Retail is a tricky industry to predict. Trends and demands change quickly, making it difficult to anticipate inventory needs and day-to-day customer flow. In other ways, it can be predictable if your business has seasonal ebbs and flows. In either situation, you need to be ready at a moment’s notice to make changes to meet demand, and not having available capital can hamper your ability to do so. Business funding can help with common retail financing needs.
You can cover the costs of both normal and expedited product orders, helping to avoid a possible slow down for your business.
Hiring Seasonal Help
Financing can make it easier for you to bring on extra part-time employees to help out when you enter your business’s busy season.
Funding an Expansion
Funding can give you the opportunity to either expand your existing space or move to a bigger and improved location.
Business Funding From The Business Backer
There are three products available through The Business Backer that can be used to cover a retail business’s financial needs.
From Application to Funding in 3 Easy Steps
- Apply online.
One of our experienced Funding Advisors will call you shortly.
- Receive a decision.
Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.
- Receive your funds.
Sign your contract and receive funds as soon as next business day, if approved.‡