Food Truck Business

Food Truck Financing

Food trucks are an excellent way for people to get started in the restaurant industry. With low startup costs, this is the perfect solution for people who want to own a restaurant but don’t want to take the risk of purchasing a commercial building for a brick-and-mortar business. A food truck is much cheaper to renovate than a physical location and, if you find the right one, might already be established.

Whether you want to start a new food truck business or already have a large fleet of food trucks across a wide service area, we can help you get the food truck loan you need to boost profitability and growth. Our loans come with various benefits that will give you an upper hand over your competition. Apply today to find out how much you qualify for.

Types of Food Truck Loans

Opportunity Business Loans offers various food truck financing options that ensure you get a loan that is as convenient for you as possible. If you need capital to take your food truck business to the next level, apply for one of the following loans today.

SBA Loans

The Small Business Administration partially guarantees SBA loans. This gives us higher flexibility when approving businesses for loans and helps us better customize a loan around your individual needs. Food truck owners are eligible for SBA loans as long as they operate in the U.S. and exhaust all other financing options.

Business Term Loan

If your food truck has a specific cost that needs financing, a business term loan might be the best option for you. With term loans, borrowers can take out a lump sum amount that is repaid in full by the end of the term length.

Business Line of Credit

With any business, it is a good idea to have continual access to capital. Unexpected expenses happen, especially in the restaurant industry, and these expenses usually need to be taken care of quickly. With a business line of credit, you will have 24-7 access to a line of credit. This option is great because it gives you access to capital whenever you need it, and you only pay back the amounts you draw.

Equipment Financing

Equipment for your food truck business can get expensive. If you are looking to purchase or repair your food truck, equipment financing is probably your best bet. This type of loan usually requires a downpayment as well as good credit.

Expand Your Business With A Food Truck Loan

There are many different ways to use your food truck financing solutions to grow your business and boost profits. Below are some of the most common ways our customers use our food truck loans to increase their success.

Maintain Your Restaurant
Purchase new equipment
Maintenance
Gas and insurance
Licensing
Rebranding
Marketing and advertising
Expand Your Food Truck Business
Purchase a new truck
Fund a major event in a popular location
Acquire another food truck business
Cover Unexpected Expenses
Pay for unexpected repairs
Covering increased costs of ingredients
Administrative Duties
Rent office space to run the business side of your food truck company
Invest in payroll or ordering software

Advantages That Give Your Food Truck Business The Upper Hand

Our food truck loans come with various benefits that give you an upper hand over your competition. These benefits are available for all of our customers that have been approved for a loan amount. Apply today to get access to the following advantages:

1.
Same-day funding up to $250,000
2.
Easy online application
3.
Low paperwork required
4.
Flexible loan terms
5.
Custom payment plans
6.
Interest is waived on early payoffs
7.
Low rates
8.
No hidden fees

Nationwide Partnerships For Flexible Customization

We have exclusive partnerships with some of the top lenders across the nation. These partnerships give us the flexibility to customize a loan to your individual wants and needs. This gives us way more financing options for you compared to a traditional bank.

These banks have strict policies, stressful services, and lengthy approval processes. If you need a food truck loan that is customized to ensure maximum convenience for you, Opportunity Business Loans is the way to go. Our team of expert financial consultants will work with you to create a loan that is as comfortable as possible. This way, you can worry more about running your business and less about making your loan payments.

How To Apply For A Loan

To get approved for a food truck loan, you have to complete our simple 3-step application process. This process is super simple and only takes a few minutes to complete. It has very low paperwork and is completely stress-free.

First, fill out our online application form. This form will ask basic questions about you and your business. This form only takes a few minutes to complete.

Then, we will assess the information that you provided in the application form. We will use this information to customize a loan that is tailored to your individual needs.

Once the loan is created, we will go over it with you and answer any questions or concerns that you might have. Once you are satisfied with the loan, we will deposit the funds into your business bank account in under 24 hours.

Apply Now

Whether you are purchasing your first food truck or are trying to grow your current fleet of food trucks, choosing Opportunity Business Loans as your trusted lender is the way to go. We will approve you and deposit the funds in under 24 hours through a quick and easy application process. Just fill out our online application form or give us a call today to get the capital you need to take your business to the next level.

Apply Now

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