Trusted Freight services llc | Application Preview
Trusted Freight Services LLC is applying for government grants primarily to assist in paying off the remaining balance on their box truck, which costs $74,000, of which they have already provided a $20,000 deposit. The company intends to utilize the funds to alleviate financial pressure while meeting ongoing obligations, such as a $2,500 monthly payment to the financing company and $2,000 for commercial insurance.
The business plan focuses on expanding the fleet with additional box trucks and cargo vans to address the growing need in the transport sector. Trusted Freight aims to hire more drivers and dispatchers to maintain efficient operations, along with securing adequate parking space for the vehicles.
The application highlights the competitive landscape, acknowledging established companies like Penske, Ryder, and Budget. Despite being a new entrant with limited initial funds, Trusted Freight believes that with the necessary support, it can grow sustainably over time. The grant will play a crucial role in helping the business establish a solid foundation for future expansion.
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General Information
Business Registration Number: 202135105940
Location: Columbus, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
The fund most of it is to finance my Box truck I only paid $20,000 for the deposit but it was $74,000 for the cost of it initially. That's why I need a grant mostly to ask as a helping hand to pay the truck off. Because I know in 2-3 year I would have gained enough for more box trucks on my own to employ more drivers.
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Business Plan
I will have more box trucks in business and cargo vans too. Because I see alot of need for these vehicles in the transport sector. And am trying to have more than 2 dispatchers to keep my trucks moving. Find a defined place with the enough parking too. That amount requested basically is to help me move now with no much pressure from the financing company which financed my truck. The company requests a payment of $2,500 and I've got a commercial insurance of $2,000 monthly. Yet the truck itself needs more to be put in like changing all my tires are old to be safe on the road.
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Self Identified Competition
Penske, Ryder and budget are big companies in this business with a number of trucks so reliable in this box truck transportation business. Just am new with little funds in the business but I can't still grow with time.
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Contact Applicant
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