In partnership with
Capital to Help Your Your Food Business Succeed
We know how challenging it is to run a food truck or mobile business. You shouldn’t have to make the journey alone.
Goodfynd is an all-in-one platform for mobile food businesses, combining payments, operational tools, and growth support. Learn more at https://www.goodfynd.com/business-consultation. Goodfynd is excited to partner with AOF to help extend support for food entrepreneurs by connecting the Goodfynd network with AOF’s banking solutions.
What makes us different
Financing to fit your needs
From food truck travelers, to carry out heroes, to a fine dining focus, we have you covered.
Customized loans and repayment terms
No two businesses are alike, so we structure loans that work for your business, not someone else’s.
We speak your language
We offer free 1:1 and group business advising and customized resources in English and Spanish to support you how and when you need it.
Food Truck Financing
- Borrow $5K-$200K
- Use your loan to cover everything from truck purchase to custom builds
- We work directly with your manufacturer
- Rates starting at 14.5%
- 20%-30% down payment
- 3-5 Years Terms
- Flexible repayment structure
- Am I eligible?
- Minimum 1 year or more industry experience
- Truck model 2005 or newer
Small Business Term Loan
- Borrow $5K-$250K
- Use your loan to expand your business, hire employees, buy equipment, pay off debt, and more
- Rates starting at 9.99%
- 1-3 year Terms
- Fixed Monthly Payments
- Am I eligible?
- Minimum 1 year in business
- $100,000+ in annual sales
- 20% or more ownership of business
SBA 7(a) Loan
- Borrow $85K-$350k
- Use your loan for purchasing equipment and inventory, refinance high-interest debt, marketing, and expanding the business
- Rates Prime + 2.25% (adjusted quarterly based on prime rate)
- Terms up to 10 years
- Am I eligible?
- Minimum 2 years in business
- $200,000+ in annual sales
- Ready to provide tax returns, debt schedule, and other financial statements
The impact AOF will have on our business is very positive because we’re able to invest in inventory for the business.”
Carlos Perez
Meat Town Distributors
FAQ
AOF is a Community Development Financial Institution (or CDFI), which is a mission-driven financial institution that seeks to create economic opportunity for small businesses in under-resourced communities. We offer free financial education, business coaching, and affordable, transparent loans that help support you, your business, and your community.
For a small business term loan: We’ll give you a quote in just 15 minutes without impacting your credit score. Once offers are presented, you will be able to choose which option works best for you. Offers will have different term lengths, monthly repayment options, and interest rates. See a video here that takes you through the process step by step.
For an SBA 7(a) loan: We will first ask you to give us more information about your business. Then, someone from AOF will reach out to you. If we think you prequalify for the loan, we will ask you to start a full application in our portal. Someone from AOF will walk you through each step of the process. You’ll be prompted in the application to provide documents such as tax returns, financial statements, and ownership information. The full process typically takes between 30-40 days from application to funding.
*Rates, terms and maximum loan amount may vary according to overall creditworthiness of the applicant,financing product and lender.
All business advising, loans and loan servicing are provided exclusively by Accion Opportunity Fund Community Development and its affiliates. Accion Opportunity Fund Community Development and its affiliates are independent third-party companies that are not owned, controlled or operated by, or affiliated with, GoodFynd. GoodFynd makes no guarantee or endorsement regarding Accion Opportunity Fund Community Development and its affiliates, or their products or services. Accion Opportunity Fund Community Development and its affiliates solely own and manage their products and services on their own behalf and manage all aspects of their customer relationship, including making all credit and underwriting decisions. If you receive a loan from Accion Opportunity Fund Community Development or its affiliates, GoodFynd will not be the lender. © 2023 GoodFynd. All rights reserved.