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As I have been driving in nearby counties – running errands, visiting family and friends – I have been noticing parking lots of various businesses (like gas stations, for instance) sporting new 4-wheeled additions to their paved properties. Even more curiously – they smelled delicious!! Curious as to what was wafting my way, I found a few great new food trucks that have enjoyed my repeat business. A few recent trips have been filled with mobile masterpieces as well, and I began to wonder if there was something to this increase.

An article on The Economist has a couple charts that have been tracking the growth of food trucks in the United States since the mid-2000s and have found that the industry on the whole is growing. There are particular hot spots, like Portland, OR for instance, but even in places with tighter restrictions, the growth has continued. With the popularity comes more visibility – reality television has been jumping on-board, and food truck pods are popping up in some of the bigger cities in the country. It’s a great time to get in to the industry, but you have to make sure you have a plan in place before you roll out.

Food trucks have many different expenses, including the actual ingredients for a start! If you use up too much of your operating expenses on your truck, well you’re only filling out half of what makes food trucks “FOOD trucks”. Financing can be a huge help in getting your costs down to manageable monthly payments so you can have more room to improve your recipe for success. We know what the landscape is like out there for your industry and we’re here to help. We’ve been working with food truck operators like you to help them get their start, and we can help veterans of the trade upgrade to better equipment to stay ahead of the game. If you’re looking for a lender that sees the story behind the application. Look no further. Give us a call, and let’s see what we can do – 816.423.8021

Food-Truck-Flyer-2.0

Doug Fuller

Doug Fuller

dfuller@slsfinancial.com

816.423.8021

Business Lending Central

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A blog serving the Equipment Leasing & Equipment Financing Industry while also analyzing related Business Loan / Commercial Lending Products & Practices