Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Apparel Retail Store Business Loan. Your best option might be through a bank. Banks and SBA lenders interest rates tend to be lower than alternative lending. The approval process at a typical bank can take over a month since they must evaluate you so thoroughly. Running a successful store requires hard work, perseverance, and flexibility to succeed. Between the demanding competition, high operational costs, and the constantly fluctuating customer demand. You need to continually invest in the future of your business in order to remain ahead of rival companies. You deserve access to the funding that will allow your store to realize its full potential. Whether you need money to expand, invest in new materials and accessories, marketing your business, or furnish and decorating your store, a capital business loan can to aid in the growth of your company.
Are an important part of our local economies. There are thousands of independently owned retail stores operating in small stores and larger scale shopping malls throughout the country. They require working capital to grow and maintain their business that sometimes isn’t made available by traditional bank lenders. Traditional lenders require personal guarantees and collateral, it can be difficult for an owner to get the cash the need to operate. Because credit has become so tight, most of the suppliers and manufactures to these stores are not providing the same payment terms they once did requiring owners to pay upfront for merchandise. It can become almost impossible to stock the store with inventory. For retail business owners looking funds in order to pursue time sensitive opportunities, a business capital loan is for you.
The application process is different from other banks or lenders. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. How much capital that can be borrowed depends on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.