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Food truck financing, fast.
Apply for financing today to build your business, upgrade your equipment, or fund your next project.
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Proven food truck lending expertise.
Get the answers and the funding you need with support all along the way.
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*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
How much can I qualify for?
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Lendio knows the food truck business.
Get the dough you need to finance your next food truck. Cover operating expenses, launch a catering arm, or grow your fleet with a loan for your food truck business.
Bridge slow seasons
Purchase kitchen equipment and supplies
Refinance existing debt
Pay your employees
Invest in marketing
What type of commercial real estate funding is best for your business?
These are the most popular types of funding that other food truck-based businesses qualify for through Lendio.
Business Term Loan
Borrow a lump-sum with a set repayment schedule, and get funding quickly with online options.
Business Line of Credit
Access available funds whenever you need them, and only pay interest on what you draw.
Revenue-Based Financing
Access funding based on your future revenue and repay with regular payments.
What types of business loans are available to food truck businesses?
Revenue-based financing
You can get access to financing based on your revenue—also called a cash advance. Instead of paying interest, a factor rate is charged and deducted from the borrowed amount you receive.
Term Length
1-15 months
Max Loan Amount
$1 million
Term loans
A term loan can be a great way to borrow a lump sum of cash and repay it on an established timeline. Online term loans can offer fast approvals and funding times.
Term Length
6 months-10 years
Max Loan Amount
$2 million
SBA loans
SBA loans are a type of term loan with government backing that can provide lower interest rates. Popular SBA loans include the 7(a) loan and 504 loan.
Term Length
10-30 years
Max Loan Amount
$5 million
Line of credit
If you’re looking for financial access beyond a business credit card, a line of credit (LOC) can help. You draw on your line as you need funds, then replenish that available credit as you repay your balance. Food trucks can use an LOC for things like ingredients, supplies, and emergency expenses.
Term Length
6-24 months
Max Loan Amount
Up to $250,000
Equipment financing
Equipment financing can be used to finance the food truck itself or any of the equipment inside of it. Be aware that some lenders restrict equipment financing for food trucks. Your funding manager can help connect you with the right option for your situation.
Term Length
1-5 years
Max Loan Amount
$1 million
FAQs
Find answers to some commonly asked questions in the food truck industry.
What is food truck financing?
are no loan products specific to food trucks, many types of financing—such as a term loan, line of credit, or cash advance—can be used to fund your business.
What are the requirements to get food truck financing?
Minimum eligibility qualifications for a small business loan start at:
- Minimum 600 credit score
- At least $8,000 in monthly revenue
- Time in business of 6 months or more
Many lenders will also require a down payment and collateral.
What can I use a food truck loan for?
For general loans for food trucks, you can choose exactly how you want to use the funds. Upgrade your equipment, invest in online marketing, or expand your fleet—the choice is up to you. You can also finance a food truck with an equipment loan or SBA 504 loan.
What are the benefits of an online loan marketplace?
A loan marketplace stands out because of its quick and easy application process that connects you with multiple lenders. A funding manager will work with you one-on-one to guide you through the application and approval process.
What is an SBA loan?
An SBA loan can be used by food truck businesses to qualify for government-backed funds. That means the U.S. Small Business Administration guarantees the loan, which makes lenders more likely to approve your application. The approval and funding times are typically slower compared to other options; but on the plus side, many SBA loans have large loan maximums (a plus if you hope to borrow a higher amount).
What are the different types of SBA loans?
Here are the three most commonly used SBA loans:
- SBA 7(a) loan – Used for general business purposes, including things like working capital, refinancing debt, or buying business assets. The maximum loan amount is $5 million.
- SBA 504 loan – This loan is more limiting in how you can use the funds for your food truck business. With loan amounts as high as $5 million, you can purchase buildings, land, or other hard assets.
- SBA microloans – Designed for smaller companies, newbie food trucks can apply for up to $50,000 to get their business rolling.
Will I need a business plan to get a food truck loan?
Yes, most lenders will want to see a comprehensive business plan for your food truck including how the funds will be used to grow the business as part of your loan application.
What other sources of funding are available?
If you don’t currently qualify for a food truck loan, there are other sources of financing you can consider including a personal loan, credit cards, and small business grants.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.