Home Furniture Store Funding


Home Furniture Store Funding

Home furniture will always be in demand among consumers. People are always buying new homes or apartments, so they are constantly buying furniture. Although this may not seem like the most exciting industry, it can be very lucrative. If done well, you can earn a lot of money as a home furniture store owner. Although you can be very successful in this industry, there are still a number of challenges. Just like any other small business, a home furniture store needs working capital to cover expenses and help grow the business. Luckily, there are banks, credit unions, and alternative lenders that offer home furniture store funding.

Couple looking at fabric samples due to home furniture store funding


Funding Options

Banks, credit unions, and alternative lenders are all places that offer home furniture store funding. While all three are viable options, banks or credit unions may have more hoops to jump through. You may find it more difficult to attain funding from either of these sources. Both have numerous requirements that must be met for a business to receive financing. Most require a minimum of 3 years in business and a FICO score of at least 750. They would want no tax liens, no bankruptcies, a lease or mortgage statement, and a picture ID. In addition to this process, it can take a lot longer to receive financing.

Why Small Business Funding?

Going to an alternative lender is usually the best road to take if turned down by a bank or credit union for home furniture store funding. Small Business Funding can help get your home furniture store the capital it needs. Bad credit, bankruptcies, and tax liens are okay (as long as there is a payment plan in place). Documentation required to receive an approval is an application (one page), 3 months of bank statements and 3 months of credit card merchant statements (if you process credit cards). This information will allow an alternative lender to provide you with a decision within 24 hours.

Whether it is a business cash advance, with only a small set percentage of your daily revenues being owed, or an unsecured small business loan, we have the solution. There is no collateral required and you don’t need perfect credit. In fact, many of our programs don’t require any credit at all.

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