Mobile Food Trucks* $2,601 – $100,000
- Interest Rates: 12.5% to 16.5% interest rate. 15.1% to 22% APR.
- Terms: Up to 60 months.
- Qualifications: On-time payment history, no liens or delinquencies.
- Documentation: Bank statements, personal ID. No credit OK.
- Funds Available: 5 days on average from the time the vehicle is available.***
- Fees: Funding fee of $75 for loans $2,600 to $5,000. 5.99% loan funding fee for loans $5,001+.
- Collateral: Vehicle. 20% down payment.
- Pre-Payment Penalty: None.
- Payments: N/A.
* Only available in state of California. Opportunity Fund doesn’t offer Mobile Food Truck loans over $100,000.
** Pricing effective starting August 30, 2018. Pricing and terms subject to change.
*** Upon formal approval.
Opportunity Fund is a U.S. Treasury certified Community Development Financial Institution. All loan applications are subject to credit review. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609. Loan origination fees are one-time fees for first-time loans and are based on the loan amount. Subsequent loans may use a different fee structure. Pricing and terms subject to change.