Business Loan for Owner Operator

Discussion in 'Trucker Taxes and Truck Financing' started by Wareagle38, Nov 12, 2015.

  1. Wareagle38

    Wareagle38 Bobtail Member

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    Feb 28, 2013
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    Do you guys know of any good companies that do business loans for transportation?
     
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  3. xsetra

    xsetra Road Train Member

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    Aug 21, 2011
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    Use the SBA. lot of paperwork but heck big brother knows all about your business already.
     
    bigred81 Thanks this.
  4. bigred81

    bigred81 Medium Load Member

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    Aug 5, 2013
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    Many banks offer SBA loans and will work with you to get the paperwork done correctly.
     
  5. Scooter Jones

    Scooter Jones Road Train Member

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    I just completed an SBA loan application and was approved.

    SBA loans are made through banks. You still have to meet the bank's lending requirements and qualification standards. The banks that make these loans are mitigated for up to 75% of the loan in the event the borrower defaults on the loan.

    The SBA forms I was required to fill out were really limited and somewhat redundant. However, there was nothing to it, really.
     
    Last edited: Nov 22, 2015
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  6. Hennyhenn

    Hennyhenn Bobtail Member

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    Nov 10, 2015
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    Can you give me the website where you applied for your loan
     
  7. Hennyhenn

    Hennyhenn Bobtail Member

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    Nov 10, 2015
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    Which SBA website did you deal with
     
  8. Hennyhenn

    Hennyhenn Bobtail Member

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    Nov 10, 2015
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    Can you give me the website to SBA loans
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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    I went through a local community bank in my hometown in Oregon. If you do a Google search for SBA preferred lenders I'm sure you'll find a list of lenders in your area that do SBA loans.
     
    Hennyhenn Thanks this.
  10. Hennyhenn

    Hennyhenn Bobtail Member

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    Nov 10, 2015
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    Ok thanks for the info.
     
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