Food Trailers & Trucks Financing

HOW TO FINANCE A FOOD TRAILER

We partner up with companies to offer financing help. They can provide your company with a flexible finance solution with competitive rates, while providing you with personalized customer service.

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How to Finance a Food Trailer

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Determine Your Budget

Before you start looking at financing options, you need to know how much money you need to borrow. Take the time to create a detailed budget that includes all of the costs associated with starting and running your food truck business, such as the cost of the truck, equipment, licenses, and permits.

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Research Your Financing Options

We recognize that each business is unique, so we offer tailored financing options and can also work with your own bank or finance company. We’ll support you through the approval process.

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Gather Your Documents

To apply for financing, you’ll need to provide various documents, including proof of income, your credit score, and business or personal bank statements. Additional documentation may be requested during the application process

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Choose Your Truck and Equipment

One of the advantages of working with Golden State Trailer is our expert equipment selection and installation based on customer needs. We have a wide range of food truck models and customization options to choose from, and we’ll work with you to make sure your truck meets your specific needs and budget. We also offer thorough final inspection and product demo to ensure your complete satisfaction.

Loan Details and Requirements

Loan Amount: Up to $200,000
Industry Experience: Minimum 1 year food industry experience
Payment Plan Terms: Up to 72 Months
Interest Rates: Standard rates range from 13.5% – 16%, Varying based on credit score

Applicant Eligibility

Locations: Must be based in California, Arizona, Florida, Georgia, New York, Texas, Utah
Ownership: At Least 51% of the business ownership must be part of the loan
Credit History: Minimum Fico Score of 600.
Financial Stability: No recent bankruptcies, repossessions, unpaid child support, or past-due trades. Tax liens must have a payment plan.

Down Payment and Additional Requirements

Down Payment: Minimum of 30% down payment
Additional Criteria: Detailed requirements for vehicle model years and types, ensuring quality and reliability.

Food Trailer Financing

Overall, there are many options available for small business owners who are looking to finance their food trailer businesses. It’s important to research and compare these options to find the one that best meets your needs and budget. With the right financing, you can turn your food trailer business dreams into a reality.

In summary, financing a food trailer or truck can seem overwhelming, but it doesn’t have to be. By following these simple steps and working with Golden State Trailer, you can get the financing you need to start your food truck business. Our concession food truck financing with bad credit options are designed to meet your unique needs and help you succeed. Don’t wait, contact us today to get started!

Start Your Project Today!

It’s easier than ever to start your own business in the food truck and trailer business. We would love to help you get started and help you every step of the way. Call today or request a quote online!

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