Starting Sam’s Fresh and Fit Food Truck will be on the expensive side. The CEO, Samantha Gilmore, has been able to secure a loan with a local bank for at least $100,000 for five years at 8% interest. This is what it will take to get Sam’s Fresh and Fit Food Truck up and going. The company has found a new food truck at $50,000 (CloverFoodLab.com, 2011), but is able to pay $20,000 right out of pocket when purchasing. Luckily, the food truck does not need a lot of equipment either, but the equipment it does need can add up. Leasing some of it when needed will allow this company to reap the tax benefits though. The advertising budget is for flyers to be able to be made and hand out to help get the company name and brand out there. Most of the advertising …show more content…
Using this capital will not only boost sales, but also profit for the food truck. With the rise in healthy trends growing all over, now is the perfect time and a great opportunity to help grow the company and its brand (Gagliardi, 2015). The first thing that the company would use the capital for is to finish paying off the food truck and then other expenses. Without the food truck and not fully having ownership yet the business could have to stop production at any time if the money could not be generated, which is why Sam’s Fresh and Fit Food Truck could really use this capital to make all payments and ensure business. The company will also use the capital to pay for all the materials. Sam’s Fresh and Fit Food Truck takes a lot of money to keep buying supplies, because it all has to be natural and fresh, which gets really expensive. So, prices add up quickly. With this kind of help, the food truck can still provide healthy products to customers and continue to run the business. Finally, Sam’s Fresh and Fit Food Truck can use the capital to buy extra equipment and supplies the company may need or for any changes and fixes that may need to be done to the business. Using the capital like this and having some help will help Sam’s Fresh and Fit Food Truck to keep making a profit and also help stay up with the rest of the competition. The company and I