Retail finance

Over recent years the Retail sector has had to become flexible in how it reaches its clients. Back in 2020 retail businesses had to quickly embrace change and move to selling online. As a result, in the past 18 months we have seen an upward trend in enticing customers back to visit retail outlets to get more of a traditional shopping experience.

Diversification is a must for any business but is crucial for the ongoing success of anybody running a retail outlet. The biggest challenge to be faced will be ensuring that the business has a suitable level of cash flow to continue trading whilst also introducing new initiatives and exploring new route to sales.

This is where retail finance is so beneficial. It can help with purchasing stock, employing additional staff, investing in new facilities, or simply boosting cash. There is actually an array of solutions that a retail business can benefit from:

• Fit-out of new commercial premises
• Merchant cash advances
• Purchasing more stock
• Investment in new commercial property
• Adopting new marketing strategies
• Financing of e-commerce initiatives
• Improving cash flow
• Increasing staff members
• Fulfilling development plans
• Purchase of commercial vehicle to allow for home deliveries

To support the above initiatives there are also a number of different financial solutions which can be used. Some of the most typical ones are:

• Loans
• Asset finance
• Asset refinance
• Invoice finance (also known as invoice factoring)
• Commercial property finance
• Merchant cash finance
• Acquisition finance

NGI Finance have a team of experts focussed on supporting the retail sector. In recent weeks we have supported a company with the provision of merchant cash advances enabling the purchase of more sports equipment. We have also worked with a local shop to open up a second facility in a neighbouring Oxfordshire town. Finally, we have assisted a retail outlet to secure a business loan used to invest in a new online sales platform.

To find out more about retail finance please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.