Partners in Business

| January 25, 2012

PIB TIP: BASICS FOR A LOAN. You’ll need a budget, a business plan and a cash-flow statement when you apply for a loan. A detailed budget will assure the lender that you can meet the ...

| January 18, 2012

PIB TIP: PREPARE FOR LOANS. When you apply for a loan, be prepared to provide as much information as you can. The more you tell a potential lender about yourself and your operation, the more ...

| January 12, 2012

PIB TIP: SEEK THE BEST LENDERS: Captive lending companies are owned by equipment manufacturers. They often are more willing than banks to lend money to new owner-operators because they are in the business of selling ...

| January 06, 2012

PIB TIP: KNOW YOUR CREDIT RATING. Get a copy of your credit report before you attempt to secure equipment financing. Your credit history could contain wrong or hurtful information that you’ll want to explain to ...

| December 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 ...

| December 22, 2011

PIB TIP: FINANCING YOUR TRUCK. Give yourself plenty of time to shop for a truck and seek favorable financing. Visit dealers and ask questions. Know what risk you present for a potential lender. The good ...

| December 14, 2011

PIB TIP: CHOOSING A TRAILER. Among all owner-operators, trailer ownership brings a $6,000 gain in yearly net income. Even with the additional costs of operating your own trailer, the average added earning potential in flatbed, ...

| December 07, 2011

PIB TIP: CHOOSING A TRAILER. Among all owner-operators, trailer ownership brings a $6,000 gain in yearly net income. Even with the additional costs of operating your own trailer, the average added earning potential in flatbed, ...

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