Express Lane Trucking | Application Preview
Express Lane Trucking is seeking government grants to support key operational expenses. The funding will be allocated towards truck maintenance, loan repayment, fuel costs, and driver salaries.
The business plan outlines a strategy to first pay off an existing truck and leverage profits to acquire additional trucks. The goal is to purchase two trucks within the first year and then one truck annually for five years, steadily expanding the fleet.
The applicant brings significant experience from a background in transportation, particularly through years of service at Walmart. This experience will be instrumental in establishing the business, motivated by the desire to provide for a young family.
Express Lane Trucking faces competition from major trucking companies, other small businesses, and local transportation providers. However, the competitive edge lies in a strong work ethic and a commitment to earning the trust of clients as a new entrant in the market. Existing industry contacts will also facilitate quicker income generation for the business.
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General Information
Business Registration Number: 88-3446761
Location: Royse City, TX, 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: YES
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Funding Usage
Continued maintenance on truck, help payoff loan, operating expense, fuel, and driver pay.
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Business Plan
After paying off 1st truck and saving profits from income I then plan to buy another truck in full or with a down payment to build my fleet. My goal is to purchase 2 trucks in the first year and 1 truck every year up to year 5. I am well versed and have experience in the transportation field from years of service at Walmart and other work experiences. I'm taking my current skill set and am now applying it to building my own business. I have a young family that are true motivation for me to get this in order and profitable.
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Self Identified Competition
1. Major trucking companies 2. Other small business trucking companies 3. Local transportation companies Having a prove it mentality with companies whose freight I will run. I have to earn their business and trust being the new company on the block while other companies might not have the same mentality with me. I also have contacts in this field from my previous worklife to have the truck start to generate income faster.
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Contact Applicant
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