Business Loans for Furniture Stores

• The fast and simple way to get furniture store business loans.
• Business loans with a variety of options for furniture store owners.

7500+
Small Business
Customers
375 Million+
in Funded
Capital
A+
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Business Furniture Financing

The furniture industry is competitive more than ever & your business must find effective ways to stay on-trend. Be it for equipment financing or straight-up loans for furniture, you need funding to stay on the market. Whether you’re an established furniture store owner looking to expand to new locations or a new business owner just starting in the industry, AdvancePoint Capital can assist. Our small business lenders are here to help you prepare and apply for furniture store business loans.

Our online marketplace is overflowing with outstanding business financing options for a furniture store in any phase of business. Contact us to get your free, no-obligation quote and find the best loan for your furniture store from a trusted alternative lending source. We’ll match your furniture store with the suitable funding product, so you can continue growing your business and serving many customers with high-quality furniture nationwide.

What Is Furniture Store Financing?

The furniture business has many needs that require capital. Furniture store financing is sometimes necessary do to the high cost of inventory, or the need for a lot of space to display inventory. Financing may be structured in many ways such as business loans, business credit lines, merchant cash advance, floor plan financing or other financing options. all of these products come with varying interest rates and terms.

How does Furniture Business financing work?

Our online marketplace is overflowing with outstanding business financing options for a furniture store in any phase of business. Contact us to get your free, no-obligation quote and find the best loan for your furniture store from a trusted alternative lending source. We’ll match your furniture store with the suitable funding product, so you can continue growing your business and serving many customers with high-quality furniture nationwide.

Small Business Loans for Furniture Stores

Short-Term Business Loan

Short-Term Business Loans for Furniture

Short term small business loans are a great option for working capital. Short term loans have terms from 6 to 24 months.

Long-Term Business Loans

Long-Term Business Loans for Furniture

Long term loans is the product for large expansion plans when you need to secure long term financing with affordable monthly payments for your retail furniture store.

SBA Loan

Small Business Administration (SBA) Loan Programs for Furniture Stores

SBA loans are backed by Small Business Administration. An SBA loan is a low cost option with great rates and terms. The furniture business will be required to provide collateral and an excellent credit history to qualify and secure a loan. Helps pay business expenses and make purchases on the fly.

Business Line of Credit

Business Lines of Credit for Furniture Stores

Line of credit is a revolving credit facility that lets you draw funds as needed up to a credit limit like a credit card. Great option to support cash flow.

Equipment Financing

Equipment Financing for Furniture Stores

Equipment financing is a great option to finance new business equipment. Attractive terms with repayment over 2 to 5 years with affordable monthly payments.

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AdvancePoint Capital makes the loan application process a simple, straightforward experience.

How to Use Your Furniture Business Loans?

Common Uses and Benefits of Furniture Business Loans

Quickly Access Capital

Operating a furniture business can be an exciting venture, but there is also a lot of uncertainty. Seasonality, location changes, trends, holidays, and increased competition can all impact cash flow to your company. Various business financing can help your furniture store quickly stabilize its cash flow with money. With access to more working capital, your furniture company will be back on its feet in no time.

Invest in Inventory

It doesn’t look too great to potential customers when your sales floor is lacking furniture. Furniture store business loans are a fantastic way to purchase inventory to fill up your showroom with plenty of unique options. Loans unable you to spend money and purchase readily available best-selling items or trendy, seasonal pieces like patio furniture and holiday decor. Now, you’ll never have to worry about low store inventory again.

Spruce Up Your Showroom

Once you have all of your inventory on hand, think about the aesthetics of your showroom. Utilize business funding for interior decorations and additional items for your company. Merchandise the furniture on your sales floor with pillows, throw blankets, bedding, wall decor, and life-like layouts of dinner and cookware.

Buy the Best Equipment

Running a furniture store requires some heavy lifting. Equipment like forklifts, dollies, and vehicles are needed to move and deliver large items like sectionals and beds. Plus, power tools can help your team assemble any unfinished furniture. You’ll also need computers and other office machinery to maintain orders and invoices. Use your business loan to invest in equipment and keep things running smoothly.

Expand Your Operations

Furniture store business loans can also help you grow an entire furniture empire. Use the working capital from different business loan options to renovate your existing space or expand into a new location with commercial real estate loans. With all of the practical financing products available in the marketplace, you can start considering opening multiple furniture store locations.

Ramp Up Marketing Efforts

These days, everywhere you turn, it seems like a new sale or seasonal promotion is happening at local furniture stores. For your furniture business to stand out from the competition, you must implement a robust marketing strategy. Utilize business funding to boost marketing efforts for your furniture store, including in-store signage, tv and radio commercials, print ads, digital marketing, and more.

How to chose a Business Loan for your furniture business

When choosing a business loan product whether it be business loan, line of credit, commercial real estate loan or any other business financing product for that matter, you need to match your need and use of funds for the furniture store, with the product features and terms. The lowest rate is not always the answer if you need something flexible like a line of credit verses a term business loan with non-flexible terms.

Qualifying for a Furniture Store Business Loan

Qualifying for a
Furniture Store Business Loan

Banks, credit unions, and alternative lenders alike are going to need a little bit of information about you and your business before approving your loan application. Furniture store owners need to prepare to answer questions from a lender or bank and provide personal and business information about there furniture business, including:

  • Time in business
  • Debt obligations and other expenses
  • Personal and business credit score
  • Bank statements
  • Borrowing history
  • Funding use
  • Tax returns
  • Income statements
  • Profit and loss
  • Cash flow forecast

This all might seem like a lot to keep straight, but there’s no need to stress. AdvancePoint Capital is by your side every step of the way, helping you find furniture store financing. Get your free quote today.

Pros and Cons of getting a Business Loan for my Furniture Store

Pro's

  • The ability to finance furniture inventory
  • Business loans can provide for expansion of retail space and growth projects
  • Protects cash reserves of the furniture business
  • Establishes business credit

Con's

  • Builds debt on business
  • Cost of capital can out way benefits
  • Loan payments increase monthly expenses
  • The temptation to over-extend the business debt

How to Qualify for a Furniture Store Business Loan

Banks, credit unions, and alternative lenders alike are going to need a little bit of information about you and your retail furniture store before approving your loan application. Furniture store owners need to prepare to answer questions from a lender or bank and provide personal and business information about there furniture business, including:

  • Time in business- The length of time in business has a direct correlation to risk. The longer in business the more options you have to consider because a track record has been established for lenders to evaluate.
  • Debt obligations and other expenses- The debt ratio of a furniture helps lenders determine affordability of any offer and the payment(s) that come along with it. Having debt is not bad, but overleveraging the furniture store is not something lenders are trying to do.
  • Personal and business credit score- Credit worthiness plays a big role in any underwriting by a business lender. Your history have paying tradelines on your credit says a lot about your ability to repay business funding options. Good credit will lead to a better interest rate and more choices.
  • Bank statements- How a furniture store business owner manages the cash flow through the business bank statements shows lenders the ability to manage cash flow of the business
  • Borrowing history- How you pay other debts reflects on the business owners ability to repay.
  • Funding use- Certain business funding products have specific uses and cannot be deviated from its intended purpose.
  • Tax returns- Tax returns shows the financial track record of the business including profit & loss and balance sheet.
  • Cash flow forecast- Accounts receivable and accounts payable aging reports help lenders evaluate cash flows.

This all might seem like a lot to keep straight, but there’s no need to stress as not all of the above information is required from furniture store owners. AdvancePoint Capital is by your side every step of the way, helping you find furniture store financing. Get your free quote today.

How to apply for a business loan for my Furniture Store

Anytime you apply for a small business loan you should take the time to follow proper steps to search and discover what is best for your need for capital for the business. Here are the 5 steps to apply for business funding for your furniture store.

  1. Consider what type of business loan is needed for your business- The first step in the process for applying for furniture store business loans is determining your need for capital and what business funding product works best for the need. If your are interested in a large expansion you may want to consider an SBA loan. If your purchasing equipment than an equipment lease or loan may be in order. Perhaps you have working capital needs and would prefer a business line of credit or short term business loan. as you can see, the "need" or the "why" can dictate business financing product selection.
  2. Determine your qualifications- Not only does your need for capital impact your decisions of what to apply for when it comes to business financing, so does your qualifications play an important role. Consider the fact that your credit, industry, time in business, and your available business financial documentation will determine business financing selections as will dictate your choices. Consult with a business finance specialist to determine what products are available to you and your furniture business and what would be an affordable selection.
  3. Compare small business lenders- It's important to talk to multiple lenders and/or business loan originators to compare and contrast business products, features, rates, terms and conditions. Not all lenders or originators are the same and offer the same products. Make sure you have done your research on the originator for experience, product diversity and reputation. Always have conversations and apply with more than one business lender or funder so you can compare, shop and ultimately save time and money.
  4. Collect application information and documents- When you have selected the lender(s) and product(s)you wish to apply with you will need to gather all your business information and documentation necessary to apply for business funding. The most common information needed is Business legal name, any dba name (if applicable), business address, business website, federal tax ID number and registration date of the business. Additionally personal information of the business owner will be required as well such as Legal name, home address, social security number and date of birth. Common documentation required will depend on products you are applying for and can include, business bank statements, tax returns, profit & loss, balance sheet, accounts payable and accounts receivable reports and even customer invoices.
  5. Apply for your business loan products- How you apply for furniture store business loans will depend on product you are applying for and the lender or funder. Some processes just require an online application fill-out and e-sign with uploading business bank statements, while other applications will require a longer application and additional documentation to secure an approval. Discuss with lenders or any financial institution for that matter, what is the application process for each furniture business loan product you are applying for to determine eligibility.

Frequently Asked Questions