PIB TIP: TRUCK LOAN BASICS: Loans for trucks and o

Dec 30, 2011

PIB TIP: TRUCK LOAN BASICS: Loans for trucks and other secured loans, such as cars or houses, are lowest because assets are backing them up. A bank’s business loan often is around 1 percent a month or 12 percent annually. That’s where the best credit card rates start, but they’re usually much higher, even 20 percent or more for owner-operators with bad credit ratings. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

Third-generation owner-operator's beautifully-rebuilt 1990 Kenworth W900L

After the truck was retired about three years ago, owner Joel Anker had it rebuilt into a show truck. The hard work paid off, with a fifth-place finish in the Limited Mileage -- Bobtail with Miles class at MATS in March.

FMCSA moves on registration-system update

Fog-blind trucker hits concrete barrier: Preventable?

Air lines cut in apparent 'Ice Pick Bandit' attack

Ice Pick Bandit strikes again: Will the feds step in?

Dezl Trucking Headsets 100/200 Series - Life on the road never sounded so good

'Too many scammers out there': Trucker of the Month stays choosy about brokers

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The Business Manual for Owner-Operators

Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.

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