Financing new

Small business loans

Small business loans are designed specifically to help entrepreneurs start and grow their businesses. These loans are typically offered by banks and other financial institutions and may require collateral or a personal guarantee. The terms of the loan, including the interest rate and repayment period, will vary depending on the lender and the borrower’s creditworthiness.

Equipment leasing

Equipment leasing allows small business owners to lease the equipment they need to start their businesses without having to purchase it outright. This can be a great option for businesses that are just starting out and don’t have a lot of capital to invest in equipment. Leasing can also provide tax benefits for businesses that lease equipment.

Crowdfunding

Crowdfunding allows entrepreneurs to raise money from a large group of people, typically through a crowdfunding platform. This can be a great option for businesses that have a unique idea or concept that they believe will appeal to a wide audience. Crowdfunding can also be a good way to test the market and gauge interest in a product or service before investing a lot of money.

How to Finance a Food Trailer

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.

Research Your Financing Options

Golden State Trailer offers financing for new food trailers. We understand that every business is unique, so we offer a variety of financing options tailored to your specific needs. You can choose from different payment plans, terms, and interest rates to find the one that works best for you. We also have food trucks for sale with financing, so be sure to check out our inventory.

Gather Your Documents

To apply for food truck finance, you’ll need to provide a range of documentation, including proof of income, business plan, and personal and business credit reports. Golden State Trailer makes the application process simple and streamlined, so you can get your financing quickly and easily.

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.

Get Started!

Congratulations! With your financing in place and your truck ready to roll, it’s time to hit the streets and start serving up your delicious creations to hungry customers. Remember, Golden State Trailer offers the best value for money when it comes to food truck finance, so you can focus on what matters most – your business.

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 trailer financing and food truck business financing options are designed to meet your unique needs and help you succeed. Don’t wait, contact us today to get started!

Loan Details and Requirements

Loan Amounts: Up to $200,000 with competitive terms.
Industry Experience: Minimum of 1 year for loans up to $149,999 and 2 years for higher amounts.
Interest Rates: Standard rates range from 13.5% to 16%, varying based on credit score.
Repayment Terms: Maximum term of up to 72 months.
Vehicle Age: Trucks from the year 2004 or newer; newer models required for specific engine types.

Applicant Eligibility

Location: Business must be based in California.
Ownership: At least 51% of the business ownership must be part of the loan.
Credit History: Minimum FICO score of 600. Higher rates for scores below 669.
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% for start-ups and 20% for existing business owners.
Additional Criteria: Detailed requirements for vehicle model years and types, ensuring quality and reliability.