About
About Equipment Rental Center, LLC (ERC)
Our Story
Few buyers can pay in cash, necessitating financing for most food truck purchases. However, navigating food truck financing can lead to considerable frustration due to stringent qualifying criteria, procedural complexities, and the disappointment of loan denials.
Both buyers and manufacturing companies share this frustration. Manufacturers often initiate the paperwork and processing of food truck orders only to halt proceedings until loan approval—a process that, if denied, results in wasted time and effort. Buyers eagerly envisioning their future business ventures invest time and energy in planning, only to face repeated disappointment when loans are declined despite their efforts.
Recognizing the need for a more effective solution, we devised the lease-to-own option to benefit both buyers and food truck sales/manufacturing companies.
The Problem
Food truck financing is typically unavailable through traditional banks or financial institutions, leaving prospective buyers with limited options. Often, they’re left with the choice of either paying cash upfront or resorting to costly financing that may be challenging to secure.
This scarcity of financing avenues means that many individuals who would otherwise be interested in purchasing a food truck are unable to do so due to financial constraints.
The Solution: Lease-to-Own
In contrast to the restrictive financing options available elsewhere, our lease-to-own plans offer an accessible pathway for food truck buyers who may not qualify for traditional financing or are unable to pay cash upfront. Even if buyers don’t have perfect credit or meet conventional qualification standards, they can still access our programs, provided they meet basic criteria and have a reasonable amount of funds available.
We firmly believe that everyone, regardless of their credit history or on-paper qualifications, deserves the opportunity to pursue their dreams of owning a food truck. Our lease-to-own arrangements are designed to make this dream a reality for individuals who might otherwise be excluded from the traditional buying process.
Furthermore, we recognize that certain demographics, such as minorities, may face additional barriers in accessing financing or paying cash upfront. As a 100% minority-owned enterprise, we’re committed to leveling the playing field and providing equitable opportunities for all individuals, including minorities, to succeed in the food truck industry through our inclusive lease-to-own programs.