Yes. A Gallup, NM restaurant already serving customers can ask about equipment financing for a concession trailer and the cooking gear inside it, plus a working capital loan for the trailer crew and first stock. With steady card sales, a merchant cash advance is another route; it is not a loan. Permit rules and any change to the restaurant building sit outside this site.
A Gallup, NM restaurant with its own sales history can ask about equipment financing for a concession trailer, its griddle line and refrigeration, and about working capital for crew payroll. Any merchant cash advance is not a loan; the provider collects it as a share of daily card sales. Permits and building work are outside this site. Invented examples price a trailer package and an advance.
Food Truck Loans for a Gallup, NM Restaurant: the Trailer, a Griddle Line and a Walk-In Cooler
A concession trailer is a titled piece of equipment, and so is nearly everything bolted inside it: the griddle, the fryers, the reach-in refrigerator and the prep table. That makes equipment financing the first product to look at. A restaurant adding a trailer has one advantage a new food truck owner lacks: months of its own bank and card statements, which a partner can read in place of a trailer history that does not exist yet.
A trailer menu also leans on the home kitchen for prep and storage, which is where a walk-in cooler comes in. A prefabricated walk-in box and its refrigeration are equipment. Cutting into the building to fit one is building work outside this site.
| Item | Figure |
|---|---|
| Concession trailer | $46,500 |
| Griddle, fryers and flat-top line | $11,200 |
| Reach-in refrigerator and prep table | $4,300 |
| Walk-in cooler box and refrigeration (restaurant) | $14,000 |
| Package total | $76,000 |
| Owner cash | $9,000 |
| Amount financed | $67,000 |
| Rate (annual %) | 11.25% |
| Term | 72 months |
| Monthly payment | $1,283.88 |
| Payments in total (payment x months) | $92,439.36 |
Over 72 months at $1,283.88 each, these invented payments total $92,439.36; $25,439.36 of that is interest. The restaurant page covers kitchen equipment for the dining room side in more depth.
Food Truck Lending and Payroll: Staffing a Trailer Beside a McKinley County, NM Restaurant
A trailer needs people on it from the first day it opens its window, well before its own sales show a pattern. Picture an invented crew of two cooks and a cashier costing $3,840 every two weeks, and 60 days before the trailer covers its own payroll. Count the paydays in those invented 60 days and the answer is 4 or 5, which turns into $15,360 or $19,200 of crew wages. A working capital loan is the product that fits a gap shaped like that.
In the 2023 County Business Patterns, limited-service restaurants (NAICS 722513) numbered 52 in McKinley County, NM, against 40 full-service restaurants (NAICS 722511), all with paid employees.
Nonemployer Statistics, a separate program, lists 18 full-service restaurants in the county with no paid staff for 2024.
Food Truck Permit Rules Are Not Covered Here: Ranges and Griddles a Gallup, NM Restaurant Can Fund
Permit, health and licensing rules for selling food from a trailer are not explained on this site. The official Gallup, NM and McKinley County, NM websites, both linked on the tools and resources page, are where an owner can start that part.
What a partner can look at is the cooking equipment, on the trailer or back in the restaurant. A six-burner range, a second griddle or a new fryer for the main kitchen can sit on an equipment request of its own, or ride along with the trailer package when the purchases happen together. The quote should name each piece and its price.
A Food Truck Loan or a Second Location: Notes for Gallup, NM Restaurant Owners
A second location and a trailer solve the same problem, reaching more diners, in different ways. A trailer is one piece of equipment. A second dining room brings a lease and construction inside the space, both property matters this site leaves out; only the kitchen equipment, the opening food order and the first payroll could come here.
Steady card sales open one more door for a restaurant: a merchant cash advance. It is not a loan: a provider buys a share of future card sales, and the total is collected as a fixed holdback of each day’s card receipts.
| Item | Figure |
|---|---|
| Advance | $20,000 |
| Factor rate | 1.32 |
| Total to be remitted | $26,400 |
| Daily card sales | $1,650 |
| Holdback | 11% |
| Remitted per day of card sales | $181.50 |
| Estimated days of card sales to remit | 146 |
In these made-up numbers the provider collects $26,400, so the advance costs $6,400, and at $181.50 a day it takes about 146 days of card sales to remit. Fewer card sales stretch that count out. The Gallup, NM page lists restaurant counts by ZIP 87301 address.
By Rainview Business Loans · Updated
