Business Loan

Business Financing: Shoe Store Business Loan Alternative

Does your shoe store need business financing or a loan to purchase inventory, supplies, working capital or expand your business? Learn how you can get up to $500,000 with a business cash advance.

Shoe stores are an important part of our local economies. There are thousands of independently owned and franchised shoe stores operating in strip malls and larger scale shopping malls thoughout the country. They require working capital to grow and maintain their business that sometimes isnÕt made available by traditional bank lenders. Traditional bank loans require collateral and personal guarantees that make it difficult for shoe store owners to get the cash the need to operate. Because credit has become so tight, most of the suppliers and manufactures to these stores are not providing the same payment terms they once did requiring shoe store owners to pay upfront for merchandise. This can make it almost imposible to stock the store with the proper inventory.

Financing Solutions For Shoe Stores

Stop wasting your time and effort applying for bank loans and traditional business financing when we have a business loan alternative. If your shoe store accepts Visa, Master Card, American Express or Discover Card, you are eligible for our merchant cash advance program. Use your most valuable business asset, your future credit card sales to qualify. With our merchant cash advance program, we will purchase a small percentage of your future credit card sales for upfront cash today. The payback process is simple, as transactions roll in, we get paid back with a small fixed percentage of your daily credit card sales. There is no personal guarantee involved and you will be able to pay it back without affecting your daily cash flow. It is totally flexible, unlike a bank loan, we get paid when you get paid.

How do merchant cash advances differ from business loans?

Merchant cash advances are based on merchants' future credit card transactions. Unlike traditional loan programs, a cash advance is totally unsecured (does not require collateral or a personal guarantee). The program is available to shoe store businesses with good or bad credit. Because the merchant cash advance is based on future credit card receivables, a good credit score is not required to be approved. Unlike loans, applying for a merchant cash advance takes literally minutes and approval is typically done within 24 hours.

What can merchant cash advances be used for?

Shoe stores are free to use funding from their cash advances for anything they desire. Unlike other financing options available to businesses through banks and private lenders, we do not require a plan for the funding and we don't require that it be used for any specific purposes. A cash advance can be used for inventory, expansion, renovations, payroll, equipment, general business cash flow, or anything that you decide.

Our Business Cash Advance program requirements are simple. To be eligible for our unsecured cash advance, your shoe store must: