Government grants for truck drivers sound unusual but as unusual as it sounds, it is provided for real and many truck drivers have been benefitted through these grants. Government grants for truck drivers are grants that not only help the truckers set up their own businesses but these grants can help in various other ways. There are other government grants too that happen to benefit a trucker and one of these grants is government grants to buy a truck. One can also apply for grants to start a trucking business if he/she is interested in being his/her own boss.
What are Government Grants For Truck Drivers?
As mentioned above, government grants for truck drivers are grants that are provided to truckers who intend to set up their businesses. One needs proper education and knowledge about how to run a business and for that he/she needs to get into a school to gain knowledge. Not only knowledge but finance is also equally important to start and run a business. But being a truck driver income is a major issue that hinders the development. For such financially deprived truckers, there are these government grants which help them to progress.
- Education Loans and Grants:
Getting knowledge about starting a business is necessary and to obtain that knowledge one needs to enroll themselves in a business school. For truckers who cannot afford to pay the fees of the business school, there are provisions with which they can study for free. Government grants for truck drivers include education loans with which a trucker can get himself enrolled in a business school.
After getting knowledge about the business one needs to get a valid driver’s license for the vehicle and for that you need to contact a Truck Driving School. You can get financial aid from the financial aid department of the respective Driving School. You can also get government grants for truck drivers which includes federal grants, Pell grants, and many others.
One can also get CDL grants by filling out a FAFSA form. CDL grants are Driving license grants one can get from the government under the government grants for truck drivers program. It would enable a truck driver to get through training school easily.
- Trucker-specific grants:
Trucker-specific grants are those government grants for truck drivers that help the truckers with a specific cause. Mostly, they are provided with these trucker-specific grants to keep the environment greener and pollution-free. The National Clean Diesel Campaign was also a part of the environment drive introduced by the government. These grants help truckers to reduce emissions by providing them with different measures of control. Mostly these grants help with the maintenance of the parts of the truck and not the servicing of the entire truck.
- Pell Grants:
Pell grants are awarded to those students who attend classes at an accredited institution. These grants are funded by the Federal Government. Truckers can get benefits from these grants as well. One needs to enroll in a truck driving school to get a valid driver’s license. But fees to enter and study there can be pocket burning. The solution to this problem is Pell grants. A truck driver can apply for these government grants for truck drivers and pass through their driving school without worrying about paying the fees.
How to Get Government Grants to Buy a Truck?
If one is interested in automobiles and especially trucks then he/she has got two options. One is to work for a company as a truck diver while the other is to buy a truck and start your own company. If you are interested in the second option but don’t have enough money to buy a truck then you can apply for government grants to buy a truck.
These grants help truckers to buy a truck of their choice and maintain it. Some of them help with only the buying of the truck while others may help you with insurance and maintenance for the first few months a well. You can check for the specifications while searching for these grants. These grants are provided by the federal and state government. The Transportation Community also plays a major role in helping the poor truckers.
Some charities might also provide help with grants to buy trucks. They work in collaboration with the government bodies and provide government grants to buy a truck. These grants are provided to those truckers who possess a valid driver’s license and a permit to drive the vehicle in the entire country.
Charities like Saint Vincent de Paul and Goodwill might not be able to help you with a free truck but they surely can provide financial assistance to buy one. These organizations work in collaboration with the government and thus these grants provided by the are tired as government grants to buy a truck.
In collaboration with the California Pollution Control Financing Authority, the California Air Resources Board, popularly known as CARB provides government grants to buy a truck. It helps those truckers who have been at loss due to the new Truck and Bus Regulations. Implemented b the state of California, CARB provides financial assistance to those truckers who due to some reason were not eligible for the regular truck loans. These government grants for truck drivers are provided to those truckers who have bad credit or due to some other reason they have been declared ineligible for the regular loans.
One can apply grants for truck drivers to CalCap’s CARB program by simply contacting CalCap’s lenders and filling an application form. Truckers might also be needed to work with their preferred dealers to coordinate assistance through participating in CalCap Lenders. One can use these grants provided to you for either buying a new truck or paying the downpayment for the truck that they have purchased on loan from the bank or other resources.
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Where to get grants to start a trucking company?
Nothing is better than being your boss. You can also become your boss by starting your own trucking company. Starting a new business needs lots of finance. For someone who isn’t capable of holding so much money, there are grants to start a trucking company. These grants help and support budding businessmen by helping them with these grants and loans.
- The U.S. Small Business Administration:
The U.S. Small Business Administration or popularly known as SBA provides grants to start a trucking company to those budding businessmen who show real talent and skill to run a business like this. It works with the government bodies that handle grants and loans department. Financing trucking companies is handled by this wing of the government.
The SBA ensures that small businesses and new businesses don’t die out due to the lack of financial resources. It promises to aid such small and rookie businessmen who have just started with their businesses. There are various ways in which the SBA helps new businessmen.
It not only provides government grants for truck drivers but for those who wish to start a new trucking business knowledge is also imparted. The SBA 8(a) Business Development Program helps the new businessmen by mentoring them and counseling them regarding the business for free. The SBA does have a variety of grants to start a trucking company.
The SBA 7(a) provides opportunities to truckers starting a new business by providing them government grants to buy a truck and it also provides them with financial aid to run the business under the title of grants to start a trucking company.
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- Supplier Development Council:
A supplier Development Council and an SBA are two agencies that are present in every state so it gets easier for truckers to get grants to start a trucking company. Though Supplier Development Council may not directly provide you grants to start a trucking company, yet there are ways through which one can get grants to start a trucking company indirectly from the SDCs.
An SDC is funded by the U.S. Department of Commerce and SBA. These funds can be further used by these SDCs to help needy truckers with grants to start a trucking company.
- Become a Government Contractor:
Working with the government can provide you with such benefits you would have never thought about. One of these benefits includes getting government grants for truck drivers. If one starts to work with the government as a government contactor he might even get grants to start a trucking company of his own. This way both the parties are at a benefit. The government can extract their work at lower costs while the budding businessmen can strengthen their business by getting grants from the government.
Various government grants for truck drivers have benefitted hundreds of truckers annually. Many truckers apply for these government grants to buy a truck and are now successfully generating a handsome income from it. The grants to start a trucking company have allowed so many truckers to get independent and start their own trucking company. If you are a trucker and need financial help you can contact these agencies to get assistance with your issue.
Frequently Asked Questions
Is there a stimulus for truck drivers?
Yes, there is a stimulus for truck drivers. It is a new easily refundable tax credit that I up to $7,500 for the truck holder who holds a valid class and who drives a truck for at least 1,900 hours per year.
How do I get funding to start a trucking business?
There are many grants and assistance programs to open a trucking business. USDA is the best program for opening any kind of business.
How can I start a trucking business with no money?
If you have no money, but still want to open a business like a trucking business then you could qualify for several grants and scholarships from government and non-profit organizations.
What does having your own authority in trucking mean?
In trucking, having your own authority means having government permission of getting paid for moving payload as your own trucking company.