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Accident Disabled Truck Driver Seeks Funding For Independent Business

by James
(Pilger, Nebraska, USA)

I'm 48 years old, male and married. I still have two children at home, ages 12 and 17. Both are honor students.

My 17 year old plans to attend Full Sail University in Winter Park Florida starting next summer when he graduates high school.

My 12 year old is very interested in joining the Air Force to become a fighter pilot.

I myself was an owner-operator truck driver.

Disability Issues

I was involved in a automotive accident March 9, 2010. It was my personal truck and trailer that was destroyed in the accident.

I sustained injuries to my spine. Surgery was performed in 2011 fusing part of my spine together.

I currently am on full disability with Social Security.

Since the surgery my doctors have allowed me to return to work with the stipulation of no bending, twisting or heavy lifting.

Financial Hardship

Due to the length of time for my recovery I have no funding to be able to purchase new equipment to replace the equipment I lost in the accident.

The only debt that I currently have is a tax debt that I would be able to pay upon returning to work.

I have applied for employment with all posted ads in the newspaper and Nebraska Workforce Development that meet my specific medical condition and have not been able to gain employment.

Most prospective employers tell me that either I do not meet the educational requirements or that their insurance carrier will not allow them to hire.

Earning Efforts

I tried to get small business loans and equipment loans but I keep getting turned away because my credit score has became so low.

At the onset of my dilemma I turned my outstanding debts over to a debt consolidation company. This is why I currently have no debt and my credit score is so low.

I tried to go back to college to learn a new job skill, but because I was going back and forth from different medical procedures I was unable to finish up the program.

I was not aware of the procedures to drop classes at the college and I am now unable to get funding to return to college.

Specific Needs

I would like to find funding or grants to make equipment purchases to another truck and trailer.

The truck would cost about $150,000. The trailer would cost about $60,000.

I would also need working capital of about $40,000, as a lot of companies do not pay for loads hauled for as much as six months from time of haul.

Business Ideas

This would be a truck-for-hire business. It would generate monthly revenues at or around $16,000. It will take about 40% of said revenue for fuel, road use tax and general maintenance.

After the upkeep is taken out the US Treasury gets 1/3 of the net revenue. Then all other bills would be paid from the remainder.

I would be hauling boxed meat from Nebraska and Iowa to California and bringing produce back to Nebraska and Iowa.

Comments for Accident Disabled Truck Driver Seeks Funding For Independent Business

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Oct 11, 2012
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Turnips
by: Ken

Hi James,

I did not ever think that a turnip would amount to $600K. Who are you kidding? Let's get real. What are you looking for? I am sorry, but I can't see you trying very hard to settle your own problems.

Ken

Oct 11, 2012
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Still need work
by: James

Hi All

I did get lawyers. All the different law suits that were filed were awarded in my favor. But it is impossible to squeeze blood from a turnip. All of the money that I received paid for surgeries and lawyer's fees. The little amount that was left paid off some outstanding debts that I had. Plus some will pay for my 17 year old's trip to start college in Florida.

Sincerely,
James

Oct 11, 2012
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Then what is wrong?
by: Ken

Hi James,

Did you not have a lawyer? I am sorry, but I don't understand any of this. He gets $600K and you get nothing. Get some sort of advice. If you know what he got and you got nothing, you need help! Call a lawyer.

Ken

Oct 11, 2012
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Work Needy in Nebraska
by: Anonymous

Hi All

Just an afterthought... I needed to clarify one thing. I was not at fault for the accident. A drunk driver came across the center line of the highway and front ended me. As far as I know the drunk driver is okay, other than he lost his license for 15 years and received about $600K in restitution. I have no points against my license. The last time I got any points against my license was in 2006 for illegally parking on a on ramp. The last speeding ticket was in 2001. My license is not the problem but rather my medical condition. This does not mean that I cannot work; it just means that I'm very limited.

James

Oct 11, 2012
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Getting the shaft in Nebraska
by: Ken

Hi James,

It's terrible what they decide to do if you are in an accident and a professional driver. But they do look at you differently. Perhaps you can get your driving record removed. Please look at this site for some of your legal rights:

http://dol.nebraska.gov/

Hope this helps,
Ken

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