Don’t have the funding to
start your food truck business?

Don’t panic – these resources can help you get the money
you need to operate your Mission food truck.

Making the decision to start your own food truck is exciting. And while you’ll surely be busy working out all the kinks, such as acquiring a truck, working on branding, and figuring out the ins and outs of your business, you’ll eventually come to one hurdle: how to pay for it all. 

 

Many people underestimate the cost of owning and operating a food truck. While a food truck carries less cost than your typical sit-down restaurant, that’s not to say you won’t still require a legitimate form of funding at the start. 

 

The truth is: food trucks can get expensive quickly. Launching this type of business can cost anywhere between $20,000 to $200,000, depending on the size of your truck, how much food you plan to cook, etc. 

 

You may not have all the money you need to get started, but there are several ways you can raise the funds to make your food truck dreams a reality. Consider these avenues for fundraising your food truck start-up.

 

PeopleFund/LiftFund

PeopleFund and LiftFund are two trusted sources for small business loans. In addition to small business education and mentorships, these Texas-based non-profits have helped create thousands of jobs through their small business loans. Visit the People Fund and LiftFund websites to learn more about acquiring a small business loan or mentoring and what they could mean for your start-up. 

 

Crowdfunding

Crowdfunding sites like Kickstarter, GoFundMe, and IndieGoGo are valuable in launching a business. Consider friends, family, and social media followers to get your food truck idea off the ground. 

 

Grants

Many local governments offer grants for small businesses hoping to set up shop within the city. Ruby Red Ventures, for instance, offers grants to small businesses within the city of Mission. Consider applying for grants to help you launch your food truck business.  

 

Small Business Administration

Your local Small Business Administration (SBA) may be able to offer loans or grants to help fund food trucks like yours. Contact your local SBA office to ask about funding opportunities. 

 

Banks

Small business owners often look to banks to fund their start-ups. Speak to your banker about small business loans and come prepared with a comprehensive business plan to make your case.

 

Investors

Maybe you’ve been saving up for your own food truck for years. If you are comfortable putting your hard-earned dollars into your business, this is a great way to go. You can also enlist the help of investors to help you expand when you’re ready. Investors can help take your business to new heights, so definitely explore this route if and when you are ready to grow. 

 

For more questions about funding your Mission food truck, contact the Mission Economic Development Corporation.