Food Truck & Trailer Funding Solutions 

FOR MOST CREDIT TYPES & BUSINESS STARTUPS

FOOD TRUCK WARRANTY

Warranties up to $3K for food trucks and concession trailers may be financed.

EQUIPMENT SALES TAX

Sales tax from both (in-state and out of state) sales may be entirely financed.

FOOD TRUCK/TRAILER TRANSPORT FEES

Transporting fees to deliver your food truck or trailer may be financed (upon approval).

IMPORTANT DISCLOSURE:

All approvals are subject to additional conditions you must provide or meet to the satisfaction of the Underwriter. Since we do not request your social security number in the beginning stages of this process to review your credit profile, you agree to provide the information we request above in "good faith" and all information given to us are done honestly; without a deliberate intention to defraud the other party. The conditional approval will stand unless you fail to meet the stipulations the lender lays out. Our credit department will not be able to appropriately process your file if you fail to meet any of the conditions set forth. You may also face a denial if the lender is unable to verify any further data you've provided such as; employment, financials or do not meet their credit criteria. If you take too long to provide the documentation or other information requested, any changes in your income or credit history that have occurred in the meantime will be taken into account.

GOOD/FAIR CREDIT PROGRAM: 

Guarantors must have a minimum of 7 trade lines on their CBR with the oldest account reporting 3 years of payment history.

Guarantors with a substantial outstanding tax lien obligations, foreclosure proceedings, short sales, any reported open child / family support accounts, student loan defaults or guarantors that have accounts managed by a credit / debt management counseling service will not be considered. Guarantors with completed loan modifications and 12 months of subsequent, timely payments will not be considered.

CO-SIGNORS & HOW BANKRUPTCIES ARE VIEWED:

Many times the credit strength of an applicant can be enhanced with a spousal, parental or blood relative guaranty. We evaluate this potential additional guarantor on a case-by-case basis. Discharged bankruptcy over two years will be considered in instances when any guarantor has a firmly re-established credit history demonstrating depth and timeliness of payments. For applicants with less than 2 years since the bankruptcy.

BAD CREDIT PROGRAM: 

A minimum 500 FICO score & a minimum of 51% ownership of the business is required. Additional collateral may be utilized as a form of leverage to increase your chances of obtaining an approval. Child support collections, both your assets & liabilities may be requested.repos/car charge-offs, current/dismissed bankruptcy and open tax liens and late payment will be considered. Financial disclosure is required such as the last 3-4 months of business bank statements, the last 2 years of business tax returns, business EIN#, business licenses and a financial statement reflecting

• EFA & Leases up to $500K

• Terms can range from 6-60 months

• Additional Collateral is NOT required

• Most transactions fund within 3 business days

• Other fees such as; taxes, warranty, etc may be financed

• App only submissions up to $100K

• 0% - 10% Down payments are required

• Approvals are valid for up to 10 business days

• Fleet financing is available to those who qualify

• Business startups may require a detailed business plan