With 2017 winding down and a new year right around the corner, many aspiring owners are probably thinking about finally taking the leap. You know, the leap that is entering the food truck industry via your own mobile kitchen business.
It’s only natural to have this big-time goal going through your head during this time of year, because you know anything is possible in a new year. In fact, that is why so much hope and magic, if you will, surrounds New Year’s Eve.
With that in mind, we want to tell you that it is possible to own a food truck business, even if you don’t have the necessary funds to purchase a food truck right now.
Food Truck Financing
You see, food truck financing does exist, and it is a great way to make your dream come true. Of course, you want to be prepared as possible if you do go this route, or enter the food truck industry in general, because it does pose a risk. However, the more you know about this journey, and the better your business plan is — just to name a few things — the better off you will be (and the more prepared you will be).
Nonetheless, food truck financing is a viable option, and in hopes of telling you more about this path, we are about to unleash everything Prestige Food Trucks has ever published relating to food truck financing.
Check out the previews of the articles below, and then make sure to click on each individual link to dive into the full meal, if you will.
Everything Prestige Food Trucks Has Ever Published Relating To Financing A Mobile Kitchen
Learn How To Finance Your Food Truck or Trailer
This guide will give you the information you need to successfully get financed for your food truck or food trailer. It will answer many questions and help you be more prepared when going through the application process.”
Food Truck Financing Can Help You Break Into The Industry
Do you want to join the food truck industry but don’t have the out-of-pocket money to buy a food truck? If so, then you are not alone, and there is a solution.
If you are trying to break into this industry but don’t have the funds to make that dream come true, then you might want to think about financing a food truck. Yes, you can finance your food truck, whether it is $50,000 or $200,000. Of course, there are going to be many factors that come into play when it comes to getting food truck financing.
To get a better idea of that concept, we will break down three situations/examples for you. By doing so, you will hopefully have a better idea of how food truck financing works, and if it is the right option for you.”
Looking to finance your food truck? Make sure to check out this link!
Financing a Food Truck Information By Prestige Food Trucks
In this video, we talk about some things to consider when going about applying for a food truck loan. These are things to keep in mind to help you mentally through the obstacles that you may come across. If you have any further questions after watching this video, reach out to us at [email protected]”
Food Truck Financing Made Easy
1- Know your credit score:
Equifax, Experian & Transunion, the 3 credit reporting agencies, are required by law to provide you with one free credit report per year. Knowing your credit score will give you a more accurate idea of how likely you are to obtain a business loan to finance your food truck.
Also, if you declared bankruptcy in the last 5 years, have recent late payments, open collections or judgments, you should understand that the odds of obtaining financing for a business venture are very unlikely. There are no hard and fast rules in terms of a minimum credit score to obtain financing, however, your credit should be generally be good or above average.
2- Have a business entity:
Some car dealers make it very easy for consumers to “sign and drive” an expensive vehicle nowadays. But financing a food truck is much different. A food truck is a business. Therefore, financing of a food truck will require a business loan. So, whether it’s a corporation, LLC or simple doing business as (DBA) certificate, you will need to have a business formed before applying.”
Everyone’s situation is different, especially when it comes to financing a food truck. That is why we encourage you to follow this link so we can help you out during the food truck financing process, and so we can actually give you some real figures/numbers.
Here is what you can expect to see from Prestige’s financing options:
- “Prestige Food Trucks Is The World’s Leading Custom Food Truck & Trailer Builder / Manufacturer!”
- “Please Fill Out Some Basic Information Below & A Finance Specialist Will Contact You!”
- “Prestige Works With Third Party Lenders That Can Assist With All Of Your Food Truck Leasing & Financing Needs”
- “Prestige Food Trucks Typically Requires A Minimum Of 10% – 50% Down On All Food Truck Loans”
- “Completed Custom Food Trucks Typically Start At Around $79,500. (Average Range Of $80k – $200k)”
- “Completed Custom Concession Trailers Typically Start At $49,500. (Average Range Of $50k – $100k)”
If you really want to become a food truck owner, then you should become one — and you definitely can make that dream come true. With 2018 almost among us, it’s time to get serious about your dreams. It’s time to become the person you were meant to be. It’s time to live out your dreams every day of your life. Face it: it’s time for you to finally become a food truck owner.
Interested in getting into the food truck industry? Request a quote from us today to get going!
For more food truck advice and inspiration, check out the rest of our blog here.