New owner operator, problem with truck/trailer financing

Thanks everyone, went to bank yesterday and as of today got all the money I needed for truck and trailer with excellent terms. Going to get truck next week, and should be out running by the end of the month.

 

What interest rate did you get?

 

7% for 36 months on a 60k note zero down and 90 days till first payment due. Lol
My banker is a god hahaha

 

Good for you bro...you should start a thread chronicling your experiences getting your truck and your business going? I know I'd read it.

Good luck man.

 

I don't suppose that's to bad for a first time O/O.

 

I shopped for months and finally got a regular loan with fixed rate. No lease garbage.
I did it with avg credit and 20% cash down for first truck.
So it can be done.

 

Yessir it can. Best advice I've gotten on this matter so far was to just got to my bank. Set down with the bank president of my local small bank, laid out all my financial info and my business plan and bam here I am about to get it all done all with a fico score of 667. But I can't tell you how much work this has been or is about to be, not an easy road at all but definitely do able.

 

I am happy for you Russ!

 

Congrats russ

 

Credit Unions usually do not give commercial loans. But if yours does....great. Make sure you have a business plan to put forward.