Food Trailer Financing

If you are still trying to secure financing for your food trailer or food truck, we may be able to help you! Your answers below can give us insight to match you with the right lender.

Concession Nation will NOT ask for your social security number, bank statements or tax returns. Answering these takes 2 minutes!

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Financing Form

    Name (required)


    Email (required)

    Phone (required)

    State (required)

    City (required)

    (1) What is your known credit score, and as of what month? (required)

    *To avoid pulling your credit and give the lender an idea of your credit worthiness.
    Credit score:
    Month:

    If your credit score is below 650, could you add a co-signer?

    YesNo

    (2) Have you filed for bankruptcy or foreclosure in the last 10 yrs? (required)

    YesNo

    (3) Do you have an existing business with a tax ID? (required)

    YesNo

    If you do have a business, have you been operating for at least 2 years and can provide financials?

    YesNo

    (4) Do you have any cash available to put a deposit towards this purchase? Please indicate: (required)

    (5) Desired Finance Amount?

    (6) Do you have an established credit for at least 4 years? (combination of credit card, mortgage, car payment)

    YesNo

    (7) Do you have industry experience of at least 3 years? (i.e. restaurant, catering events, café)

    YesNo

    (8) What is your annual income?

    We look forward to working with you,

    Concession Nation, Inc.
    Ph: 954-698-8099

    If you’re looking into financing a food trailer or food truck, here’s a detailed breakdown of your options and what lenders look for.

    WHAT YOU CAN FINANCE

    Here are common costs that lenders will cover when you’re financing:

    • Food Trailer or Concession Trailer
    • Equipment financing for just the kitchen gear or trailer rather than a full business loan.
    • In some cases, working capital

    FINANCING OPTIONS

    Equipment loan – You can apply for equipment loans. The trailer will be your asset or collateral. You will need a registered business name and a business bank account.

    Business line of credit – You can apply for a business line of credit (You will need a business legal name, tax ID and a business bank account. Requires at least 2 years of business history, proof of revenue, and 650+ credit score.

    Microloan / startup loan: For newer businesses with little history; smaller amounts.

    Lease-to-own / trailer leasing: You lease the trailer with an option to buy; useful if you want lower upfront costs.

    Line of credit / working capital financing: For ongoing operations rather than major purchase.

    Home equity / personal asset backed financing: If business credit is weak, some entrepreneurs use their home equity or personal assets.

    LENDING REQUIREMENTS

    These are the typical criteria you’ll encounter:

    Credit score: Many lenders want a minimum of 650 credit score. If your credit score is not great, this site gives you access to your credit report and shows you what to do to improve your credit score: https://www.creditkarma.com/signup

    Business history: Some lenders require at least 2 years in business.

    Start-up busienss: If you’re brand new in the industry,  then you are considered a start-up, which comes with more strict lending requirements. Lenders usually require a credit score of 650 or greater. Requires 4+ accounts that have 24 months payment history or longer with similar asset values.  (Student loans are not considered valid trade lines).

    Down payment 10% to 20% is very common. Althought, it varies depending on your financial criteria, and it might be less than 10%.

    Proposal or Quote from a reputable trailer builder such as Concession Nation. (Usually after the pre-approval process).

    Your business plan: Lenders might want to see that you understand the mobile food business and have a realistic plan.

    Benefits for lease to own option:

    Less Cash Down – Save your limited cash for other areas of your business, like expansion, improvements, or marketing

    Accelerate ROI – Rather than paying one lump sum for your equipment, make smaller payments while the equipment generates revenue

    Customize Your Terms – Set customized payments to match your cash flow and even seasonal income fluctuations

    Section 179 – Our programs qualify for Section 179 which may allow you to deduct up to 100% of the equipment cost.  Please discuss with your accountant to fully understand how it would apply to your business.

    Usually, offers a lease to own financing option with a $1 buy-out at the end of the term so you will own the trailer outright.