Are You Seeking
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. 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.
Funding in as little as 24 hours
No Spending Restrictions
Lower Upfront Cost
Fund Equipment Purchases !
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 between 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.
Discover Financial Options You Never Knew You Had…
Access working capital for equipment, inventory, renovations, or expansions.
Lump sum of capital you repay using a portion of your daily receivables.
Smaller sum of money you pay back, plus interest, with daily payments over 3 to 18 months.
Cash available for the day-to-day expenses of running a business and is a measure of both a company’s efficiency and short-term financial health.
Loan to help you afford new business equipment right away by using that equipment as collateral.
Borrow money for working capital, purchasing inventory or equipment, refinancing other debts, buying real estate, or even funding the acquisition of other businesses.
With invoice financing, you could get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.
A Business Line of Credit works almost like a credit card, except you get access to cash and lower APRs. A line of credit is an arrangement with Sutton Funding that establishes a maximum loan the lender will allow the borrower to take. You can withdraw funds (as low or high as you wish) on the line of credit at any time, as long as you don’t exceed the maximum set in the agreement.