Lenders for a new starter

Discussion in 'Ask An Owner Operator' started by Blacktooth 018, Feb 25, 2021.

  1. Blacktooth 018

    Blacktooth 018 Bobtail Member

    6
    2
    Nov 16, 2020
    0
    Hello fellow truckers!

    I registered a transport corporation 2 months ago. Given that, many lenders won't give me a loan to purchase equipment or truck.
    Anyone here knows lender which would give
    a loan to purchase semi truck?
    God speed!
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. 77fib77

    77fib77 Road Train Member

    4,856
    17,293
    Jul 7, 2010
    St Louis
    0
    How much moy do you have to put down?
     
  4. Old Man

    Old Man Road Train Member

    4,118
    10,829
    Apr 3, 2009
    Oklahoma City, OK
    0
  5. Blacktooth 018

    Blacktooth 018 Bobtail Member

    6
    2
    Nov 16, 2020
    0
    I have got my cdl 9 years ago, but overall 3 years of OTR experience. I am able to put down 20k-30k. I would like to shop newer truck but still used a few years.
     
    77fib77 Thanks this.
  6. shooter19802003

    shooter19802003 Medium Load Member

    609
    2,194
    Feb 8, 2010
    Idaho
    0
    I just went to my bank. Took them about 10min to say ok.
     
    Midwest Trucker Thanks this.
  7. Oakland Raiders Forever

    Oakland Raiders Forever Medium Load Member

    326
    360
    Feb 24, 2020
    0
    So you want to find a bank to lend you money to be a truck driver ?

    Why don’t you just get a job as a truck driver ? Banks want sure bets not I want to try something new.
     
  8. shooter19802003

    shooter19802003 Medium Load Member

    609
    2,194
    Feb 8, 2010
    Idaho
    0
    Main thing is to have a solid business plan when you go in.
     
  9. cke

    cke Road Train Member

    3,229
    42,691
    Aug 4, 2013
    Colfax Wi
    0
    Business plan, business plan, business plan. You ain’t getting nothing with out a business plan.
     
    TallJoe and clausland Thank this.
  10. Chinatown

    Chinatown Road Train Member

    48,793
    82,951
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Last edited: Feb 26, 2021
    Speed_Drums Thanks this.
  11. Bossplayasonly

    Bossplayasonly Bobtail Member

    8
    11
    Feb 16, 2021
    0
    If you are asking this question, then you have not done enough research to get a truck. 20-30K should be enough to buy a decent truck. Hell, I could get you a really nice used Walmart fleet truck for that. (And this information is not free, so I am not going to tell anyone how on some random thread.)
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted