How can I get funding for a food truck

[BakariThomas]

Just been toughest going to banks for me

[ElsombreroMex]

Square will give you a loan offer after a year you have had an account with them only if you have had consistent sales throughout year they go off that. GOODLUCK 😄

[DiscoFries]

Buy a lesser more affordable option like a trailer or cart to start with. The last thing you want to do is owe money because there are lots of other costs yet to come and you are not guaranteed anything in the food truck business. I know a few people that went out and spent the money before learning that you have to get permission to operate and that you can't just set up anywhere. We in the business say "if it wasn't for all the people that didn't do proper research, there wouldn't be such great deals on barley used equipment."

[BakariThomas]

I appreciate that. It makes sense 

[Scott43]

I started with a couple of pop-up tents.  I have a bbq Catering company and smoke everything at home. I bring my whole setup to events along with a griddle to keep my products hot and serve off the flat top. This was my first year. Just build the capital needed before jumping in to deep.

[BakariThomas]

Thanks I do pop ups myself and definitely don’t wanna go to fast 

[edgailebbq]

You can also explore SBA loans (sba.gov). 

[Tbnw]

I own a food truck... the best way is to start with a trailer... im thinking about switching to a trailer 

[BakariThomas]

I wanted to do a trailer but I don’t have a truck to haul it 

[DiscoFries]

Definitely, I had 3 trailers at one point (now combined to 2) To register a trailer in NJ is under $30 a year. A food truck would require commercial registration and commercial insurance year round. NJ only has about 6 good food truck months so it makes way more sense to not get stuck paying year round coverage. The other perk is if you have a tow vehicle break down you can always run to uhaul and grab a pickup to complete the gig. I had to do that once or I would have lost a week long gig that I paid $1000 plus permits for. Being that the majority of food trucks are old bread trucks from the 80s you’re bound to have a lot more breakdowns and not make it to your gigs. Trailers have never been that big of an issue that couldn’t be fixed in time versus a blown head gasket or something on your food truck. Trailers are also usually half the start up cost of finding a truck with what you need to complete your menu. I spent a year of research before buying equipment. 6 months of going to food truck gigs to see my menu options of what wasn’t being offered and 6 months of vehicle research to find the perfect mobile kitchen for my menu. I have years experience in the restaurant industry and was able to go very quickly into the food truck gigs and paid for my investment in my first season. But that’s not common and very difficult if you don’t do proper research.

[Tbnw]

I have the same problem... my friend Rents a van from uhaul... she worked out a deal with them... maybe you can talk to ur local uhaul

[RuckusDonuts]

 Have you considered crowdfunding? We were able to raise over $42K in 30 days from 355 people via a successful Kickstarter campaign, which in turn we used to help secure a SBA microloan.

Note - the holidays are a GREAT time to launch one in that most people are in giving moods & have discretionary income.   This is how we did it:

https://www.kickstarter.com/projects/ruckusdonuts/help-us-bring-the-ruckus-to-rockland