Rather than seeking funds through traditional sources a liquor store cash advance could be the ideal alternative for your store. You can use the funds for just about any reason. So whether you need to expand and add another outlet, purchase a large supply of liquor or simply renovate your store, or advertise on a large scale, you can count on this type of a loan to meet your needs. Thatâ€™s the beauty of a liquor store cash advance; you can use the cash for whatever is necessary for business growth.
Instant funds with low repayment options
With a liquor store cash advance you donâ€™t have to worry about bad credit and collateral. All you need is to be a liquor store owner with monthly sales receipts and accept credit cards. Repayments are made through your daily credit card sales with no minimum or maximum limit. These loans are a valuable tool for every liquor store owner that requires funds in an emergency or for any other reason. Although the amount varies among lenders you can receive as much as $250,000 and more. The lender deducts a small percentage of your daily credit card sales so you end up paying only when your business makes sales. Every time a customer pays by credit card you pay a small portion of the sale back towards your loan.
The benefits of a liquor store cash advance
One of the biggest advantages of a liquor store cash advance is that you get to use the funds in any way you choose. Besides, you get quick access to capital without ever putting your business at risk. Approvals take not more than 24 hours, unlike bank loans that can take days and even weeks before you hear from them. When it comes to repayments, there are flexible options too. There is no fixed payback time or repayment term. The day your sales are good you pay back more while your payback period automatically extends when sales are low. The amount you need to repay remains the same no matter how long it takes to repay. Doesnâ€™t this make the prospects of making your liquor store grow much brighter?
A short cut to business growth
Often, banks may be reluctant to finance a liquor store due to the volatility of the liquor business. Quality liquor can be costly with a few takers in a tough economy. During these times, procuring funds to enhance your liquor store through traditional funding can be tough. However, a liquor store cash advance can help solve your cash situation almost instantly. Most lenders will be willing to extend a cash advance in a week from approval of your application. You donâ€™t have to worry about eligibility either. As long as you are a liquor store owner that accepts credit card sales you are eligible to apply for this type of a loan.
There could be times when sales are low, where paying back a traditional loan may become difficult. However, with this type of a loan you donâ€™t have to take such risks. Let your sale proceeds govern the amount you pay back. If you want to make provisions for future exigencies or launch an advertising campaign to draw customers to your store, call us for the most affordable liquor store cash advance options today.