top of page
Food Truck

Food Truck Financing

Food trucks are all the rage today since they remind people of their childhood and add a unique touch to the otherwise conventional food scene. For business owners, these trucks offer the benefit of low investment and ease of interning in the restaurant industry.

In the era of youth spending, conscious consumerism, middle-class expenditure, and mobile lifestyles, an increasing number of first-time business owners are gravitating towards this option. 

Whether starting your first food truck business or expanding an existing one, you need access to additional food truck financing to meet your investment needs. New food trucks generally cost between $50,000 and $250,000. 

On the other hand, used ones can cost you anywhere from $30,000 to $70,000. Your investment will also vary depending on the size of the truck, the equipment included, and the location where you make the purchase. 

To arrange this kind of hefty amount, most business owners need to borrow money to finance a food truck. For this reason, you need to look for dependable food truck financing options to kick-start or upgrade your business. 

Ready to Scale Your Business with Food Trailer Financing?

Even if you are currently the owner of a successful food truck business, the funding needed to buy or improve equipment can be outside of your present generated revenue. Not only will you have to consider the expenses incurred in labor, raw materials, insurance, advertising, and marketing, but you must also take care of specific industry-specific expenses such as permits and licenses, commercial parking and kitchen space, and appliances and décor. 

Financing a food truck is easy; the financing company will carefully evaluate your application to provide you with the best possible service. 

Types of Food Truck Loans

Not all food truck business loans are the same, and depending on your business structure, you might be better off with one but not the other. Below are some of the main food truck startup loans you can choose from.


Small Business Administration (SBA) Loans 

The SBA loan program is designed to minimize the risk to both borrowers and lenders when seeking loans to establish or expand a business. Although the SBA technically does not lend the money, it can help business owners find the right lenders whose loans comply with their guidelines. 

SBA microloans are ideal for potential food truck owners since the loan provides around $50,000 to small businesses to finance various costs, including equipment purchases, inventory, supplies, working capital, and more. Interest rates are also affordable, making it an ideal option. 


Equipment Loans 

Equipment-specific loans minimize the upfront burden of purchasing trucks, machinery, and other products. These loans usually include payment terms that fit the equipment’s lifespan. You can expect a down payment of anywhere between 5% and 20% of the total cost. 


Bad Credit Loans 

If your credit score is not strong, your only option may be to apply for a bad credit business loan. This category of loans require collateral and come with a higher interest rate or other terms that protect the lender.


How To Qualify for Food Truck Financing?

The exact requirements needed to qualify for food truck financing depend on the lending company. Each lender has a different set of criteria, but common determinants on which your eligibility will be judged include the business’s revenue, current debt, business plan, credit score, and other factors. Lenders may also assess the reputation of your business, the number of years you’ve stayed in the industry, and your experience as a business owner.

Business Plan and Documents

If you are looking to finance a startup, you will need to prepare a business plan highlighting your business’s core goals and features. You may have to provide current business documents, proof of registration, business certifications and licenses, your food truck’s registration or license number, and 12 months of financial statements to upgrade your business.

Credit Score 

A credit score of at least 500 is required to finance a food trailer. This score will demonstrate any bad debts, missed loan payments, current borrowing, and other monetary factors that show your reliability as a borrower. A credit score below 680 will require you to leverage your collateral instead of your credit score.



Proof of insurance is mandatory if you want a food truck business loan. You should have an insurance policy that covers the food truck, its equipment and kitchen appliances, and workers’ compensation to ensure the safety of your workers in case of a lawsuit. 

Benefits of Food Truck & Trailer Financing


Food truck financing offers you the startup capital to launch your business. Moreover, it provides a cushion to help you deal with any potential issues that may come your way in the future. Nowadays, many options are available to finance food trucks, making it easy for business owners to browse through them and choose whichever fits their needs best. 

In general, online lenders are more flexible and lenient and offer more options for financing. If you are unsatisfied with one lending company, you can always compare their requirements and other policies. 

Get Started With Us Today


So, are you ready to get your food truck business going? If so, get the expert opinion of our team at National Truck Loans by filling out this form. For further information regarding our financing options, call us at 855-562-6875, and we will be more than happy to help you. Feel free to email us at if you have any questions or concerns, and one of our customer service representatives will get in touch with you shortly.

Why Should You Choose National Truck Loans For Food Truck Financing?


National Truck Loans has been striving for perfection for the past 15 years when it comes to commercial truck financing. We are a boutique private lending company specializing in an array of vehicle loans, starting from $15,000 and above. 


We are a direct lending company, meaning no third-party intermediaries are involved in making the process longer and more complicated. We deal directly with our customers and ensure that the process is transparent, simple, and carefully tailored to their requirements. We understand that financing big commercial vehicles can be overwhelming, so we primarily work to offer you seamless support for your initial and working capital needs. 

If you are worried about not getting a loan for a food truck business due to bad credit, we’ve got your back! A credit score is not the only criterion we look at – other factors such as your general profile, payment history, and collateral also play a huge role. Food truck financing with bad credit has never been easier since we enable new and small business owners with lower credit scores (C or D) to secure loans.

Providing Food Truck Financing For Bad Credit, Great Credit, and Everything In-Between

Food Truck Financing


We will handle your paperwork once we have the signed contract back. Most trades are settled in as little as three days. We can quickly get the truck you need back on the road.


Truck image in Blue background

Chris Cadahia

Great lender without the bureaucracy and gotcha’s from your typical truck finance broker. Really makes a difference when you work with a lender like National Truck Loans that uses their own money to fund loans and know the industry. They’ve been a great financial partner and appreciate the support!

SFL Supply Inc Review

SFL Supply Inc.

National truck loans helped me grow my fleet by several trucks. Very simple, professional and helpful on every step of the way until the end. Recommend to any carrier. Thank you

Juan Insegna Review

Juan Insegna

I had a very good experience. Micheal and Junior helped me a lot, they always answered all my questions and they work very fast. I recommend it.

Good Credit, Bad Credit, No Credit


bottom of page