Can I vent just for a minute.........

Discussion in 'Ask An Owner Operator' started by femalecdla, Jun 26, 2020.

  1. NeverSatisfied

    NeverSatisfied Light Load Member

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    Oh I agree. I lucked out and threw it all under my other business insurance policy. Think my first year ended up costing me like $6k

    I was just amazed by the low pay that she is paying herself $150-$350 a week?!? That’s ridiculous. Maybe I’m off base here but my ### ain’t getting out of bed for that!
     
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  3. TexasKGB

    TexasKGB Light Load Member

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    Think about that stupid statement - if you can - when your SS checks are keeping you in diapers and pudding.
     
  4. Midwest Trucker

    Midwest Trucker Road Train Member

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    Maybe you didn’t get the loan because you just started last year with a brand new company? I wouldn’t loan you money either. It’s amazing you get $1000 for free and still manage to be upset. Not to mention stimulus or any PPP you might have gotten.

    You are going broke, I’m sorry. Getting a $25k loan is only going to prolong the pain and hurt you in your recovery from this business right now.

    Stop with the power only thing. Like NOW. Go rent a van trailer and get running some loads off DAT or something. $3000 revenue per week for your own authority and insurance isn’t going to cut it. Not now, not a year from now. $4500 is bare bones and $5000 weekly you’ll do ok. You need $5500 to $6500 per week or more.

    Make changes ASAP. Focus on money and the business of making money. Things like an office, logo copyright, etc should be of no concern right now.

    I sincerely mean it, good luck. You have a lot to learn.
     
    dunchues, fordconvert, Coffey and 3 others Thank this.
  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Man I didn't even get a stimulus check.

    Where does free money come from anyway? Where does it go?

     
  6. 062

    062 Road Train Member

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    Haven’t you ever heard of pennies from heaven? They sure do hurt though.
     
    feldsforever and Coffey Thank this.
  7. nikmirbre

    nikmirbre Road Train Member

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    @femalecdla I pray that everything works out for you.
     
    femalecdla and Coffey Thank this.
  8. TallJoe

    TallJoe Road Train Member

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    That EIDL loan is not an easy loan. Extra paperwork scrutiny, not forgivable, harsh penalties and possible ruthless collection upon default.
    People think it is a 3.75% fixed rate credit card.
    You can't even trade in your truck or trailer without SBA written consent, if it is over 25k.
     
  9. Hulld

    Hulld Road Train Member

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    Upstate NY
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    Yes many restrictions that people need to be aware of.
     
  10. feldsforever

    feldsforever Road Train Member

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    Ive been waiting five years for this answer. Thanks.
     
  11. Doing_flatbed_nc

    Doing_flatbed_nc Medium Load Member

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    Not everyone needs to make $5000/ week.
     
    feldsforever Thanks this.
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