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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Owner Operators
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Trucker Taxes and Truck Financing
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Business loan for start up O/O?
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<p>[QUOTE="MPE Freight Lines, post: 12345030, member: 341395"]I guess my thought process was similar to starting any other business. There are companies out there that specialize in "business loans" for alot of different things. GAP loans, working capitol loans, etc. I was thinking that if I was to get one of these type of business loans that I would be able to purchase everything that I needed to start, have money in the bank for "unforeseen expenses" and not have to worry about several separate loans for truck, trailer/s, registrations and all the small stuff like straps, chains, binders, etc. I realize this is not a "brick and mortar" situation but most people are not able to accrue this amount of capitol to start without some assistance from lending institutions. I respect you guys that have become owner operators and I'm just trying to figure out the quickest but "safest" way to get there. I'm not in my 20's anymore and don't have 10 years to save to get myself started.</p><p>Thank you to all who responded, I will take it all in advisement. Maybe there is another way to do this more quickly....[/QUOTE]</p><p><br /></p>
[QUOTE="MPE Freight Lines, post: 12345030, member: 341395"]I guess my thought process was similar to starting any other business. There are companies out there that specialize in "business loans" for alot of different things. GAP loans, working capitol loans, etc. I was thinking that if I was to get one of these type of business loans that I would be able to purchase everything that I needed to start, have money in the bank for "unforeseen expenses" and not have to worry about several separate loans for truck, trailer/s, registrations and all the small stuff like straps, chains, binders, etc. I realize this is not a "brick and mortar" situation but most people are not able to accrue this amount of capitol to start without some assistance from lending institutions. I respect you guys that have become owner operators and I'm just trying to figure out the quickest but "safest" way to get there. I'm not in my 20's anymore and don't have 10 years to save to get myself started. Thank you to all who responded, I will take it all in advisement. Maybe there is another way to do this more quickly....[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Owner Operators
>
Trucker Taxes and Truck Financing
>
Business loan for start up O/O?
>
Reply to Thread