It is no secret that the phenomenal rise of online shopping has hurt the retail stores tremendously, as more and more people find out the benefits of shopping at home with a laptop or desktop computer.
Retail stores still play a very important part in many people’s lives, as it allows them to physically see what they are buying; this cannot be done with online shopping. Retail stores in the USA as in other parts of the world are fighting back to regain their customers, but this needs money to improve, enlarge, advertise, and promote. Earlier the best option for financing your retail store was through banks and financial institutions, but since the recent economic fallout, they have become very strict about lending to small businesses.
Another way that retail stores are competing with their internet competition is to enter the online business, but that takes money and expertise. This is where retail store financing for small businesses makes their mark. They do not require credit checks and other documentation; their experts will go over the business to verify that it is a running concern, and if the report is favorable, the funds will be available within 72 hours.
The only documentation that these companies need for providing your retail store financing is bank statements and credit card sales for the past three months. With the funds at the retail store owner’s disposal, they can use it for expansion, purchasing inventory, payment of overdue bills and taxes, interior decoration, or even getting into online sales. The application process is very simple; just fill in the online form and wait for their representative to visit the store for an assessment, find out where the funds are to be used and maybe make a suggestion or two on how to improve sales.