Retail: how is a store’s file read by lenders?
A store, boutique or online shop is presented from the sales that reach the account, in store or online. The lender compares this season with the last one, and decides.
Choose my amountThe answers
- Can I finance inventory ahead of the season?
- Yes, as a working-capital need sized on your deposits. The lender reads last year’s season in your statements to see what the stock turns into.
- I sell online as well as in store: do those deposits count?
- Yes. Payouts from your online platform land in the business account like card settlements, and the lender reads them the same way.
- Can I finance another location or a renovation?
- Both can be presented as a working-capital need; fixtures and equipment can be presented on their own. The lender sets the amount in its written offer.
- My sales fell this year: is the file still worth presenting?
- It can be presented, with the drop explained. The lender weighs the trend against the current deposits and decides.
What the lender looks at
- Actual deposits, month by month
- Card settlements, online payouts and cash, month after month.
- Trend over the period
- The lender compares this season with the last one, not one month with the next.
- Days in overdraft
- Stock paid for before it sells shows as time below zero.
- Payments to other lenders
- A point-of-sale advance already running comes off what a new lender can offer.
$0 upfront · 7% only if funded
An intermediary, not a lender.
The lender sets the final amount and its cost in its written offer.
Choose my amount