Retail Store Funding
Challenges for Retail Stores
Retail is one of the biggest industries in the U.S., and there is a huge opportunity for small businesses to target specific groups of customers or offer products that the megastores won’t carry. However, running a retail store involves a huge number of costs, from carrying inventory to training a high-turnover employee base, not to mention unexpected expenses like repairs or improvements to your physical retail space.
You need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now.
Working Capital from iBusiness
Working capital from iBusiness is different. We evaluate your application based on your real-world business data, not on just personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account.
Advancing Your Business
What can you use your funding for? It’s up to you, but retail store owners have used their working capital for:
- Hiring and training new staff.
- Buying inventory
- Investing in clothing racks or displays
How do you know if you qualify? Most businesses that have been around for at least six months and have a monthly revenue $6,500 or more can get funding from iBusiness. Don’t wait any longer – click the “get started now” button or call us at 855-462-4249.