Credit??

Discussion in 'Starting a Lawn Care Business' started by Wayne Landscaping, Jul 11, 2006.

  1. Wayne Landscaping

    Wayne Landscaping LawnSite Member
    Posts: 237

    i need to know from ur guyzes experience if when u set up a s corp., how much lets say...dodge would give me on a truck, i have no or little credit, cause im 18, and when i incorporate, i want a 3500 with a cummins...new...and was wondering if they gave credit to start up companies. thanks
     
  2. J&R Landscaping

    J&R Landscaping LawnSite Fanatic
    Posts: 5,096

    Why do you need a truck like that brand new? I'd look around for a used one or find one to suffice for now. Thats a lot of debt for a start-up company and that's a lot of grass to cut to make the payments, cover insureance and maintance! JMO

    Hell, I'd love one but it just aint practical,,,,,yet!!!!!
     
  3. Birdhunter1

    Birdhunter1 LawnSite Senior Member
    Posts: 312

    Unless you have the ultimate trick up your sleeve for business startup I wouldn't even consider buying a $40,000+ truck.

    I know guys who've been doing concrete work for years, have been doing very well at it and ehwn they started their own business they still couldn't afford a truck like that.

    Not saying you're stupid as you've got to have a dream, but you got to be practical.
     
  4. Wayne Landscaping

    Wayne Landscaping LawnSite Member
    Posts: 237

    i hear ya guys, but this decision is above me, my question is will dodge credit give a start up credit financing, not is it the right route. thanks
     
  5. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    Um, just go apply, and find out...
     
  6. Wayne Landscaping

    Wayne Landscaping LawnSite Member
    Posts: 237

    i will, i just want to know what u guys think the likelihood is
     
  7. Brianslawn

    Brianslawn LawnSite Silver Member
    Posts: 2,004

    let the kid buy the truck. ill give him $1000 for it this winter when he goes broke.
     
  8. HOOLIE

    HOOLIE LawnSite Gold Member
    Posts: 3,981

    Some bank somewhere out there will give you credit...you'll likely pay out the wazoo for it but there's a bank out there for you.

    Noticed you said you "want" that truck, not that you "need" that truck. Big difference.
     
  9. PMLAWN

    PMLAWN LawnSite Gold Member
    Posts: 3,535

    NO, Nobody will give YOUR company any money.
    You may find someone that will give you money (but I doubt it will be Dodge) but only as a personal loan.
    I believe you will have a hard time getting funded for this truck, Try a co-signer
     
  10. Wayne Landscaping

    Wayne Landscaping LawnSite Member
    Posts: 237

    what about the sba, will ford give me a loan for like 37, remember...this is a company, i thought companies have an easier time of getting credit.
     

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