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The Complete Idiot's Guide to Starting a Food Truck Business by Alan Philips

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Chapter

7

Finding Financing

In This Chapter

Figuring out your start-up and operating costs

Determining how much of your own money to invest

Approaching partners or other outside investors

Assessing the availability of bank loans and government assistance

Looking into sponsorship possibilities

Now that you’ve defined your vision in your business plan, including menu, design concept, and possible locations, it’s time to secure the cash to make it a reality. Finding financing for a food truck is no easy task. Many people want to invest in hospitality businesses purely for vanity. They dream of hanging out with their friends at their very own restaurant, especially those with monotonous jobs that don’t fulfill their passion. The reality ...

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