My Business Credit Lines

Displaying listings from all locations.

Use the fields below to filter listings for a particular country, city, or state. Start by selecting the top most region, the other fields will be automatically updated to show available locations.

Use the Clear Filter button if you want to start over.

Liquor Store Financing

Liquor Store Financing

The liquor business thrives in any economic situation. The demand for liquor is perennial and stores remain open for long hours catering to customers. But establishing and running a store in this line of business requires a large amount of capital and most people in this trade resort to liquor store financing. A lender will be willing to extend finance only to a person who holds a valid liquor license. To be eligible, you would need to be over 21 years of age and a U.S. citizen or a permanent resident alien. While this is a prerequisite to getting liquor store financing, the lender will also want to know about your experience in the business. The location of the store will play a key role in the financing decision. A store located in a busy strip mall or shopping center is more likely to get financing than one in an out of the way location. If you are buying out an existing liquor store it will be easier to convince the lender of its business viability. The credit union or bank that is providing finance will be able to see the past records of the establishment and be in a better position to determine whether the liquor store financing that it is extending is justified. But banks consider this business to be high-risk and take extra precautions before providing finance. A good alternative for a business person seeking liquor store financing is to opt for a merchant cash advance. This mode of finance is especially suitable for stocking a liquor store. The range of stock that a liquor store carries is an important factor in determining how well it will do. There is a seasonality to demand with beer being popular in the summer months and hard liquor seeing greater demand in winter. The liquor industry also sees changing trends in the popularity of various products and it is essential for a store to carry adequate stocks. A merchant cash advance company will be willing to provide liquor store financing for stocks if there are substantial credit card sales. An upfront amount will be paid to the business for purchasing stock and deductions of between 10% and 20% will be made from the credit card sales as repayment of the advance. If there are inadequate credit card sales, a liquor store can go in for an unsecured cash advance. This facility works in a similar manner to a merchant cash advance except that the company making the advance gets repaid by taking a certain percentage of the previous day’s deposits. A bank loan is the best option for a person seeking liquor store financing. If the bank’s approval process takes too long, a merchant cash advance company can provide a good alternative although this mode of finance will work out to be more expensive.

With over 500 business lenders, you are sure to find one that can help your small business get the money it needs to succeed. Most of the lenders work with all types of business lending options and are flexible with the amount you may be asking for. Most times you just need to fill out a quick and simple loan application and you could get your money in as little as 24-48 hours. It’s time to see what your business can do!

Accountable Capital Corp.

View Details

(41 reviews)

Accountable Capital

View Details

(0 review)

Advantage Capital Funds

View Details

(0 review)

All Business Loans

View Details

(0 review)

AmeriMerchant

View Details

(0 review)

AT Financial

View Details

(0 review)

Business Cash Advance

View Details

(0 review)

Charge Card Funding, LLC

View Details

(0 review)

Green Commercial Capital Corporation

View Details

(0 review)

MCS Business Funding

View Details

(0 review)

  • 1
  • 2