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Small business start-up...

start-up started this conversation

I am a self-employed contractor, since 1990. I have many years experience operating bulldozers and backhoes, for excavating and demolition work. I now am at the age where I realized that I can purchase the equipment instead of renting it. I found a used equipment dealer in Dallas, that will sell me $130,000.00 worth of equipment for $70,000.00 if I buy a Dump Truck, Backhoe,Trailer and Bobcat Loader all at once.
       I have potential deals with local builders and Contractors to do work for them at the rate of $125.00/HR..
          This would enable me to repay a loan in a timely manner. My problem is that when I was a Teenager, I destroyed my credit rating, thus have been doing cash transactions my entire life. I now have a 7 Mo. old son, and am trying to build a scholarship fund for him so he won't have to struggle like I did.

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