Food truck financing

Faster, easier small business financing with one simple application—no bank needed.

Applying is free and won’t impact your credit.

Reviews from small business owners.

Lendio knows food truck small businesses.

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.

Lendio is no stranger to funding for food truck operations and the type of capital required to grow a profit-driven enterprise. Our network of preferred lenders makes it easy to submit a single application and receive multiple financing options to compare.

Why Lendio?

Quick & easy

Apply in just 15 minutes and get funded in as little as 24 hours

Your partner in business financing

Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.

Offers tailored to your business

Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.

Ready to get the capital you need?

Take 15 minutes to find out what you qualify for from 75+ lenders.

How our loan matching process works.

STEP
1

Fill out our simple application.

Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.

STEP
2

We’ll connect you with a funding specialist.

One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.

STEP
3

Compare loan offers.

Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.

STEP
4

Get funded.

We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Types of business loans for food trucks.

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

$5 million

Additional resources for food truck businesses.

FAQs

Food truck financing is the process of borrowing money in order to fund your business. While there 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.

  

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.

 

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. 

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.

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). 

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.

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.

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.

8 out of 10 Lendio employees* or their families own a small business.

*based on 136 Lendio employees who responded to an internal poll

Quickly Compare Financing Options from Multiple Funders

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST