Small Business Funding Options For Furniture Stores
Furniture stores always try to increase efficiency in order to work with larger clients. To keep up with large orders from these clients the store needs to acquire more advanced equipment which is very costly. Acquiring more staff and purchasing inventory when it makes sense financially helps increase business. Large clients are known to process invoices quickly but pay late. Even though a lot of money goes into completing these orders, furniture stores can wait up to 90 days to be paid.
Extended business cycles make it difficult for owners to take on extra work, pay suppliers, and make growth-related decisions. Even in the event of slow period your vendors may not be lenient when it comes to payments. Productivity can be slowed because you are forced to spend more time working at the computer sending emails instead of spending time filling orders.
Unforeseeable cash flow is often dangerous for furniture stores because completing orders is time sensitive. They must work around their client’s terms and form relationships with the vendors. That is not even taking into consideration having the cash to cover day to day operations. In order to grow new marketing campaigns as well as additional salespeople becomes more important.
First Premier Funding is the best option to get the funding for your Furniture Store. We have experience with numerous companies in this industry and have seen them grow exponentially. Call us today to see how you can be our next success story at (888) 358-8484.