What Do I Do for Low Inventory?

When you have a small business like a liquor store it is a challenge to keep the inventory stocked properly. You want to be the “go to” place for your area. If you always have your most popular products well-stocked word gets around, especially if you operate a business that sells liquor. It’s important to build a relationship with a company that does liquor store purchase financing. Why would you need liquor store business financing when you already have the store up and running?

Why Would I Need More Funding?

This type of business gets a lot of its customer by word of mouth. For example, someone will have been to a party or event where a particular liquor or microbrew was served. Now they are hosting an event, but they can’t find the product at their usual sores. Their friend tells them about your place and in comes the order. This is, of course, a win for you. The problem arises when word gets around, you don’t yet realize you’ve become the main supplier in your area, and consequently, your stock gets low. Worse yet, you don’t have sufficient working capital to replenish the supply.

Perhaps you had an event at your nightclub and introduced a new wine, beer, or liquor. People that attended the event are now clamoring for the product. You have to stock it so you need to find a company that handles nightclub business financing. This gets you the inventory you need quickly. Disappointed patrons don’t stay patrons for long.

Where Can I Get the Capital I need?

Your bank typically won’t help with a loan for working capital and it will take far too long for you to actually get the funds you need. You have to find a place to go at the drop of a hat. You need a company that specializes in the best small business funding.

A bank has requirements that capital funding companies do not. These companies provide short-term loans that act as a bridge until you can get your inventory better stocked to adjust to the new role you are playing in your community. Make no mistake, you can’t just walk in, ask for money and expect it to be given to you. Companies that will provide liquor store purchase financing also have requirements.

The good news is they look at risk factors differently. One part is looking at how long you have been in business and the next part is determining if you have made a profit during that time. They don’t require that you’ve been in business for years, months will do. Once you are accepted the funds are quickly available.