| Business Plan Trucking 2019 Edition: Apply For A Government Funded SBA-Loan Contributor(s): Lessing, J. W. (Author) |
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ISBN: 1731521626 ISBN-13: 9781731521620 Publisher: Independently Published OUR PRICE: $28.45 Product Type: Paperback Published: November 2018 |
| Additional Information |
| BISAC Categories: - Transportation | Automotive - Driver Education |
| Physical Information: 0.12" H x 7.01" W x 10" (0.29 lbs) 48 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Why do I need a business plan?Because you can apply for a government-funded loan (SBA loan) instead of a conventionalloan. The interest rate for a government-funded loan is the current prime rate plus 1.75 to6.5 points depending on your credit history and the loan can be granted for up to fifteenyears. The interest rate for a conventional loan is up to 4% higher than for an SBA loan andthe length of a conventional loan is on average only up to five years. Even if your credithistory is not perfect, you have a much better chance to get approved for an SBA loan thanfor a conventional loan. Your chances of approval will also increase if you are a member of aminority group such African American, Native American, Hispanic American, an AsianAmerican, or if you plan to start or expand a woman-owned-business. |