$53K for a second truck, doubling weekend booking capacity
A food truck and catering business was turning down weekend bookings it couldn't physically cover with one truck. Here's how a $53,000 advance, funded in 4 days, got a second truck outfitted before festival season locked in vendor slots.
1. The Situation
Weekend event bookings had outgrown what a single truck could physically cover.
The business was turning down weekend catering and festival bookings due to scheduling conflicts on the one truck, and needed a second truck purchased and outfitted before peak festival season locked in vendor slots.
2. The Funding
Outcome99 structured a $53,000 merchant cash advance at a 1.38 factor rate over a 6-month term, repaid via daily remittance (~$580/day) against total repayment of $73,140.
3. The Result
The advance funded in 4 days, in time to get the second truck outfitted before festival vendor slots locked in.
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