The summer season is a crucial time for many retailers. With increased footfall, seasonal promotions, and higher demand for goods and services, it’s also a time when cash flow can be stretched. Whether it’s stocking up on inventory, hiring temporary staff, or refreshing a shopfront, having the right finance in place can help to maximise summer trading opportunities.
Here are the top finance solutions retailers can use to prepare for the busy months ahead.
- Working capital loans
Working capital finance is a flexible way to manage day-to-day expenses, especially during peak periods. It can help cover short-term costs such as payroll, marketing campaigns, utility bills, or supplier payments. This finance solution allows a business to run smoothly without dipping into reserves.
- Stock finance
When preparing for a surge in customer demand, stock finance (also known as inventory finance) can be particularly helpful. This type of funding allows bulk-buying seasonal products in advance, often at better rates, so a retailer is ready to meet customer needs without compromising on cash flow.
- Merchant cash advances
For retailers with strong card sales, a merchant cash advance is a convenient option. Funding is based on the projected card revenue and repaid as a percentage of daily card takings, making it a flexible solution that adjusts with income levels. It’s especially useful during the summer when card transactions typically increase.
- Asset finance
A retailer could be planning to upgrade shop layout, install air conditioning, or invest in new point-of-sale systems for summer. Asset finance allows the cost of equipment to be spread over manageable, monthly payments, helping to modernise retail space without upfront strain.
- Business credit lines
A revolving credit facility gives access to funds as and when they are needed, ideal for managing fluctuating summer expenses. A retailer will only pay interest on the amount used, making it a smart buffer for unexpected costs or last-minute opportunities.
Partnering with the right lender
Every retail business is different, so it’s important to choose a finance solution that aligns with cash flow, business size, and seasonal strategy. At NGI Finance, we work with a wide range of specialist lenders who understand the unique challenges retailers face.
We can help to access tailored finance packages to ensure a business is well-prepared for the summer and beyond. Recently we have helped to facilitate a funding line of £500K which allowed a Butchers Shop in Oxfordshire to purchase a freehold property from their landlord.
Ready to make the most of the season?
Don’t let cash flow limitations hold your retail business back. Speak to our team today to find out how we can support your summer plans with the right finance solution at the right time.
To find out more please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.
Leave a Reply