How to Get Grants for Starting a Trucking Business
Obtaining a grant for a trucking business requires creativity. Intending to promote a social, research or technology advancement goal, grants typically require molding of your initial business concept to meet the grant purpose. Committing to using only alternative fuel trucks may be necessary to ensure that the business is eligible for environmental grants. Grants may pay for both you and your staff's commercial heavy-duty vehicle driver's license, purchase of your trucks, registration for trade shows to promote your new business, and salaries for staff.
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Instructions
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Use the U.S. government's website for federal grants to locate requests for proposals (see References). Click on the "advanced search" tool and limit the search by clicking on "grant" under the "Funding Instrument Type" menu. Select both the "individual" and "small businesses" options under the "Search by Eligibility" menu. Choose "business and commerce," "transportation" and "agriculture" under the "Search by Funding Activity Category." Print the resulting RFPs.
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Print the RFPs from the U.S. Small Business Administration website for the Small Business Innovation Research and Small Business Technology Transfer programs, which provide grants supporting research and innovation development.
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Contact your local supplier development council for grant funding applications to attend procurement conventions and local trade shows.
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Contact your local air district for RFPs to purchase alternative fuel, hydraulic hybrid, or clean technology heavy-duty trucks.
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Create a printed summary of 50 words or less for each RFP.
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Write a five-page business plan that includes total funding required to start the business, total funding currently available, total funding needed from grants and other sources, estimated operating expenses, service area for the business, market (long-haul trucking or short-haul trucking), total employees needed in the first year, method for obtaining business and goals for the trucking business related to the purpose of the RFPs.
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Write a proposal for all RFPs for which you were able to develop a reasonable business plan. Follow the directions on the RFP for formatting. The business plan you wrote contains the information needed for the proposal.
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Tips & Warnings
Call your local truck dealer; many work with granting agencies and will write grants for vehicles for you.
References
Resources
- Photo Credit Cement trucks 3 image by beverly from Fotolia.com
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Comments
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I wish you luck homie.
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Hey Homie you guys are still young travel go see the world 48 states plus Canada
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Not to break your heart Homie I hope you can do it just becarful before you sign anything read there contract very good and plan to spend a lot of time over the road teach Julie to drive
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You need to work with a Company that help you buy your truck one thing to think about as an owner operate. That truck need to move 24/7 you'll be responsible for everthing tire, fuel and break down repairs and so on
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Ive been a commercial truck driver for 2plus yrs, and Ive come to the conclusion that in order for me to really make some decent money is to become an owner operator.I know there's grants out there but I just don't know where to look.Making bup a proposal once Ive done my research is no problem, I just need to be pointed in the right direction.
