Accident Disabled Truck Driver Seeks Funding For Independent Business
(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.
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.
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.
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.
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.
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.