PIB tip: Prepare for loans
When you apply for a loan, be prepared to provide as much information as you can. You’ll need a budget, a business plan and a cash-flow statement when you apply for a loan. Be prepared to list credit references, even if you don’t have a perfect credit history. Include present and past creditors. Show the lender that you are a business owner first and an operator second.
The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. It is sponsored by Ryder and Goodyear. The next Partners in Business seminars will be Aug. 22 and Aug. 23 at the Great American Trucking Show in Dallas.
"There probably should be some minimum standards. But as long as the ...