Funding for the Retail Industry
The retail business is hot right now. Whether an online retailer or if you own a brick and mortar retail store, you want to make sure that you are out in front of customers. Customer experience is everything in the retail business, and to offer the best customer experience, you have to attract the clientele. According to recent surveys, customers are 75% more likely to purchase from a retail store they recognize and if drawn to the brand.
So the question is, what have you done to bolster your brand lately?
Marketing takes money—this goes without saying. With a crowded marketplace, you as a retail store owner need to invest in branding, in getting your products and your name out there and in doing what is necessary to keep a steady customer base. Perhaps cash flow isn’t where it should be at the moment, maybe sales have slid off a bit. You still cannot afford to neglect those marketing efforts. This is where a retail store business loan might be able to help you turn things around!
At First Union, we understand the retail business, and we know what it takes for you to remain competitive. This is why we look at the entire picture—not just your credit score. So even if your FICO is less than stellar, we can still help get you to get funding for your retail venture. What can you use a line of credit, merchant cash advance or small business loan for:
- Purchase more inventory
- Hire more personnel
- Work on branding. Create a new website, amplify marketing efforts, whatever you need to do to publicize your store.
With loan programs ranging from $5,000 to $1,000,000, we have the flexibility you need when it comes to retail store financing. The application process is quick and easy, and some receive funding within two days. Repayment options are tailored to your direct needs. Also, with a dedicated advisor, your questions are answered instantly.