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Liquor stores are typically ideal candidates for business loans against credit card sales. Most of their customers pay via debit and/or credit card, and their finances are prone to occasional dips in revenue. Perfect cash flow is not a mandatory requirement for business loans against credit card sales, which are paid back via a fixed percentage of debit and credit card transactions. This payment system makes credit card processing loans the perfect tool for buying inventory at any point of the year.
Traditional, short-term working capital loans might be more appropriate for liquor stores looking to replace equipment or simply stay current on vendor bills. Some UCS clients use working capital loans to continue ordering items on a cyclical basis, making them eligible for discounts. When an item is selling unexpectedly well during a busy period, a business line of credit could help the store order more items and offer exclusive deals.
In an industry where inventory management is so important, borrowers are encouraged to pursue additional working capital solely to keep the right amount of inventory in stock at all times.
Big opportunities should not be turned down
One of our liquor store clients is located in a South Florida beach town. He contacted us after being approached by an alcohol manufacturer about showcasing a new line of pre-made, plastic-packaged beverages. In order to host the launch event, he needed to purchase a minimum quantity of the beverages and pay for the event to be promoted in local media.
It took United Capital Source just three days to get our client a merchant cash advance. The store owner was able to quickly tell the manufacturer “yes” and purchase the items before a competitor capitalized on this fleeting but lucrative opportunity. Apply now to see how much you qualify for!