| Yes, lenders are actually lending money for truckers to | | | | create a better life for you and your family. |
| get themselves a truck. It's getting tougher though. | | | | Here is one way that has enabled many new truckers |
| Have you tried and weren't able to do it? Don't give up | | | | to secure financing for their trucks to start their new |
| because there are options. | | | | business. Buy a truck from bank inventory. That's right, |
| Obviously, if you have good credit (675 or higher with | | | | if you make a slight concession & buy a bank |
| no major derogatory items), a 2-3 year + track record | | | | owned truck, then some banks make financing |
| of being in business, and decent financials, then | | | | concessions to you and will lend you money to get |
| securing credit to get a truck should be pretty easy. | | | | your truck even if:o Your Trans Union credit score is |
| You'll have more choices in terms of where you can | | | | as low as 600 & if you've had a recent |
| get funding. | | | | bankruptcy.o You're a brand new business.o You don't |
| If you are starting a new business and have lower | | | | have a down payment (normally just one payment |
| credit scores, it's going to be tougher. This is the sector | | | | due up-front). |
| of trucking that lenders are really beginning to shy | | | | If you've always wanted to start a trucking company, |
| away from. IF YOU are willing to be a little more | | | | you can still do it. If you're willing to make concessions |
| flexible, your dream of starting your own trucking | | | | and drive a bank owned truck, you may be able to get |
| & hauling company may not be dead. You can still | | | | funding to get you and your business on the road. |