Limitless carriers | Application Preview
Limitless Carriers is seeking a grant of $700,000 to enhance its operations and growth potential in the logistics and trucking sector. The funding will primarily be used to bring factoring in-house, eliminating the 3.5% fees charged by their current factoring company, eCapital. This change is crucial for maintaining profit margins in a competitive market. Additionally, the grant would allow the company to purchase its own chassis instead of leasing, and acquire land to reduce monthly parking expenses of $30,000, both of which would contribute to cost savings and operational efficiency.
The business plan focuses on expanding the sales team to secure better business opportunities, leveraging their assets as a logistics provider across the country. Limitless Carriers prides itself on an effective system for recruiting and retaining drivers, as well as a well-organized team in dispatch, billing, and account management. They aim to maintain their existing structure while continuously hiring talented individuals to strengthen and expand the business.
The company highlights its deep understanding of the logistics and trucking industry as a reason for funding approval. They believe they are positioned for growth and just need financial support to reach their potential. They recognize competition from larger firms like J.B. Hunt and Swift, but assert that changes in the industry will create opportunities for them.
In terms of competitive advantage, Limitless Carriers is proactively adopting AI technology to enhance driver training and operational efficiency, preparing for a future where these advancements will be essential.
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General Information
Business Registration Number: 0450548905
Location: Piscataway, NJ, United States
Length of Operation: 1-5
Number of Employees: 11-25 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
Hello see below $700,000 I use a factoring company called ecapital. They charge me 3.5% percent and pay me for my loads quicker than waiting 30 days. So that 3.5% I rather do my own factoring and not loose my profit of the loads that is a crucial percentage in the tight market. I could also buy my own chassis(Chassis is where containers are placed when trucks go in the port to pick up or drop off) and not lease them as thats a hefty bill every month. Last but not lease I can use it to buy a peace of land to not have to pay $30,000 a month for space to park my equipment. I can for sure keep growing and create more jobs if I had this benefits to my company.
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Business Plan
Hello, I will hire more talented sales team to go out and land good business. We are an asset carrier and logistics provider and its big help as we can expand throughout the whole country as we have. We have an amazing system to recruit drivers and keep them happy. We also have a great team in the office of dispatcher billing and account managers. I will keep the same structure to keep growing and hiring more talented people to make the operation bigger and stronger. Please see below. We are a company that knows and understands logistics and trucking like no other. We are hubry to grow and have everything in place for the lift off just need the fuel to take us there.
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Self Identified Competition
Jbhunt Swift Evans group All companies that do the same as me in a bigger scale that will soon be broken because everything is changing. We know AI is the future of everything and we are making sure we tsking every step with driver training to make it to the other side in the future.
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Contact Applicant
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