Retail Store Business Loan

Retail Store Business Loan

While operating a small retail business can be a dream come true for entrepreneurs, the industry provides its own set of difficulties. Competition, seasonal swings, and inventory are all elements that influence a retail store’s level of success. To succeed in today’s market, a wise retail store owner understands the importance of being ahead of the curve.

Retail Store Business Loans

When it comes to operating a retail business, ensuring that you have adequate access to capital is crucial. The retail landscape can be exciting and gratifying, but it also comes with its own set of challenges and responsibilities. While the size of the retail industry offers many opportunities for entrepreneurs, it is also very competitive, making it increasingly risky. We recognise that competition and seasonal changes have a significant impact on retailers, therefore we want to spare you time to focus on your business’ needs. Our retail store business loan, combined with our flexible repayment plans, gives you the ability to keep your merchandise replenished, renovate your store as you wish, and to cover unexpected expenses that arise.  

Our industry experts are here to assist you in running a successful business- we work with you to determine the best financing solution for your company, including loan options that fit the requirements of your business. The application process is simple and quick, allowing us to provide you a pre-approved quote in minutes, and funding in as little as 24 hours. To unlock your business’ potential, call now or apply online today.

How can a retail store business loan help me?

Rent and utilities

Depending on your location, rent may be your largest expense as a small retail business owner. You will also need to account for the cost of utilities such as energy and hydro, and other month-to-month fees such as phone and internet payments. A retail business loan will allow you to allocate funds to ensure you are able to fulfill your bill payments each month.

Inventory and supplies

nsuring you have enough inventory on-hand creates a sense of trust and responsibility for your customers, knowing that your business is reliable and can secure what they need. Alternatively, if you fail to secure enough inventory to meet the customer demand, you can lose sales and hurt your business and reputation. 

Advertising and marketing

Spreading the word about your business and brand isn’t easy, and certainly isn’t cheap. Using advertising and marketing tactics allows you to get the name of your business out to the public, gaining it more popularity and familiarity. Use a retail store business loan to tap into advertising and marketing strategies that have proven successful.

Interesting facts of the retail industry in Canada

  • According to data from Statista, in 2021, retail trade sales in Canada amounted to approximately 674 billion Canadian dollars, up from 606 billion recorded a year earlier. This represents an increase of approximately 11 percent in comparison to 2019.
  • In 2020, however, sales decreased by nearly 1.5 percent amidst the coronavirus (COVID-19) pandemic.
  • Retail sales in sectors such as supermarkets, and building material and garden equipment suppliers were impacted positively in 2020. Sales at supermarkets and other grocery stores increased nearly 12 percent as they were essential at the start of the pandemic. And, with consumers spending more time at home, sales at building material and garden equipment suppliers grew significantly.

How it works

01

Apply in 3 simple steps and
get pre-approved instantly

Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.

02

Draw what you need, when you need it

When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.

03

Use our support for whatever you need

Choose the repayment schedule that makes sense for your business—from daily, weekly or bi-weekly payments, or pay early to save on interest. Borrow from $500 to $300,000 on 2, 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.

See if Your business qualifies

Qualification is simple.
No heavy paperwork.

If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.

Your business is based in Canada

Your average monthly revenue is at least $3,000

You have been operating for at least 3 months with a dedicated business bank account

What do you need right now?

Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.

Funding the unexpected

Funding the unexpected

Truck broke down? Receivables late? Product stuck on a ship somewhere?

When the unexpected happens (and it will), we’ve got you.
Marketing Funding

Marketing Funding

Got a great product but need to get the word out?

A business can’t grow without putting itself out there. We help you line up your brand, marketing, and ad spend to make that big public splash.
Funding New Projects

Funding New Projects

New products? Channels? Seize-the-moment growth opportunities?

Whether it’s expanding to new locations, audiences, or product lines, we help you invest in growing your business.

We've got you

We're here to make life easier for Canadian small to medium businesses like yours. How can we help you today?