A Retail Business Loan Prepares For The Future
A retail business loan will help a business owner prepared for future trends in retail buyer behavior. In 2018, the purchase of items that the consumer HAS to buy will become easier as technology and on-line retailers simplify and streamline the process. Essentially the chore of everyday purchase will be easier through subscription purchases, electronic online payment and same day home delivery.
Meanwhile, the physical component of retail, the process of discovering new products and socializing with others, will still exist. The consumer will still make their way to physical retail stores, not just to purchase an item, but because they want to get experiences that they won’t find with online shopping.
Financing for a retail store can be difficult due to the nature of the business and a traditional lender’s uncertainty about lending to what is considered a high risk sector. As a result, a traditional lender will require a solid business plan, plus years of financial and credit history together with asset collateral to decide whether it is a prudent financial risk to extend a retail business loan.
Often a traditional retail business loan will require a minimum of two to three years of successful operations to be considered. The good news is that a retail business is no longer dependent on traditional financial institutions. Nexus Financial Services offers retail business owners alternative financing options, like a small business loan and a merchant cash advance, to allow owners the capital they need to strengthen their business and take advantage of new opportunities.
Whether you’re looking to attract more walk-in traffic, more revenue per customer, expand or remodel your local, add new POS equipment or technology, additional business capital can help you get there with ease. With our business financing options, whether a retail business loan or merchant cash advance, your additional capital can be used to finance:
Front Of House Improvements
- Purchase chairs, background music, signage
- Update floors, tables, decore
- Revise entrance area for efficiency
- Go Green with walls and displays
- Expand staffing
Back Of House Expenses
- Upgrade restroom and delivery area
- Replace equipment and store security
- Improve stocking areas for improved efficiency
- Purchase small wares
- Upgrade safety conditions
- Modernize audio and video system
- Integrate POS with inventory system
- Refresh business web site
- Create retail business mobile app
- Use mobile SMS to current custoemrs
Day To Day Operations
- Additional training of staff
- Repaint, add promotional items
- Purchase new staff uniforms
- Balance cash flow during down periods
- New/expand advertising
A Retail Business Loan Prepares For The Future
A Simple Process – Apply online in minutes, get approved in 48 hours and access to funds in 72 hours!
Higher Approval Rates – Approval for funding is based on the overall health of your business, not just FICO score.
Daily Repayments – Daily scheduled payments mean no large lump sums are waiting for you at the end of the month.
Flexible Terms – We offer terms up to 18 months and business funding amounts ranging from $5,000 to $500,000 so you can unlock your success.
Very High Approvals
The application process for our retail business loan financing is simple and straightforward. Since we focus more on the strength of your business than your personal credit score, we have very high approval rates. Your business can receive a decision and get funding in just a few days. Our general guidelines are:
Business Age – Your business has been operating for a minimum of one year.
Monthly Revenue – Your business monthly revenue is a minimum of $5,000 in sales.
Credit Score – We take into consideration your business credit, but it is only one of several factors we consider.
Why Choose Nexus Financial Services?
Whether your business needs new equipment, additional inventory, more personnel, room to expand or an acquisition opportunity you don’t want to miss, we can help you obtain the financing your business needs to make it happen. Our small business loans and merchant cash advance are designed to help you start your business, manage the challenges as you build your business, or support you through the seasonal slow times of your industry.
At Nexus Financial Services, we provide a variety of financial options for small businesses. We are there for you when you need to make fast investments to take advantage of available business opportunities. Our small business loans and merchant cash advance can be approved within a couple of days versus the weeks or months of a traditional lending institution. Because we have the experience and understanding of small business needs, we also offer some of the best small business loans and financing solutions available that result in the success of our clients.