Retail store business loans, fast.

Apply for financing today to maintain inventory, drive foot traffic, pay employees, or cover seasonal trends.

Apply in 15 minutes

75+ lenders

Personalized support

Reviews from retail business owners.

Lendio knows the retail business.

With Lendio, you can explore different financing structures to find
the one that fits your company’s next big move. Use funds to:

Bridge seasonal downturns

Purchase inventory

Refinance existing debt

Pay your employees

Invest in marketing

1. Tell us about your business.

Answer a few simple questions and complete the application in minutes.

2. Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

3. Compare offers.

Find the funding option with the terms that best fit your small business goals.

4. Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

Ways to use a retail business loan.

Purchase inventory

You’ll want to make sure that your retail business is fully stocked with inventory. You can use a retail business loan to replenish your inventory, especially during peak shopping seasons or in anticipation of a sales surge.

Invest in equipment and technology

Adopting high-tech solutions enhances your operations and gives you a competitive edge. With a retail business loan, you can invest in modern point-of-sale systems, security equipment, or other technology that enhances your business operations and customer experience.

Utilize marketing and advertising

Marketing and advertising are essential for bringing customers to your retail business. With a retail business loan, you can fund marketing campaigns or advertising initiatives to attract new customers and boost sales.

E-commerce integration

Expanding your business from a physical storefront to an online retail business will grow your customer base. In the age of digital shopping, you can use a retail business loan to develop or enhance your online retail presence.

Types of business loans for retail small businesses.

Revenue-based financing

Also called a business cash advance, revenue-based financing allows business owners to borrow money based on expected future revenue and then repay the amount in daily or weekly payments.

TERM LENGTH

1-15 months
MAX LOAN AMOUNT

$1 million

Debt financing

Debt financing is a traditional loan product. The full loan amount is received in one lump sum, and monthly payments are made until the loan is fully repaid with interest. Borrowers have two options when using debt financing for their retail business loan needs: term loans and SBA loans.

TERM LENGTH

6 months-25 years
MAX LOAN AMOUNT

$5 million

Line of credit

If you understand the premise behind a credit card, then you’ll understand a line of credit. As you pay down your balance, the line of credit once again becomes available. Business lines of credit can be used for a variety of purposes, making them great for general capital needs.

TERM LENGTH

6-24 months
MAX LOAN AMOUNT

Up to $250,000

Pros and cons of retail business loans.

Business loans, like any financial decision, carry both rewards and risks. They can propel you towards growth and innovation or, if not managed carefully, may lead to financial strain. Be sure to weigh the potential benefits against the possible pitfalls of manufacturing business loans as you consider this financing option for your retail enterprise.

ProsCons
Liquidity: Loans provide immediate access to funds, enabling you to cover costs or make investments without depleting your cash reserves.Debt: Borrowing automatically means incurring debt, which will need to be repaid with interest over time.
Growth Potential: Loans can facilitate business expansion, hiring, and upgrades to equipment, potentially leading to increased revenue.Collateral Risk: If your loan is secured, there’s a risk of losing your collateral (such as property or equipment) if you can’t repay the debt.
Budget Planning: Loans often have fixed repayment schedules, making it easier to plan your budget.Impact on Credit Score: Failure to repay the loan can negatively impact your business credit score.
Innovation: Access to funding can facilitate research and development, leading to product innovation and a competitive edge.Restrictions: Some loans come with restrictions on how you can use the funds, limiting your financial flexibility.

FAQs

A retail business loan is financing offered to retail businesses to help them cover various expenses such as inventory purchases, store renovations, equipment upgrades, or working capital needs. These loans can be offered by banks, credit unions, or online lenders and typically require the business to meet certain criteria, such as creditworthiness and business history, to qualify. The loan terms, including interest rates and repayment schedules, can vary based on the lender and the borrower’s financial profile.  

Minimum requirements start at:

  • A credit score minimum of 600 
  • Monthly revenue of $8,000 or more
  • At least six months time in business

 

Use a retail business loan to cover a mix of retail expenses, including to:

  • Pay employees
  • Purchase inventory and supplies
  • Market your business
  • Upgrade your equipment and facilities
  • Cover the bills

Compare loan options from multiple funders.

Applying is free and won’t impact your credit.
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