Liquor Store Loans & Financing

Liquor Store Loans

In light of the economy pulling out of the recession, many businesses are seeing strong sales and margins, and they are as good as they have ever been. This means that the opportunity before you to take out a loan for your liquor store is almost certain to push your company to the next level, but would you not rather receive money based on your future sales, and not your past sales?

Taking your company further could mean a combination of marketing and facilities expansion, or the opportunity to open a new outlet in a lucrative new market. The problem is that every bank says "no" to the loan size needed to seize the opportunity. Unfortunately, no matter how sure you are that you will repay the loan, or that your business will expand, the banks just do not seem to care. In fact, they do not care, and you will only get the funds if you can prove that you can make the payments, which you can easily, and you have real assets greater than the amount of the loan. For example, if you are looking for $100,000 in capital, then the bank might require collateral in the amount of $150,000, or equal value of property and other assets, possibly more. The problem is that if you had that kind of money or assets, you would not be asking for a business loan.

This usually means assigning personal property to cover the loan, which is a step you should never have to take for your business. The problem is that operating a liquor store typically involves leasing the business property and store equipment, which leaves little room or assets to spare that could cover a loan. Because of this, few banks will even make loans to a liquor store and many will not. If you have heard this from a bank, it has probably left you in a difficult situation with nowhere to turn and nothing to put up for collateral except your personal property.

Nevertheless, there is an answer to your particular conundrum, and it is called a Merchant Cash Advance. The only asset that you will ever need is the sales that you already have, and the future business that your business will take in. A Merchant Advance is a new approach to an old problem. It is a type of unsecured business loan financing that is keyed to your future sales. As you generate those sales in the future, a portion of them will go to repay the Merchant Cash Advance. If you have no credit card transactions on a particular day, you are not charged anything for that day; there is simply no deduction. Credit card purchasing is strong in retail, and with increasing sales your advance is paid back faster.

The other major advantage to this funding option is that the paperwork consists of the form on the left and 24 hours. You will know in less than one day if you qualify. The opportunity here is to access the capital that you need to drive your business to the next level without endangering personal assets by entrusting them to a bank, while receiving a fast answer. Your credit rating is not an issue, only your business' performance, and up to $500,000 or more of cash can be deposited into your account within 5 to 7 business days after approval. You work hard and you believe in your future, as do we. Take 3 minutes, fill out the form on the left, and receive your answer within 24 hours, and your new future will begin.