Quick and Simple Retailer Financing You Can Rely On
It can be challenging to get the working money you need for your retail store from a traditional lender. Because traditional lenders frequently view retailers as “high risk” due to reasons including fluctuating consumer demand, sensitivity to economic situations, and intense rivalry from other stores, the procedure can take weeks or months, and many applications are declined.
Compared to typical lenders, Main Street Finance Group is an alternative lender that can approve more retail shop funding—often in just one business day. To support the expansion of your retail firm, we provide several forms of small business funding. Alternative retailer loans range in size from $3,000 to $500,000. Retail enterprises of various kinds, such as spas and salons, specialty shops, clothes stores, convenience stores, and more, are funded by us.
Rates of Funding for Retail Stores
A factor rate is typically used in place of a conventional interest rate in alternative retail shop funding choices. Factor rates, which are derived from your risk assessment, are straightforward decimal numbers that indicate how much "extra" you will owe on the initial loan amount.
Funding Options for Retail Stores
OUR KIND, KNOWLEDGEABLE FUNDING ADVISORS WILL COLLABORATE WITH YOU TO SELECT THE FUNDING OPTION THAT WILL BEST ASSIST YOU IN REALIZING YOUR GOALS WITHOUT IMPAIRING THE CASH FLOW IN YOUR RETAIL STORE.
Advances for Merchant Cash
Working capital is provided as needed. Until the advance is paid back (plus interest and other costs), we will earn a portion of your credit card sales on a daily or weekly basis.
Secured Loan
a secured loan that lowers risk by utilizing commercial real estate. Higher loan amounts with cheaper interest rates and costs may be authorized for secured loans.
Credit Line for Business Use
Without the commitment of a fixed-term loan, borrow as much or as little as you need. Pay interest only on the amount you have borrowed; take what you need and pay it back as you go.
Using Retailer Funding: A Guide
Main Street Finance Groupretail shop finance is not subject to any limitations. The best uses of retailer investment are usually for growth projects that boost sales at your retail location, like:
- Renovating your current location or expanding to a new one
- building an internet store to sell your goods
- storing up supplies in anticipation of a busy season or holiday
- buying inventory in large quantities for less money
- Using multi-channel marketing to enhance your advertising
- establishing a loyalty program with customized discounts
- Planning to design environmentally friendly packaging
- putting on immersive activities in your area or supporting neighborhood gatherings
- Enhancing your argumenttechnologies used at the point of sale
The following situations, in which you require an immediate infusion of working capital to address the particular difficulties associated with operating a retail store:
- Demand during certain seasons
- Online retail’s rapid growth poses a challenge to small-town retailers.
high turnover of employees and clients
- fierce rivalry between stores
- alterations in the tastes and behavior of consumers
- COVID-19
How Financing for Retail Stores Operates
Utilize
Collect three months' worth of bank statements and other documentation. Give us secure access to the transactional data from your bank account so we can approve it more quickly.
Select Funding
Within an hour (during regular business hours), a financing advisor will get in touch with you to finish your application and go over your funding alternatives.
Obtain Money
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
Decide on Repayment
Your company's debit and credit card sales on a daily or weekly basis will be automatically subtracted to cover payment. The amount of your payment will depend on your sales.
Are You Eligible for Funding from Retailers?
The specific qualifications required vary according on the kind of finance you’re looking for for your retail store. Main Street Finance Group does not grant store loans based exclusively on credit score or financial history. Rather, we concentrate on your retail store’s general well-being, which includes:
- Revenue for businesses
- Money movement
- Payment history of the vendor
- Years of operation
- Records accessible to the public
Q&A on Retailer Funding
Both conventional lenders, such as banks or the SBA, and non-traditional lenders, such as Main Street Finance Group, offer financing for retail establishments. Alternative lenders offer revenue-based financing options, like merchant cash advances for low credit, that are better suited for businesses with lower credit scores. These lenders also have more flexible approval requirements that take into account the overall health and potential of your business, not just your credit score. To find out more, speak with one of our funding advisors.
Our application process is quite straightforward, and funding is accessible the same day. Speak with a Funding Advisor or complete our one-page application form to get started.
The majority of traditional banks won’t fund retail establishments because they view them as high-risk. We can grant finance for “high risk” industries because we are an alternative lender with different approval procedures. Often in less than a day, we can give you the money you need to pay for labor, materials, project fees, and more.