Major Decision

I agree with Craneguy1, you could buy the chassis and maybe even the grapplesaw and then finance the rest. Might be the way to go, but it would prolong the process.
I think as more and more of these units are built banks will become more familiar with them and will offer up the money with far less issues.
 
Well one issue is with several companies they won't finance the build if I provide the cassis free and clear. The want the lien on the entire unit not just the boom. The won't fidnance a part of the truck. Either they can repo all of it or none of it. Volvo may be a consideration as the chassis I'm looking at is a Volvo. Also the truck dealer is
 
Most banks will want to see that you have a way to pay for this large of a purchase. A new business with no revenue seems like a very very high risk for most banks.

Not sure that it will be impossible but expect a very high rate if someone wants to take a risk on you. There are some brokers who specialize on higher risk loans.
 
Steve, some food for thought. Say the grapple saw bombs out. You have 100k to invest and we all want to see you get away from being ... we'll say "used" by another employer. You don't want employees .... understandable and I agree. You can easily get a rear mounted 75' elevator bucket with your finances, and follow the same road. Even step it up a bit more for a stick crane possibly? Anyway, I still think you'll have better luck through JoAnn at North Atlantic. They do work with start up businesses.
 
Wanting a Mek and settling for a lift/bucket is like wanting to be a college graduate but settling for a GED.


If you had enough equity in your house, you could refinance it and use that money plus your $100k to buy it free and clear (or clear enough to finance the chassis, which should be easier). They'd still take the whole truck.
 
Steve Connally said:
I may try her this week. I don't know how i'd fare with a bucket. I'd rather go with a tall compact lift. I don't think I could sell a bucket rental to most companies
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You're right. It would be scant selling a bucket rental. Everyone has one. Get something not many have if you could.
 
What are the tree bylaws like where you live? I'm curious because everyone says how many removals they do with a treemek in a day, etc. Here, you have to get a permit to remove at least 90% of the trees, and plant replacements. While removals do happen, it seems to be a little less common.
 
Ryan Keats said:
What are the tree bylaws like where you live? I'm curious because everyone says how many removals they do with a treemek in a day, etc. Here, you have to get a permit to remove at least 90% of the trees, and plant replacements. While removals do happen, it seems to be a little less common.
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That is interesting. I've read similar stories about England. Maybe so because the legal systems are similar, possibly? Thanks.

Tim
 
I assume it is because I live in Vancouver, a large city which wants to be green. For example, the city of Vancouver won't let a single tree be removed without a permit. You even have to notify them if it is dead. Other cities throughout Metro Vancouver may allow one removal per year without a permit, but again, it depends on the city. I don't know if more and more cities in the US are going to start adopting that policy or not. Something to consider.
 
TimBr said:
That is interesting. I've read similar stories about England. Maybe so because the legal systems are similar, possibly? Thanks.

Tim
Click to expand...

In England we have TPO ( preservation orders) that the councils will put on certain trees that are considered important to the area , we have to put application in to do any work on these trees , some areas have loads of tpo's some none at all ... you generally can tell areas & trees that need checking ... the responsibilities for mistakes/ unauthorised work goes to the arborist ... & we have conservation areas where all trees are covered ...


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Around here most removals need permits and most large trees they will deny a permit unless there are major issues with the structure
 
The deal is dead. None of the finance companies will fund me. 100k down cash and can't make the deal. Perfect credit. The only reason is being a start up biz. They tried to use the tax id from Arborcare but the state purged my records so they can't. I'm really disappointed. My fellow climber got fired and OD'd in the back seat of the chip truck friday. They couldn't wake him up. They he called in today and got fired. Shouldn't he have been fired friday? So back to my regular life and the daily bullshit I put up with. The dreamkillers shut off the light at the end of the tunnel. Dreaming is dangerous. Back to my daily pessimism and survival mode at work. Someday when I grow up I wanna work for a real tree service.
 
Steve Connally said:
The deal is dead. None of the finance companies will fund me. 100k down cash and can't make the deal. Perfect credit. The only reason is being a start up biz. They tried to use the tax id from Arborcare but the state purged my records so they can't. I'm really disappointed. My fellow climber got fired and OD'd in the back seat of the chip truck friday. They couldn't wake him up. They he called in today and got fired. Shouldn't he have been fired friday? So back to my regular life and the daily bullshit I put up with. The dreamkillers shut off the light at the end of the tunnel. Dreaming is dangerous. Back to my daily pessimism and survival mode at work. Someday when I grow up I wanna work for a real tree service.
Click to expand...

Bummer dude. Don't say goodbye to the dream yet. Maybe in the future.
 
x2 on what Gorman said. You could still pursue crane op certification. I know you've looked at all the angles, but maybe there's a way to back into a treemek by starting with cheaper truck mounted crane and building operator experience, clientele, non-startup biz status? Either way, next time you are around mouth of the Patuxent River checking on eagles beers are on me at Ruddy Duck in Solomons Island.
 
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