking business, he's the one with the good credit as opposed to me. I'd like the truck to be under both of our names, will the financing company let me sign as owner although i have weak credit?
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