Revenue-Based Financing For Retail Stores
As one of the leading revenue-based financing providers, Mantis Funding will work with you to create a custom-made plan for your success to support your retail business dreams.
What You Need To Know About Financing Retail Stores
From retaining employees to developing a customer base and marketing your business, there are many unique challenges facing retail store owners today — some of which can impact your bottom line. Unexpected expenses like renovations or repairs could hamper your retail store sales if you don’t handle the issues quickly enough. Maybe you’re just starting out, and the initial inventory expense has you seeing stars. Don’t worry, though: Mantis Funding is here to help. Revenue-based financing for your retail business can be applied to many areas of your company and help you to get back on track.
How to Use Retail Store Financing
It’s not uncommon for retail store owners to run into cash flow problems. Retail stores can have low-profit margins due to the nature of their business. Companies may experience supply chain disruptions, changes in the market, and changing consumer habits — all of which could impact the financial status of your company.
Retail store financing can allow you to put funds toward renovations, marketing projects, new hires, and other retail technology like a mobile app, improving the customer experience and helping your store to thrive.
Frequently Asked Questions About Retail Store Financing
Finding funding to expand your retail store business might seem like a daunting task. Mantis Funding is here to answer all your questions and provide you with hand-tailored revenue-based financing solutions.
What is retail store financing?
Retail store financing is available for everything from small boutiques to multiple franchised locations. In order to see an increase in profit, retail store owners must first invest in their store location, inventory, marketing outreach, and customer experience. Revenue-based financing for retail businesses allows companies to increase their cash flow in order to make crucial business decisions without the lack of funds holding them back. At Mantis Funding, we’ll provide customized repayment plan options so you can secure funds while continuing to grow your business.
How do I get funding for a retail store?
When it comes to securing funding for a retail store, most lenders have a list of requirements you’ll need to meet. They may require your credit score, yearly revenue, age of company, business plans for funds and tax returns.
At Mantis Funding, our eligibility requirements are simple:
- Your business has been operational in the U.S. for at least 6 months.
- You own at least 50% or more of the business.
- You can pass a minimal credit score check — low credit scores are ok!
If you meet these basic requirements, then we invite you to fill out an application for funding so our representatives can get started on the approval process.
What is the benefit of retail store financing?
There are a variety of benefits to retail store financing. With retail store financing, you can:
- Invest in new customer technology
- Expand your marketing initiatives
- Hire and retain staff
- Expand your inventory stock
- Increase Payroll Funds
Why choose Mantis Funding for retail store funding?
Unlike typical small business loan requirements, the revenue-based financing that Mantis Funding provides is a hassle-free process with quick turnaround times. Our combination of experience, industry knowledge and great customer service make us a perfect partner for your business. We offer flexible repayment structures to suit your business needs. Once the terms have been finalized and you accept the offer by signing the financing agreement, we will complete the bank verification and funding call process so that you can quickly receive the funds in your business bank account within one business day.
What types of financing are available for retail stores?
There are a variety of financing options available for retail stores. Options include:
Small Business Loans: Small business loans can be provided to you through a bank or another alternative lending institution. Your credit score, revenue streams, and current debt may play a role in securing a small business loan.
Business Line of Credit: Retail store owners can take out a line of credit as one financing option. They would then pay interest rates on the amount that they actually borrow and make payments back over time.
Small Business Administration (SBA) Loans: SBA connects small business owners to reputable lenders that generally offer lower interest rates and better agreement terms. The different SBA loans include 7(a) loans, 504 loans, and Microloans. 7(a) loans have no minimum amount, which makes them ideal for retail store owners. They have a maximum limit of $5 million. Microloans are great for financing equipment and machinery while 504 loans have a fixed rate over a long period of time.
Equipment Financing: Equipment financing allows you to finance fixed assets that are integral to your store’s operations.
Mantis Funding offers revenue-based financing which is an alternative form of financing that exchanges working capital (cash) for a set amount of the business’s future revenue streams.
What’s the difference between loans and revenue-based financing?
Revenue-based financing is an alternative form of financing that exchanges working capital for a set amount of the business’s future revenue streams. Various sectors like the trucking, retail store, and automotive industries can all benefit from revenue-based financing when they need to grow their business in a short amount of time — all with fewer regulations than are commonly associated with traditional lenders. Companies don’t have to give up any equity either, as is typical with venture fundraising.
The amount of financing that a business qualifies for will ultimately be based on the total monthly revenue that it generates. Repayment structures are either daily or weekly, and they are directly debited from the business’ bank account.
View our How it Works page to learn about the three main differences between a traditional business loan and revenue-based financing.
Other Industries We Service
We service a wide variety of industries, including the retail and automotive sectors, as well as both medical and liquor stores. Industries range from trucking businesses to nightclubs. We also service other industries that are not included on this list and invite you to fill out an application for funding so our representatives can reach out to you. We understand the challenges of the market and cash requirements for business owners and will be able to walk you through every step of the way.
Get in Touch
Want to learn more about our application process or still have other questions?
Our qualified representatives are standing by to lend a hand.