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Operating Funding
- Thread starter EARTHWORM
- Start date
Countryboy
Senior Member
- Joined
- Jun 8, 2006
- Messages
- 3,276
- Location
- Georgia
- Occupation
- Load Out Tech. / Heavy Equipment Operator / Locomo
Welcome to HEF EARTHWORM! :drinkup
LowBoy
Senior Member
- Joined
- Nov 23, 2006
- Messages
- 1,149
- Location
- Southern Vt. on the Mass./NH borders
- Occupation
- Owner, Iron Mountain Iron & Equipment (Transport)
When I was in the digging business, I borrowed tons of money to survive the slow times. Looking back on it now, I'd do things a little differently. I'd log onto www.getmoreworkandearnmoremoney.com, and figure on doing a lot less borrowing, and a little more adjusting my lifestyle to adapt to the changes. But, that's just me talking...:IMO
fyi: that's not a real website, just a joke...
BobCatMan
Active Member
petersfamilytru
Well-Known Member
Paid Cash and am thankful for it.
I quit my job in the trucking insurance / safety industry and started my own trucking/excavation company. Everyone thought I was absolutely nuts, but I spent all our savings paying cash for as much of our equipment as possible. We now owe very little and it's a nice position to be in during the winter months. We don't have brand new stuff, but we have a very nice dozer with less than 2000 original hours. That was the one piece of equipment I decided to spend the money for a quality piece of equipment. Check out our website www.petersfamilytrucking.com. See what your think!
I quit my job in the trucking insurance / safety industry and started my own trucking/excavation company. Everyone thought I was absolutely nuts, but I spent all our savings paying cash for as much of our equipment as possible. We now owe very little and it's a nice position to be in during the winter months. We don't have brand new stuff, but we have a very nice dozer with less than 2000 original hours. That was the one piece of equipment I decided to spend the money for a quality piece of equipment. Check out our website www.petersfamilytrucking.com. See what your think!
BobCatMan
Active Member
Woah that's a very nice website,did you design that? Very clean!
petersfamilytru
Well-Known Member
Website...
Yeah, I did it myself... It was remarkably easy to design and get running. The difficult part is keeping it updated with new pictures and information.
Yeah, I did it myself... It was remarkably easy to design and get running. The difficult part is keeping it updated with new pictures and information.
stuvecorp
Senior Member
Nice website, lots of pictures and info. It's cool you do cranberry work, the ninja fruit (from Ocean Spray).
dayexco
Senior Member
unless it's a very short term need...i mean like a week or less on a large receivable...if you need money to operate, that'd scare me
Finance Person
Member
Some of the bigger leasing companies offer working capital programs up to $50,000 application only. It usually requires a 680 Fico score or above and 5 years or more time in business. Banks will usually let you borrow with the same criteria but will usually require you to maintain 20% of what your borrowing in the bank which comes out to a high interest rate if you calculate it.