Verified FBN Member (IA)

Business

Need financing.

Started a new trucking business 2 and a half yrs ago. Haven't made a dime yet but paid 2 employees salaries. Started the business with help from corn and soybean business. Losing equity and now are getting no answers from the local bank.(owns probably 20 other banks in metro areas). Tired of loan officer not answering phone calls. Should I be looking for other banks?

2


Verified FBN Member (ND)

(edited)

Around here the truckers charge whatever the drivers he wage is if they have to wait more then an hour. also they change price based on price of fuel. sucks but I understand they have to make money otherwise they will not be around and we will not be able to get the crop to town. I think most farmers would understand if you have to charge more to make it


Verified FBN Member (MN)

I think you should be doing a few things. I think you need to take a real hard and critical look at the trucking business. I tried it several years ago as a way to retain and pay for employees that I needed on the farm at other times. The problem is that it was very difficult to generate enough revenue with the trucking to make it work. Loads didn't pay enough, wait times for loading and unl...

More

3

Join the Community Forum. It’s Free.

Our FBN ® Community Forum is exclusive to . To become a Verified Farmer, sign up for your free account and gain access to our secure online farming community.