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FOOD TRUCK EQUIPMENT FINANCING
Lending Network, LLC has 100% loan-to-value equipment financing with zero money down and same-day closing with no income docs, no tax returns, and no bank statement required on any type of equipment financing up to $150,000 dollars. The only requirement is a 700 credit score and the borrower need to have been in business for at least two years. Lending Network’s equipment financing program is different than equipment leasing where equipment leasing requires the first month and last month payment and you do not own the equipment after the payment is over. Contact us at gcho@gustancho.com to qualify and get approved.
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4 Replies
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Here is an interesting video about running a food truck business for the entrepreneur. Remember that the key to success is unique good food where customers will remember and say WOW!!!
https://www.youtube.com/@fox13tampa
youtube.com
The official YouTube home of WTVT-TV, FOX 13 Tampa Bay. Bringing you the important stuff like breaking news, Tampa Bay weather, and local stories. But also plenty of fun stuff, like #WeLiveHere tips, the best of our archives, and all … Continue reading
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A food truck is a great business. What I have found here, is that people will do well in a food truck then transition to a brick and mortar restaurant. Often times the profit drops when that happens. There is something psychological about getting your food from a food truck that is enticing.
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Have they become saturated in your area?
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To my understanding, Lending Network, LLC has an enticing structure for food truck aspirants looking to acquire equipment leasing. Given this information, let’s compare the salient characteristics of your funding program with those of equipment leasing, which you had previously referred to.
Salient Features of the Lending Network Equipment Financing
Loan to Value (LTV) of 100 Percent Financing:
This covers the total cost of the equipment; therefore, a cash payment upfront is not required.
Zero Cash Investment:
No cash investment is required to save business owners time and money to procure such equipment.
Closing on the Same Day:
With this feature, funds and equipment are processed in less than 24 hours, allowing the business to acquire funds and start operations or upgrades as fast as possible without delay.
No income proof document requirement:
This may include tax documents, income returns, or a bank statement. Omitting all these requirements streamlines the process, making it easier for a business owner to fit in.
Credit Score Requirement:
This program, which is aimed at borrowers with a good credit history., requires a minimum credit score of 700
Business Existence:
Business Issues: A minimum of 2 years in business would be a requirement. This instills confidence in the lender and borrower, as evidence of stability is provided.
Equipment Financing Versus Leasing: Understanding the Difference
Rights:
Regarding equipment financing, the borrower usually keeps the equipment when paying off the loan. At the same time, leasing means the equipment must be returned to the lessor when the lease is terminated.
Style of Payment:
Financing allows the borrower to enter the payment agreement without making the first and last payments, but leasing requires making those two payments initially.
Say for Example:
While leasing may be adopted for short periods, financing permits a business to branch out to long-term assets that generate revenue or appreciate over time.
To sum it up…
With the help of Lending Network, LLC, food truck operators and other budding entrepreneurs can easily benefit from the equipment financing program. The growing network encourages and assists food truck and business owners by giving them proper equipment through the capital.
Please contact us for details if you have any concerns or require clarification.
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