Do you need a loan for your retail business?
Compare quotes from a panel of business lenders to take out a loan for your retail business. Whether you need finance for assets, stock, refurbishments, cash flow or anything else, apply today to compare quotes & discuss your requirements with a broker.
What is a retail business loan?
A retail business loan can take many forms including asset finance, unsecured and secured business loans & merchant cash advances. It essentially gives retail business owners access to finance when they need it to help their business flourish. The amount you pay back depends on the type of product you require, the length of the loan & other factors including the strength of your balance sheet. Finance rates can start from as little as 2.5%.
What can a retail business loan be used for?
Funding for your shop can be used for a number of purposes including spreading the cost of large purchases over a period of time, investing in stock, refurbishment and more. As the owner of your shop, you are the expert and you can decide what you need the loan for.
Is my retail business eligible?
Our panel consists of a variety of lenders including alternative lenders that are able to offer finance solutions to businesses that would not meet strict lending criteria imposed by more traditional lenders, e.g. high street banks.
That said, you will still be required be company’s financial position. Your company turnover and credit history as well as your personal finance history (if required) will be looked at.
To be ready for this it helps to have your financial accounts and bank statements to hand as well as a business plan.
Compare retail business loans
To apply, submit your details via the application form, providing basic company details at this stage. You will then be contacted by members of the panel to discuss your requirements in detail and provide you with a quote.