Whether your business operates on the high street, online, or a mix of both, the last decade has brought significant changes in how your customers shop.
In recent years, we’ve also seen further shifts in consumer behaviour and supply chain logistics. These changes have required many of our retail clients to rethink their buying strategies and the way they plan for peak trading periods.
Cash flow needs
We’ve all seen the headlines of retailers struggling in recent years. We want our clients to trade successfully, which means cash flow should be reviewed far more frequently than in most other industries.
Do you have the working capital you need to manage seasonal challenges and seize opportunities as they arise? This is especially important when preparing for busy periods. We can help with cash flow projections and ensure your credit score is as strong as possible, helping you secure the best terms from your suppliers.
We also know that many retailers are investing in areas such as:
- Improving stock systems to handle both physical and online sales seamlessly
- Refreshing branding, décor, and fixtures
- Covering ongoing costs like rent, rates, advertising, wages, insurance, and energy bills
Sources of finance for retailers
With access to over 100 lenders and a wide range of finance products, we can help you find the right solution for your business. Common options for retailers include:
- Merchant cash advance – A loan where repayments are linked to your daily card transactions.
- Revolving credit – A flexible facility, similar to an overdraft, with interest only charged on the balance used.
- Term loans – A straightforward option for many purposes, with availability and terms dependent on your credit score. Open Banking can improve your chances of approval.
- Asset finance – Funding for equipment or fixtures, repaid over a fixed term and secured on the asset.
- Property finance – If you’re looking to purchase retail space rather than rent, commercial mortgages may be available.
Helping with your funding needs
In a fast-moving retail environment, having the confidence to make decisions comes from knowing you have access to the cash you need.
For more information about any of these areas, please contact Sarah Hartshorn.
