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Retail Loan

William Anderson

Retail is a complex industry. We understand that you may have short term cash flow problems due to a range of factors including seasonal demand, inventory fluctuations, and staff turnover. Many retailers want to have the capacity to cater to a large client or to take advantage of discounts on bulk inventory orders. The problem is that you have to have working capital to meet the funding requirements for certain transactions. Retail loans are the perfect solution for any retail related financial need. They provide funding for a number of purchases including cash registers, equipment, supplies, mannequins, and other items needed to successfully run your retail store. Exploring the various options for funding will lead you towards the best loan options for your requirements.

The Types of Retail Funding

There are different types of funding available to help small business retail owners who are looking for affordable funding solutions. Some of the types of funding include retail loans for online stores, retail loans for franchises, retail loans for door to door sales, and retail loans for store retailing. No matter which type of retail funding you need for your retail business, you can find a suitable lender that can provide the funding you need. It helps to take the time to do sufficient research so you can find a lender who is best able to fund your business needs. By exploring the different retail business models and related funding solutions, you can take advantage of the best loan options to help you meet your goals.

Retail Funding: How We Can Help

Many retail companies don’t benefit from long repayment terms, for this reason there can often be problems with cash flow in the short term. Retail loans help alleviate cash flow problems by providing you with capital when you need to take care of business related costs. In addition, they help our clients prepare for busy times of year. For example, many of our clients take on additional staff during Christmas periods to deal with the influx of seasonal customers. This comes at a great upfront cost as revenue is not finalized until the end of the busy period. Retail loans help our clients pay for seasonal staff upfront so they can capitalize on the increase in demand. You can apply for one of our loans through our streamlined online portal that takes the headache away from applying for business related finance. Instead of extensive and complicated document requirements, we look at revenue data to determine if you are eligible for one of our loans. The application process is painless and automated, you can apply for up to $150,000 in financing today!

Retail Loan

Why Us?

We understand the retail industry; we’ve been connecting retailers to lenders ever since we started our firm. We provide financial support that is tailored to help you meet your retail related costs. In addition, we’ve made accessing financing as painless as possible — this way you can receive a loan quickly and without the hassle of traditional lenders. Traditional lenders can take weeks to approve your small business loan. In addition, they often require extensive documentation that you may not have access to, depending on the age of your business. We don’t – instead, we ask for details on your current revenue streams that ensure the application process is not too complicated. Your business can be young and still eligible to borrow from us, unlike with many major lenders.

How Can You Take Advantage of Your Loan?

There are endless ways that a retail loan can help you improve your business. The way that you use your funding is completely up to you, but most of our clients use their retail loans for the following purposes:

  • Investing in emerging technologies
  • Undertaking marketing or advertising campaigns
  • Hiring seasonal employees
  • Investing in excess inventory for certain times of year
  • Training staff
  • Covering costs for damages or other business related expenses

Why get a Retail Business Loan?

Whether you are just starting a new retail business or you have an established retail company, you can benefit from considering a retail small business loan. As a business owner, all of the pressure is on you to cover day-to-day expenses as well as whatever seasonal expenses may arise. Having some source of funding to help with bridging the gap in income can do wonders for the future of your retail establishment.

Access to emergency funding

In retail just as in any other business, emergencies arise which can cause you to need immediate access to cash. Whether your retail property has sprung a leak or the air conditioner has stopped working, you will need an emergency fund on hand so that business doesn’t have to come to a halt.

Covering expenses

From invoices to payroll to operational expenses, the list of potential expenses never seems to end when you are a business owner. Covering expenses is a vital part of ensuring that your business continues to be profitable month after month. If you are struggling to make ends meet however, taking on a business loan may add more burden than benefit. For this reason, it helps to make sure you can manage the loan payments and turn a profit to make taking out the loan worthwhile.

Making bulk purchases

In retail, the majority of your profit comes from buying low and selling higher than the cost. In order to do this, you will need to have access to a way to make bulk or wholesale purchases. However, these types of purchases usually cost a lot more than purchasing in small batches. This is where having funding from a retail small business loan can prove to be beneficial.

Improve your retail website

With the bulk of shopping taking place online in recent years, having a robust web presence is a vital part of any business marketing strategy. If your website is in need of an overhaul to attract more customers and convert more sales, a retail small business loan can offer just the right solutions.

Manage seasonal fluctuation

Your retail store may do an amazing job of bringing in customers in the Fall and Winter but during Spring and Summer, sales may be slower. You can bridge the gap in income and manage seasonal fluctuations by obtaining a small business retail loan.

Retail Loan

A Retail Business Line of Credit

In addition to obtaining a standard retail small business loan from a traditional lender, retail companies can benefit from considering whether or not a business line of credit may work for them. Unlike traditional lenders who want substantial financial proof and extensive paperwork completed, an online business line of credit lender makes the process much simpler. With this lending option, your retail business will have access to a steady line of funding without having to make large repayment installations every month. In fact, you only have to pay off the balance you use in a set amount of time and once your balance is paid, you have access to your line of credit once again.

Why Your Retail Business Might Need a Business Line of Credit

Instead of going through the stress and extensive paperwork that is part of the traditional lending process, a business line of credit is easier to come by. All that is needed is to show proof of the business's revenue to satisfy the terms the lender has set forth. There are many reasons that your retail business can benefit from a business line of credit. Some of these benefits are listed below.

Great credit is not a requirement

One of the many benefits of using a business line of credit is that great credit is not a requirement for obtaining the loan. In fact, many online lenders will extend a business line of credit to you even if your credit is less than stellar. If you need extra cash on hand for your retail business, then you can benefit from using a business line of credit in your financial plans.

More flexible source of funding

A business line of credit brings many advantages for retail businesses because it acts as a very flexible source of funding. Traditional loans have set payment amounts and exact dates when the installment payment must be made. In addition, you begin to accrue interest on the loan even if you haven’t tapped into the capital as of yet. On the contrary, with a business line of credit, you can access the capital whenever you are ready to and you are never assessed any interest until you begin to use the loan. In addition, the balance must be paid off within a specific window of time but there aren’t set installment amounts that are due every month.

Easier to qualify

It’s easier to qualify for a business line of credit than it is to qualify for a traditional small business retail loan. When you are trying to qualify for a traditional loan, the process can take weeks and the repayment terms can be very strict. However, with a business line of credit, a small retail company can qualify much more easily making the path to obtain funding a smoother one. For example it can prove challenging to find start up business loans bad credit no collateral required but they do exist.

Lower interest rates

You can enjoy lower interest rates with a business line of credit than with a standard term loan. A standard term loan calls for massive amounts of paperwork and lots of proof that the loan can be repaid in a set amount of time. This can be hard for a startup business to qualify for and often leaves small retail companies out of the running for funding. However, with a small business line of credit, a small retail company can get the quick access to cash they need for meeting operational expenses.

Purchase inventory

Inventory is the life and blood of your retail business. Without inventory, you won’t have anything to sell to your customers. When you run low on popular items, you need to be able to replenish them on demand. Accessing a business line of credit allows you the freedom to use your funds as needed to purchase inventory for your retail store.

Where can you get a retail business line of credit?

A retail business line of credit can be obtained from a bank, however, it is usually harder to qualify for this type of business line of credit. A better alternative is to obtain a business line of credit from an online lender who can provide funding quickly in just a few days.

Financing is traditionally used in business in order to promote internal growth. Access to capital in advance helps a business owner take advantage of opportunities strategically — it has been at the forefront of economic growth since the industrial revolution. So, what are you waiting for? Apply through our online portal today! Also, take a look at small business credit cards as another funding option.