JMP Trucking LLC | Application Preview
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General Information
Business Registration Number: 84-2250751
Location: Madras, OR, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
Funding would be used to purchase a trailer and replenish the maintenance fund.
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Business Plan
The growth plan is tto obtain full owner/operator authority to eliminate loss to leasing to other companies (currently 25% of loads). Additionally the purchase of a trailer to eliminate the rental fees. Once full authority is achieved the goal is to obtain shipping contracts directly with companies. I have been working in the trucking industry for the majority of the last 26 years so I have the experience to make this business work. I have been trying to get this business up and solvent since January of 2020. I was not prepared for the rapid change in fuel prices and inflation that started in that first year, but that has not stopped my resolve to get this business going. It has just increased the financial burden to accomplish my goals. The trucking industry has been hit pretty hard in the last 4 years, but this industry is more essential than ever given the increased rated of e-commerce. I belive in my ability to make this venture successful as I am a very hardworking and determined individual. This help would just help ease the burden the recession has put on my business that I had not planned for.
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Self Identified Competition
It would be hard to name just 3 competitors due to nature of the trucking business. I compete with other owner/operators for individual loads at this point in time. The goal is to eventually have full authority ad obtain contracts to get out of this sector of the industry because of a large influx of immigrants willing to undercut prices it has gotten more difficult to find profitable loads and generated more competition for loads not contracted to individual companies. My drive to complete contracted loads in as timely a manner as is safely possible is my biggest strength. My business strives for 100% satisfaction to my customers in all areas. I treat each contract with respect and responsibility.
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Contact Applicant
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