bank loan for truck

Not what you want to hear probably but I think the smartest way to get into O/O is to save the cash and buy a $15,000 or so truck with a pre-emissions motor ideally.

 

sorry to say no bank wil loan you any amt of money unless your employed. i know i wouldnt.

 

The 2 previous told you right. If I might add something to think about, most banks will not loan money to buy a truck and trailer because of the past years of losing their butts on them.

You might have a great relationship with your bank and they will work with you but most people can't get a loan on a first truck even with great credit just to big of a risk.

And looking at your driving history you have less than 1 year driving unless that is a mistake and that driving history is not enough to them.

 

Ain't happening pardner... you'd have better luck pullin' yer hat low over her head, pullin' yer kerchief over yer face, pullin' yer six shooter out 'n yellin' "Stick 'em up, 'n give me all yer money!"

 

It is kinda hard for a broker to guarantee you x loads a week or even dollars a week. The market is such a roller coaster it's impossible. At least I've never known one that would.

 

How do I get somebody to loan me money without a job? well just ask....oh nevermind this will get thrown into politics if I say it.

 

If you look at the back pages of the truck paper publication, there are a few companies that loan money, but usually at a high interest rate and usually on a truck you don't want. Another idea, try googling lending, or truck lending, you get the idea.

 

My $.02...banks are doing you a favor by not lending you money at this point in time. With most new businesses...there are no guarantees. That seems to be how you're looking at it (OP). If you find a broker that "promises" you 'x' number of loads at'x' rate per week...what are you going to do when one or both of those variables fall short, you have a payment to keep up on, and don't necessarily have the experience to fall back on that would help get you out of that bad spot?

That's not even getting into the what if scenarios like "what if fuel prices increase?" or "what if my tractor breaks down?" This just doesn't sound well thought out (no offense intended).

 

here is one reason why authorities need to have bonds for expenses, or am I reading too much into the OP's post that he wants instant success and big bucks?