Lingerie stores across the UK can now take advantage of unique funding called a merchant cash advance – an alternative business loan. Unlike many other types of loan product, a cash advance is unsecured and only repays as and when you make sales. This way, you don't have to meet a set monthly repayment amount as you would do with a conventional business loan.
If your lingerie sales are low for the month, then you simply pay back less – in line with your lower sales.
The business loan that's a perfect fit for lingerie shops
This type of business finance is ideal for a lingerie shop, whether you are on the high street or online. As long as you process card payments from your customer, you should qualify for this type of alternative business finance.
The UK government also backs the business cash advance product via The British Business Bank's investment arm who have already invested £5 million into supporting the product.
We have helped many small businesses access funding via a merchant cash advance, a product that is gaining popularity month on month across the UK. The application process is streamlined, quick and easy to apply. The customer obtains a quote within the hour, and there is no lengthy paperwork or business plans required.
We have helped many lingerie stores, shops and boutiques, both online and on the high street. Funding can be used for buying more stock, expanding your premises, building websites and marketing budget or general cashflow. In fact, the merchant cash advance can be used for any purpose.
As the loan works with cash flow, your business is not under pressure to meet a set monthly repayment figure. There are no nasty surprises, no hidden charges, no early or late repayments and no fees. Just one agreed figure is repaid via a pre-agreed percentage of the business's credit or debit card transactions.
We offer funding for lingerie businesses from £3000 – £300,000, and again to reiterate, this loan is unsecured, which means there is no requirement to secure a personal or commercial property or asset against the funding.
Talk to our friendly team today to see how we can help with your funding needs.