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Financing a semi truck can help ease the startup costs as an owner-operator. And the good news is that semi-truck financing can be easier to secure than other business loans if you’re a new ...
An owner-operator is a small business or microbusiness owner who also runs the day-to-day operations of the company. Owner-operators are found in many business models and franchising companies in many different industries like restaurant chains , health care , logistics , maintenance, repair, and operations .
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi".. The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
Lender. Min. credit score. Details. Bank of America. Not disclosed, but 700 for most Bank of America business loans. Loan amounts from $25,000. Terms up to 5 years
Some common uses for semi-truck financing include: Purchasing a new or used truck with the potential to avoid a down payment through 100% financing. Assistance with repairs or updates. Engine ...
The Owner-Operator Independent Drivers Association (OOIDA), a group that represents independent trucking owner-operators, has been a key force behind the new regulations. While the final rules in MAP-21 fell short of the OOIDA's wishes, Todd Spencer, executive vice president of the organization, praised them as a "win-win" for truckers and ...