Grow Your Food Truck to Greatness
Spend less time waiting and more time growing with fast and frictionless financing
- Take Advantage of Opportunities
- Solve Challenges
- Reach Your Full Potential
27,000+ Transactions Completed
See Our 2,000+ Reviews
4.9 Rating - 700+ Reviews
Get the Cash Your Food Truck Needs…
Our expert Business Finance Advisors can connect your food truck with the right lender from our 75+ lender marketplace.
- $25,000 to $10,000,000 small business loans
- One simple and fast application
- Multiple offers with larger amounts
- Lower rates and longer terms
- No minimum credit score
To Accomplish What You Want.
Cover any expense:
- Increase working capital
- Purchase more inventory
- Update equipment
- Cover payroll
- Purchase a 2nd truck
- Hire employees
National Business Capital — Your Trusted Partner In Growth
Food truck financing is key to setting your plans in motion. While food trucks generally require relatively lower startup costs than a full-blown restaurant – you still need to be prepared for future expenses.
Without a brick-and-mortar location, you won’t have to worry about large capital expenditures and huge overhead. However, you’ll still need to purchase equipment, renovate and decorate your vehicle, hire staff, pay for permits, manage utilities, and more.
On the lower end, you should expect these costs to come in around $50,000 – but they can often reach much higher. That’s where a food truck loan can help.
Food truck financing gives you the capital you need to launch your food truck business and tackle any potential issues you may run into along the way. Choose between flexible payment options and different types of food truck loans.
Learn more about the best food truck business loans to scale your company today by reaching out to our award-winning team.
FAQs
You’re on the go. Find answers to all your food truck financing questions quickly, then reach out to our team for more information on growing your business.
What Kind of Loan Can I Get for a Food Truck?
There are multiple different types of funding options available for food trucks. You can choose between term loans, lines of credit, cash advances, equipment loans, and more.
Each of these funding types can have some variations when it comes to structure. They may also be better suited for certain purposes than others. If you’re unsure which funding type would work best, make sure to discuss your options with your lender.
Will a Bank Finance a Food Truck?
It might. Traditional banks are known for having strict requirements and low approval rates that can shut out many businesses. However, you can still access funding from a bank if you meet its requirements.
This will typically include a credit score of at least 680, at least 2 years of business history, and strong revenue. If you are rejected by a bank for one reason or another, you can always turn to alternatives – such as online lenders.
How Can I Start a Food Truck With No Money?
Chances are, you will need to have at least some money in order to get your food truck up and running. Even if you’ve been rejected by a bank or don’t have any savings of your own, you can still look into other funding solutions. For example, online lenders tend to be very flexible and may be willing to help you foot the startup costs.
Is It Hard to Finance a Food Truck?
Not necessarily. You will need to meet certain qualifications depending on the type of lender you choose to work with. If you go with banks, you need good credit, strong revenue, and typically collateral. In some cases, you may also need to provide a down payment.
Online lenders can be more flexible and willing to help you find options based on your criteria. Keep in mind that when you’re looking to finance the vehicle or truck itself, the equipment will most likely be able to constitute collateral for your loan.
How Much Does It Cost to Finance a Food Truck?
The total cost of financing a food truck largely depends on the interest rates and fees you’ll need to pay. To access the lowest interest rates, it helps to have strong financial credentials, like good credit and a sizable down payment. It’s also worthwhile to browse different food truck loans and financing solutions through a FinTech marketplace like National.
Your Trusted Business Financing Team — We've Funded Over 27,000 Small Business Loans Since 2007
At National Business Capital, we focus on your business’s
potential to help you grow smarter and faster
We take an educational approach to find the best options and find the right loan for your business.
We’ll be with you and answer all your questions throughout the whole process, including strategies to use your financing.
National Business Capital. Grow to Greatness.
$2 Billion Funded to Businesses
Top FinTech Marketplace
#1 Workplace 2019, 2020, 2021, & 2022
How It Works
You’re only a few clicks away from the capital you need to reach your full potential.
-
1.Apply Securely Within Minutes
Move through our streamlined application within minutes and upload your business documents with zero risk.
Apply Now -
2.Review Your Offers
Compare your offers with expert advice from our team and select the best one for your specific circumstances.
-
3.Get Funded
With your money in hand, you can take advantage of opportunities and tackle challenges with confidence.
Hear From Our Clients
See how National keeps companies connected to essential growth capital.
Ready to See Your Options?
Go from application to approval in hours, not months, with a streamlined process that merges high-tech with human-touch for high-efficiency financing.