Quick Funding for Your Retail or Ecommerce Company
Financing For Your Retail Business
Running a retail or ecommerce business is challenging even without worrying about financing. In addition to managing employees, maintenance expenses, inventory, overhead, etc., managing the cash flow of a retail business is no easy task. With so many moving parts it's important to have a flexible financing partner that understands your business.
There are a few great options for retail businesses to find financing. MRKT has been working with retail and ecommerce companies for years developing flexible funding programs that work. Below we talk about some of the best options for funding your ecommerce or brick and mortar store.
Funding for retail and ecommerce businesses has historically been a challenge. While brick and mortar stores are strapped with overhead and large expenses, lenders hesitate to provide large amounts of capital to simply sustain operations. With technology improvements, fin-tech lenders and new credit programs greater capital is available and much easier to come by for retail and ecommerce companies.
Top options for funding a retail or ecommerce company include:
Term Loans - Term loans are based on your cash flow and ability to repay a loan over a certain period of time. Availability is often limited here as term loans are spread out up to 5 years in some cases. If a lender is willing to make that term commitment they need to be confident you are around for another 5 years.
Cash Advances - Cash advances are based on your recent past revenue or deposits. Not so focused on profitability or positive cash flow, a business owner needs to manage Cash Advances closely. They are easy to obtain and quick to funding. While it's tempting to take out the full amount. A great tool to use when you need short term funding and you need it fast.
Line of Credit - A Line of Credit(LOC) works great for retail and ecommerce businesses that may just need a little extra working capital from time to time to fill orders, cover overhead during slow times, or purchase inventory. A Line of Credit is a set amount of funds that are available to a business to pull from as needed.
Supplier Credit Facilities - Companies selling direct to consumers can not qualify for purchase order financing to purchase goods for resale. A supplier credit facility is a great tool to use for purchasing goods for resale or even internal consumption. Under a Supplier Credit Facility or Supply Chain Finance a lender becomes a vendor by purchasing and selling goods directly to their client with a slight markup(lender fees). Credit decisions are made off the clients credit and funding in this situation happens very quickly.
MRKT Capital structures creative working capital programs for retail and ecommerce companies. If you are looking for funding for your business contact a MRKT Capital representative today at firstname.lastname@example.org. We will get you funded, fast!