Best Retail Business Loans

  • Get up to $750,000 funded within 24-48 hours
  • Lowest APRs starting at 7%
  • Transparent and flexible payment terms
  • Up to 2 year loan term length
  • Both good and bad credit scores can get approved
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Retail Loans

Clarify helps local retailers pursue the American dream and achieve mass success with the financing their retail business needs.

Best Business Loans for Retailers

Managing inventory and seasonal trends are two critical needs for local retailers to succeed. Both require owners to have working capital on-hand to execute.

That's where Clarify comes in -- we help retail business owners get the financing they need to weather out fluctuations in cash flow, hire more staff, purchase goods, and grow.

Whether you have good or bad credit, our network of 75+ alternative lenders provide the industry's lowest interest rates. Running a retail store is complicated enough. We strive to keep the funding process transparent, quick, and easy.

Benefits of Retail Loans

The retail industry generates $3.5 trillion dollars in the United States and creates 42 million jobs. As a retail business owner, your cashflow fluctuates depending on how much inventory to stock and seasonal trends. This makes having access to working capital critical to success. A business line of credit or term loan can help bridge gaps.

Bridge gaps in seasonal trends

Better manage cashflow during seasonal demands with a working capital loan. Have access to funds when you need them the most.

Purchase more inventory

During high demand seasons, having extra inventory on hand to maximize your sales potential is crucial. Funding from Clarify makes it easy.

Open new locations

With retail financing, you can lease or buy a great location for your store. You shouldn't have to compromise on a location due to costs. We've got you covered!

Pay for store improvements

The way your retail location looks has an effect on your sales numbers. Renovate an existing location to drive in more customers.

Lowest interest rates

Our network of 75+ lenders compete to offer you the best APRs in the lending industry. Interest rates start as low as 7% for short term loans.

Flexible payment terms

Your dedicated Clarify advisor tailors a payment plan based on your specific cashflow requirements and business goals. We take pride in having the most flexible payment options for retail companies.

No collateral requirements

There is no collateral needed to get approved for an unsecured term loan with Clarify. No collateral, no problem.

Fast approval process

The funding process is easy as pie. Applying online takes only a few minutes. We handle all the paperwork so you can focus on running your business.

Top 5 Financing Options for Retail Business Owners

Owning a business in the retail market comes with cash flow challenges that can have an effect on your growth strategy. Having easy access to working capital is key to maximize your growth potential.

1. Business Line of Credit for Retailers

If your market segment has seasonal trends that create gaps in cash flow, a business line of credit is usually the best funding option. With a business line of credit, you get approved by a lender for a fixed amount of credit (similar to a credit card).

The biggest advantage of having a credit line is that you only pay interest on funds you withdraw. It's a good hybrid lending solution between a traditional term loan and a business credit card.

Best suited for:

Retail businesses that need money for occasional expenses like renovations, stocking up on inventory, and hiring short-term staff to handle seasonal demand.

Line of credit at a glance:

  • Interest rates on Clarify's marketplace starting as low as 6%
  • On-demand working capital anytime you need it
  • Funded within 24-48 hours with minimal paperwork
  • Only pay interest on funds used with no fixed costs
  • No pre-payment penalties
  • Helps improve your personal credit score

Apply for Line of Credit

2. Short-Term Loans for Retailers

When you're in a crunch to meet payroll or pay for unanticipated expenses, term loans are the fastest funding option. Since unsecured term loans require no collateral, you can quickly get money in the bank with minimal paperwork.

A key advantage of short term loans is that most retailers can get approved -- even with bad credit. The speed at which term loan applications get approved makes it the preferred choice for owners looking to get back to focusing on running their company.

Best suited for:

Retail businesses who need flexible financing with payment terms that are tailored to their cash flow. Term lengths range between 6 months to 2 years.

Short term loans at a glance:

  • Fast approval and funding
  • No collateral needed
  • 6-month to 24-month term length
  • APR starting at 7% on Clarify's marketplace
  • Interest paid on principal loan amount is tax deductible

Apply for Short-Term Loan

3. Equipment Financing for Retailers

Equipment purchases can range from a computer and point-of-sale software to restaurant kitchen appliances. An equipment financing loan can pay for 100% of the cost upfront and break the expenses down into manageable monthly payments.

The core benefit is the ability to borrow up to 100% value of the equipment, which makes investing in new equipment possible with minimal paperwork. Since the equipment you're buying serves as the collateral, you can get approved even with bad credit.

Best suited for:

Financing any type of equipment needed for your business, regardless of your personal credit score.

Equipment loans at a glance:

  • Finance up to 100% of equipment costs
  • APR as low as 6% on Clarify's marketplace
  • Fast approval and funding within 1-2 days
  • Simple, monthly payment terms
  • Low documentation requirements

Apply for Equipment Financing

4. Inventory Financing for Retailers

Inventory is the lifeline of every retailer. Maybe you're a bar who wants to stock up on wines or an electronics store scaling up inventory for the holiday season.

Similar to an equipment loan, inventory financing is a self-secured funding option that allows you to buy goods without the need for extra collateral. Alternative lenders are usually the best option -- as traditional banks only approve large, established wholesalers and retailers. Clarify's lending marketplace makes the process easy as pie.

Best suited for:

Product-based business owners looking to stock up prior to a seasonal spike in sales.

Inventory financing at a glance:

  • No collateral needed apart from the inventory itself
  • Low credit score requirements
  • Funded within 24-48 hours
  • Monthly payment terms
  • APR starting as low as 6%

Apply for Invoice Financing

5. SBA 7(a) Loans for Retailers

The holy grail of financing, SBA loans are the best option if you have the patience, good credit score, and business history to qualify. The federal Small Business Administration backs up to 80% of your loan amount through its approved lending institutions. The downside to SBA 7(a) loans are the strict financial requirements and lengthy paperwork needed.

Best suited for:

Retailers with an excellent credit score, time in business, and no urgent need for funding.

SBA 7(a) loans at a glance:

  • Excellent credit score needed
  • Partially backed by the SBA
  • Interest rates as low as 5.75%
  • Long term lengths
  • Low down payments

Apply for SBA Loan

FAQ about Business Loans for Local Retailers and Ecommerce

There is no “one-size-fits-all” solution. Determining which funding type is the best for you depends on your business goals and circumstances. Common options include the following: business line of credit, term loans, equipment financing, SBA funding, and inventory factoring.
The answer will vary based on which funding type you apply for. Generally, you receive funds to be used towards dedicated business costs. Many retail business owners use the capital for inventory management and seasonal fluctuations, but there’s flexibility with how you can allocate the cash.
First, you want to decide on a funding type. Then, you fill out an online application. After that, things move quickly. A lender will reach out to field questions and walk you through the process step-by-step.
It might sound intuitive, but personal loans are best used for personal purchases, rather than business uses. Business loans are a better fit for funding a company and related expenses. They come out on top for two reasons: lending limits are higher and you don’t have to use personal assets as security. This means you have more working capital and greater protection than you would with a personal loan.

Types of retail businesses we've funded

  • check Hair salons
  • check Barber shops
  • check Nail salons
  • check Jewelry stores
  • check Florists
  • check Furniture stores
  • check E-commerce
  • check Liquor stores
  • check Department stores
  • check Discount stores
  • check Supermarkets
  • check Warehouse retailers
  • check Wholesalers
  • check Malls
  • check Dollar stores
  • check Convenience stores

Potential use of funding for retail businesses

  • keyboard_arrow_right Masks, cleaning supplies & Covid-19 related costs
  • keyboard_arrow_right Inventory purchases
  • keyboard_arrow_right Store improvements
  • keyboard_arrow_right Open new locations
  • keyboard_arrow_right Payroll & taxes
  • keyboard_arrow_right Operating expenses
  • keyboard_arrow_right Hiring new employees, training, and education
  • keyboard_arrow_right Advertising & marketing
  • keyboard_arrow_right Overcoming unanticipated business expenses
  • keyboard_arrow_right Refinance existing debt
  • keyboard_arrow_right Bridge slow seasons and maintain cash reserves
  • keyboard_arrow_right Acquire real estate
  • keyboard_arrow_right Improve e-commerce website
  • keyboard_arrow_right Retain short-term staff for seasonal demands

Dedicated experts in retail financing

When you choose Clarify, we consider you family -- and work with you through the ups and downs of running your retail business.Retail Financing Team

keyboard_arrow_right See why retailers love Clarify

Retail business loans

"I highly recommend working with Clarify. The process is always very seamless with a quick turnaround time. I received the first loan for my company from Michael several years ago to buy inventory at a better cost. Since then, my company has grown significantly, and Michael has been there every step of the way. I’m looking forward to continuing my relationship with them for many years to come."

Golf Cart Retailer
5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 196 reviews on Trustpilot

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