Blog posts tagged with "Retail Loans"

As a retail business owner, your company has likely been profoundly affected by the COVID-19 crisis over the past few months. Depending on where your business is located, you may only be permitted to offer curbside service. Or, perhaps you’ve been given clearance to reopen your store with additional rules in place.

Do you love fashion? Are you a sewing expert? Do you have a keen eye for fabric? If so, you may want to start a clothing business. Whether you offer an alteration service, open a boutique, or become a personal stylist, you’ll get to spend your days doing something you’re passionate about. Best of all, the income potential is virtually unlimited and hours can be quite flexible.

When you are on the hunt for small business loans, it can be difficult to find trustworthy information. Let Fora Financial’s complete guide steer you to truth.

If you’re in the process of completing the retail business loan application process or have recently received one, you likely have some ideas on how you want to improve your operations. However, it’s important to review your retail business plan to make sure that you’re using your financing in ways that will help you reach your goals.

Whether you’ve recently opened a pawn shop, or you’ve been in business for years, it can be a good idea to pursue a business loan. Using your loan amount, you can tap into resources to get your pawn shop off the ground or to use as extra cash to cover day-to-day expenses.

Every interaction with your customers is significant when you’re running a small business. However, the point at which a customer makes a purchase is arguably the most critical moment in your customer’s journey.

Owning a lucrative liquor store business can seem like an easy venture but there are numerous components that go into making it a success. When running your store, you’re responsible for following liquor laws, restocking inventory, and providing helpful customer service, among other tasks. Having a business loan can be extremely beneficial, and can enable you to enhance various aspects of your business.

Owning a retail store can be challenging. Most retail businesses have a strong seasonal element to them, and a multitude of factors outside your control can impact sales. Let’s face it, some months are just slow.

If you have a great idea for an online boutique, opportunity is ripe. Of the nearly eight billion people on the planet, Nielsen Online calculates that over four billion have Internet access. Not to mention, digital stores are rapidly taking share from traditional brick-and-mortar retailers. According to Absolunet, eCommerce now accounts for almost 15 percent of all specialty retail sales in North America — and this number is growing at a rapid pace.

When running a successful small business, there will always be room for improvement. Whether it is updating technology, purchasing new inventory, or hiring more employees, there are many ways to continually elevate your business. These initiatives will vary depending on many factors, one of them being the industry that your business is in.