I've been running on the road for 8 years now. Most of my experience is in auto transport w/ some flatbed. I have been working for o/o's that seem to be already in the whole when I get to them and never have enough umf to help get them out to better myself.
I currently am running a hotshot auto unit and looking to buy my own truck. My problem is that my credit sucks ..........
I'm pretty sure I know all the answer that you guys are going to post here to me, but thought I would take a stab at any o/o's that know something that I don't.
Is there ANY WAY to get a small personal/business loan for $40,000-$50,000 to start this venture? I have started 2 business's by myself for other guys so I know what it takes and the steps involved. I know and understand how to run a profitable company and to actually make a good living with 1 or 2 trucks. Despite what you hear from some drivers and o/o's that don't monitor EVERY penny the business, there is still money to be made. Your not however going to get rich by driving a truck, this I totally understand.
I've always been able to be put in a truck and go out and make money. I know what its like to not sleep and cross the country in 3 days, and I ALSO know what its like sitting in tha tbox for 3 days praying for the next load outa of town/region to pop up. I take the good with the bad at all times and in the long run.........the road might take some detours and you might hit some gravel, but in the end........you always seem to get home safe. *if ya get me*.
I guess my biggest concern/question/wonder is where to look for someone to invest or help finance my start up. ARE there any options at all for me? I'm 28 and don't own a home. I have no collateral to offer, just my experience and drive to own a truck for myself one day. I have proven myself to MANY people in the last 9 years of commercial driving, but always seem to get hooked up w/ the wrong people when it comes to leasing, or taking payments over.
I'm not looking for something flashy or hip, but something reliable and trustworthy. I'm hoping to start w/ a FL Century in the $20,000 range and get a 4 car Sun Country or Wally Mo to start with. I have monitored fuel, taxes, and costs the last 4 years and know exactly what I have to make to be profitable for the company and myself.
I honestly think my goals are realalistc, I'm just lacking the ladder to reach the top self..........
I do have a simple business plan put together along with a spread**** of cost's. I can adjust it for whomever wants to view, and adjust pricing/income for various types of setups........Believe it or not....I have done my math...just lack the funding.
Any O/O's or small company owners have any advice for me that would put me at the helm of my own in 1-6 months? I know that is ALOT to ask for being in the spot that I am, but I'm hoping someone knows an edge better then me,
I would love to considering leasing a truck from an o/o that is retiring or selling, but is willing to work with someone that will prove himself time and time again. Or I'm also willing to speak with ANYone that has an interest in being an "investor" or a bank for me.. $40,000 would get me started and would could be paid back in 24mnths........unless it was stretched out..........
Sorry for writing such a novel in here, but I would like some honest opinions.........and honestly.....for the ones that want to take the time and tell me that the economy is horrible and now isn't the time...........please don't. I'm here with all you guys doing what I do and I am 100% intune to what it takes.
Thanks,
Chop



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Theres 1 for ya, lol. I completely understand the up/downs, and good/bads of this industry. I very much can take as much as I dish out, as we all should be able to. It just came across a bit harsh.....and well....I was bored, so....I'm sure everyone is getting a kick out of this thread starting to take light, lol.
