By Blake | Mag Trucks
MAG Specialty Vehicles (MSV) affiliate company MAG Capital has food truck financing programs. MAG Capital has direct food truck industry knowledge learned from MSV that allows more approved applications and more flexible terms. Don’t be shocked though, down payments are the key to getting financed for a food truck. “It’s risky business to lend on a food truck, because it’s such specialized equipment” noted Brad Carlson of MSV. The industry has been seeing down payments in the area of 40% and the rates are
higher than typical loans. If you have other collateral such as a home then the requirements can be reduced.
Here is a preview of the MAG Capital’s Mobile Food Truck Program:
Mobile Food Truck program is for mobile food truck & kitchen operators.
Documents Required for Submission:
- Completed Standard Credit Application
- Recent 3 months bank statements – (must be statements and not online printed transaction history)
- Legible copy of drivers license
- Proof of 3 Years TIB
Click Here to Fill Out an Application.
Strategically located in Kansas City, Missouri the MAG organization appreciates the opportunity to earn your business.
Visit them online at magspecialty.com