Bo Shin Truck Service LLC | Application Preview
Bo Shin Truck Service LLC is seeking government grants to help cover the down payment for a FreightLiner Truck, totaling $100,000, along with necessary insurance, permits, and licenses. The business aims to capitalize on opportunities in the U.S. market to achieve financial stability, while maintaining a partnership with Schneider Trucking.
The company's revenue strategy includes diverse areas of the trucking industry such as moving supplies, local and long-distance transport, heavy and construction equipment, agricultural products, and hazardous materials.
The applicant emphasizes his qualifications as an Army Veteran with five years of active duty experience and current employment as a professional truck driver with Schneider Trucking. His background in operating various vehicles and his entrepreneurial passion position him as a strong candidate for funding.
The competition in the trucking industry is minimal, as it accounts for a significant portion of freight movement. The applicant notes that while alternatives like trains, aircraft, and ships exist, trucks are still essential for final product delivery.
His competitive advantage lies in his extensive experience and interpersonal skills, which he believes will be key in establishing a successful and thriving business.
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General Information
Business Registration Number: 803057342
Location: South Bend, IN, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
The usage of the funds with go toward a down payment for a FreightLiner Truck ($100,000 total), as well as insurance, permits and license.
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Business Plan
Bo Shin® Truck Service LLC. will ensure that we leverage on our strength and the opportunities available to us in the U.S. market to generate enough income that will help us drive the business to stability. As well as continued work with Schneider Trucking. We will go all the way to explore every available source of income in the trucking industry. Below are the sources we intend exploring to generate increased income for Bo Shin® Truck Service LLC.; Moving supplies Local and long distance movement Heavy duty equipment movement Construction equipment movement Agricultural equipment movement Movement of oil and gas products Movement of Hazardous Materials I am an Army Veteran with 5 years of active duty who currently works for Schneider Trucking as a professional truck driver with a CDL and Hazmat endorsements. During my active duty, I operated tankers, flat-beds and other such military vehicles. I have a passion for entrepreneurship and want to start my own contracted trucking business. I think my experience and drive alone make my business a great place to invest and back a winning business.
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Self Identified Competition
Luckily, I my business field I will not run into a lot of competition. The trucking industry is responsible for the majority of freight movement over land, and they are a major stakeholder in the manufacturing, transportation, and warehousing industries in the United States of America and in other parts of the world. This all comes down to the fact that I will always have products to move and a long list of clients. If I did have to list 3 competitors, I would say "Trains, Aircrafts and Ships". These are the other forms of mass transportation, though most still require trucks to deliver the products to their locations. I have years of experience in my field and great people skills. I know what it takes to get my business up and striving.
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Contact Applicant
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