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Business Loans Guide

Retail Business Loan

A guide to helping you understand and compare retail business loans online

Are you searching for a retail business loan?

Whether you are starting a new business or require a retail business loan to assist your existing company, our panel of lenders can provide business loans for every reason.

How a retail business loan could help you

A retail business loan which is tailored to your unique requirements could guide your business towards success. We work with some of the most flexible lenders of retail business loans, who can help with everything from financing fittings and fixtures in your store, to increasing your short-term working capital.

One of the key factors in ensuring your business is able to attract the customers you require is to invest in the décor and fittings of your store, such as a stylish interior or high-tech point of sale machines. In addition to these expenses, the day to day costs of running a retail business can fluctuate at various times of the year, with a variety of unexpected costs putting pressure on your working capital. You may need to employ additional staff, purchase new inventory, or even pay for a marketing campaign to improve sales.

Whatever you need to help your business succeed, we will support you by helping you access a competitive retail business loan.

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How to find the ideal retail business loan

By considering what type of finance your business needs and what repayment terms you require before applying, it will help you find the ideal retail loan provider. For example, there are options available for short-term lending such as a merchant cash advance, credit card, overdraft or a fixed line of credit. These forms of finance start at £1,000 and are generally repaid in less than one year.

If you require a larger amount, a longer-term loan may be a better option, such as a secured fixed term loan or an equipment finance loan. The options available to you will be dependent on the financial situation of your business, your credit history and your specific loan requirements, although our lenders can provide anything up to £20,000,000.

Our comparison tool is designed to help you find a retail business loan quickly and easily. Simply fill out the short series of questions, which will help the lenders find out more about your business and you will be provided with a list of potential loans.

How to improve your chances of being accepted for a retail business loan

The best way to improve your chances of being accepted for a retail business loan is to prepare your financial accounts in advance and spend time writing a detailed business plan. A comprehensive application should outline the costs you are facing and how the loan will assist you in moving your business forward. By showing that you have a strong grasp of the finances, it will be clear to the lender that you will be able to repay the loan within a realistic timeframe.

However, the most important factor in your loan application will be your businesses financial situation. This includes its present financial position, history and credit rating, although your own personal finances may be considered. If your financial situation is considered high risk, your chances of being approved will increase if you are able to provide security or a personal guarantee.

To find out more about applying for a retail business loan, try our Finance Finder to tell us a bit about your business and what you’re looking for. We’ll then compare the market to find suitable retail business loans.

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If you need some free advice our business experts would be happy to help

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