Food Trucks


Mobile food businesses are a fast growing industry in Australia. Whether you’re thinking about a food van, food truck, coffee van or something else, we can help you fund your business.

As with any new business, you’ll need some capital to get you started. For a small initial investment, we can assist with custom finance solutions to suit your plans and budget, so you can get on the road, and fast.

To give you an idea, here are the 3 most common financing solutions available:

  1. Chattel Mortgage/Rental Operating Lease
  2. Finance yourself
  3. Getting a loan or investor(s)

Lets look at these in more detail:

Chattel Mortgage

A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase.

Under a Chattel Mortgage the financier advances funds to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase.

The financier then takes a “mortgage” over the vehicle as security for the loan, by registering their interest over it with the PPSR.

Once the contract is completed, the security interest is removed giving the customer clear title to the vehicle.

Rental Operating Lease

Equipment Rental is an agreement between a financier and a customer whereby the financier buys the equipment on behalf of the customer and rents it back to them over a fixed period.

The customer simply makes fixed monthly rent payments, and at the end of the contract either hands back the equipment to the financier (with no more to pay), continues the rental agreement or buys the equipment outright at market value.

Finance yourself

Getting the funds together to start a mobile food or beverage business isn’t easy. Besides having to come up with the money yourself, you either have to have saved up the initial investment or start saving now, which of course will take a while. It’s not good financial management to use up all your savings or super fund for what is an unpredictable venture. However if you are confident you have the budget, it can be a good way to go to avoid debt. Be sure to do your research and weigh up the risks. If you’re a business owner that is determined to do it on your own, financing yourself is a good option.

Getting a loan or investors

If you don’t have the required capital to start your food truck business, you may want to consider the viability of taking out a loan or finding a suitable investor. There are a few challenges you need to be aware of. These include qualifying for funding, a good credit history and any outstanding debts. Loans incur interest and investors want a share of the profits. However, its one of the fastest ways to get the cash you need to get started. Do your research, put together a business plan and find a bank or investor that is a good fit for you.

Our focus in on finding ways to approve you, not decline you! We are not a bank and so we can look outside the box and look at your potential moving forward as opposed to solely how much property you own.

How to choose what’s right for you

There are a lot of things to consider with each financing option, so it pays to speak to someone who understands all of them and can give advice based on your unique situation. We can help you decide based on what’s most important to you and your budget.

No matter what you choose, you need to be really clear what your goals are and the risks involved. We always suggest you speak to your Accountant to esnure your choice is best for your financial set up. When you’re confident about your choice, you’ll have less stress and can put all your energy into building a successful business.

Have questions?

Call us now on 0468 371 449 – we are happy to chat about your situation and what you’re looking for.