The classic British corner shop, newsagent and off licence is the backbone business on the high street. A high street convenience store offers local residents pretty much everything they need close to home. With the marketing around the likes of the great British high street we are starting to see a shift in shoppers returning to the high street in support of local businesses.
This has been a tangible shift with smaller towns who are working closer with their local community and county council helping with initiatives to regain footfall in the community.
The small corner shop business is back, at the very heart of the community and the heart of these initiatives. We have helped hundreds of corner shop business find the funding they needed to grow and survive some tough economic times.
Where the banks said no, we said yes. Where other financial companies wanted more commercial security for finance our product required none. The merchant cash advance product has been a fantastic product as a corner shop business loan.
Fast to fund with our average time being under 24 hours. A simple application, with no long winded paperwork or lengthy underwriting processes. The funding is unsecured which means you don’t have to secure your commercial premises or business assets against it. The funding simply works in-line with your cashflow.
If you run a convenience store and need money for growth then a business cash advance could be the solution you’re looking for. Unlike traditional business loans for convenience stores, advances are very flexible, quick and easy to apply for and can seamlessly integrate into your existing PDQ supplier.
It simply works by releasing your future credit and debit card transactions in to cash. For example, if you average around £6000 a month on card sales you could get an advance of up to £6000 or more.
Before the lender releases the cash they will agree a small percentage of your future card income to repay the advance. Repayments are flexible and made only when you sell to you customers through you card machine. So, there’s no fixed monthly payments terms to worry about. If you have a good month you pay back faster, if you have a slower less busier month then you will pay less back.
Your cash sales are safe and are not taken into account. Poor credit history? Don’t worry, we can still help, just mention it to our team from the beginning and we can still help.
Getting a corner shop business loan has never been easier. Complete our simple online form for a no obligation FREE quote and a member of our team will contact you back to discuss how we can help your business.
We’ve helped 1000’s of businesses like yours get the funding they need for:
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