Working Capital Funding Solutions for Liquor Store Owners
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Working Capital Funding Solutions for Liquor Store Owners

When it comes to acquiring working capital during times of need, many liquor store owners find themselves in a bind. Many banks and traditional lending institutions deem liquor stores as high risk clients due to two main factors:

  1. Seasonality: Many customers only make purchases during special holidays or events causing fluctuations in cash flow
  2. Cash Intensive Industry: The liquor business is prone to money laundering and other illegal activities

Alternative Financing institutions, such as Excel Capital Management, offer many car liquor stores a wide array of business financing options despite the aforementioned risk factors, and there are many benefits that make them competitive, if not better, than the big banks. Here are some of the pros and funding solution options:

  • No personal collateral required
  • Minimum paperwork required
  • Poor credit considered
  • Repayment terms are flexible
  • Fast Processing
  • No personal guarantee
  • No application Fee
  • Builds your business credit
  • Funding can occur in as little as 2 business days

Merchant Cash Advance: Short-term financing transactions that are collected through a set percentage of your Visa and MasterCard sales that are accepted at your place of business. Probably the most common term used in the industry. These do not have a set repayment schedule and are based on the volume of your businesses credit card processing sales. These are usually only guaranteed by the future sales of your business.

Invoice Factoring: Invoice Factoring is used to finance businesses with short-term cash flow issues – especially when your business doesn’t qualify for a traditional bank loan or any other alternative solution. Your lender will factor your business’ customers’ invoices to match your working capital needs.

Equipment Financing: Equipment Financing is a loan product used to help business owners purchase any type of equipment needed to run the business. The loan amount is dependent upon the type of equipment needed, as the repayment term is usually as long as the expected life of the piece of equipment and if it is used or new.
ACH Loan: These loans may need personal guarantees, and have a fixed repayment schedule that is paid either daily, weekly or monthly. These products are catered to industries that do not accept credit cards and need a fixed payment.

Term Loans: A loan that is backed by a bank for an exact amount that has a specified repayment timetable and interest rate that are adjusted accordingly. Terms mature between 1 and 10 years.

Business Lines of Credit: A rotating loan that gives business owners access to a fixed amount of money, which they can use day-to-day according to their need for cash. Interest is only paid on the amount of the advance actually used.

For more on business financing solutions for your car dealership, or any kind of business for that matter, visit our Solutions page and APPLY NOW!

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