Financing a Food Truck

Financing a Food Truck


Let’s head into Day 17, as the topic is Financing a Food Truck

Due to the popularity and price range of food trucks, it’s important to understand how financing a food truck can be accomplished. The below will offer tips on financing a food truck, and is based on APEX’s past customer profiles, which include existing restaurant/business owners, caterers, franchisees, brands/agencies launching new products, etc. APEX builds higher-end food trucks, so our in-house financing process enables our customers to take advantage of competitive rates with the convenience of an all-in-one experience.

How to get started on Financing a Food Truck

According to, the keys to increase your odds of getting food truck financing include:img_8187

  • Have a good credit score
  • Have some collateral
  • Operate from a solid business plan
  • Have a credit-worthy cosigner
  • Downpayment cash on hand

Continue reading more on any of the above by visiting the How to Increase Your Odds of Getting Food Truck Financing.

We sat down with APEX’s in-house finance (Sapphire Capital) CFO, Marvin Davis, and reviewed a list of important items to have ready when seeking financing for your food truck. The below must be applicable for all members or owners:

  1. Corporate and Personal Financial Statements
  2. Bank Statements
  3. Tax Returns (for the past 2 – 3 years)
  4. Tax ID# / FEIN#
  5. Operating Agreement
  6. Articles or Organization
  7. Balance Sheet (if you currently own a restaurant)
  8. P&L (if you currently own a restaurant)

If you have any specific questions regarding our financing options, feel free to email

APEX requires at least 20% down, and typically offers a 60-month term. Below is a snapshot of an estimated monthly payment for one of our typical food truck projects:Financing a Food Truck

Purchase Price              Monthly Payment
$160,000                       $2,847 / month
$150,000                       $2,669 / month
$140,000                       $2,491 / month
$130,000                       $2,313 / month
$120,000                       $2,135 / month
$110,000                       $1,958 / month
$100,000                       $1,780 / month

*The above is for informational purposes only. Terms and payment amounts will be based on the credit profile of the borrower. The above scenarios are also based on a 20% down-payment.

APEX’s in-house financing options are aimed to get you into your food truck, and should be straight to the point and convenient. We make it easy by providing innovative, practical finance solutions to suit your business needs. Are you ready to get started? If so, give us a call! 816-853-3360