Customized Industry Specific Business Loans, Financing, & Lines of Credit up to $5 Million
Convenience Store Business Loan
There are more than 148,000 convenience stores (C-stores) in the U.S with a combines total revenue of $680 million. Local c-stores are a staple in every community and have remained a reliable source for every day basic needs.
Request FundingAnswer a few questions to inform us you’re seeking funding for your business.
Speak with Represenative
We will review your submitted information and determine which financial products best match your needs.
Receive Funding
Select a funding offer and receive your funds in as little as 24hrs.
There is a variety of business loan types to consider for c-stores in the U.S. It mainly depends on the need of the business owner.
If you are looking to purchase an existing business, acquire startup financing for a new store, obtain leasehold improvements, remodel, equipment and inventory, Sutton Funding will point you in the right direction.
Location is essential for c-store business owners. Where you decide to open up shop is the make or break in this industry since sales mainly rely on high daily traffic and cash flow and should be principally around primary and secondary roadways. Most convenience stores are attached to gas stations to increase traffic and increased total business revenue.
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Stock-up on Inventory
Convenience stores can benefit from a variety of different loan products with Sutton Funding. These loans can be structured as a fixed, fixed to floating, or variable. Most convenience stores receive fairly competitive terms and rates, generally ranging from 4 to 9 percent throughout most types of financing. These loans are also spanned out throughout 5 to 25 years, depending on the kind of funding. For example, equipment financing or hard money loans receive terms between 15 to 25 years. A loan for working capital and inventory is generally done for 5 to 10 years. Therefore, there are many different loan options for convenience store owners.
Acquiring financing for a convenience store depends mostly on the use and purpose of the loan. Usually, a lender will ask for financial and tax records for the store, business plan and credit plan among other documents. Convenience stores have many different options for loans, and at some point, in your business venture, you will require one to scale operations. Apply now for a small business loan with Sutton Funding and let us help you gain the financial stability you deserve.
- Funding in as little as 24 hours
- No Spending Restrictions
- Lower Upfront Cost
