Concession Trailer Financing

At Concession R Us we have 2 financial institutions that have been helping our customers with loans for start ups. We can help you securing a fair loan for your trailer. Financing a concession trailer can involve various options like SBA loans, equipment loans, or even crowdfunding, and understanding your needs and creditworthiness is key to securing the right financing.  Here's a breakdown of potential financing methods:

• Factors to Consider:
  Credit Score: A good credit score is crucial for securing favorable loan terms, an score of 650 or better is recomended.
  Cosigner: A second person that can you give a extra nudge to get approved in case you need help.
  Down Payment: Be prepared for a down payment, as it can reduce the loan amount and interest costs, a 25% is recomended.
  Debt-to-Income Ratio: Lenders will assess your ability to repay the loan, so ensure your debt-to-income ratio is manageable.
  Business Plan: A well-structured business plan can strengthen your application and demonstrate the viability of your business.
  Loan Terms: Carefully review the interest rates, repayment terms, and any associated fees before committing to a loan. 

• Tips for Success:
  Shop Around: Compare loan options from different lenders to find the best terms.
  Build Relationships: Develop relationships with local banks and lenders to build trust and potentially secure better terms.
  Be Prepared: Gather all necessary documentation, such as your business plan and financial statements, before applying for a loan.