Business Loans for Grocery Stores & Food Markets

Find the Best Grocery Store loan for your business. Compare, Choose and Save.

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Get the Best Grocery Store Loan Options

You might be surprised to learn that it's not just big corporations who can get a grocery store loan for their business. Smaller, independent grocery stores also have the ability to secure grocery store financing as well.

Luckily, there are now more options available for grocery stores that need small business funding. In particular, there are a number of business loans specifically designed for businesses in the food and grocery industry. These loans can provide the capital you need to grow your business and meet your financial goals.

Advancepoint Capital is one of the leading providers of grocery store business loans. We offer a number of different grocery store financing options that can be tailored to your specific needs. We understand the challenges that small businesses face when trying to get small business funding, so we work hard to make the process as easy and convenient as possible.

Grocery & Food Businesses We Finance

We finance a wide range of grocery stores and food businesses including:

  • Supermarkets
  • Grocery stores
  • Convenience stores
  • Wholesale grocery
  • Supermarket/grocery store distribution centers
  • Anything related to the grocery industry
Get Started Today

Get Started Today

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

7 Best Grocery Store Business Loans (September 2023)

Long-Term Business Loans

Long-Term Business Loans for Grocery Stores

A great option for large expansions is long-term grocery store financing. Long-term loans are used specifically for large renovations and/or expansions due to the large cost and need for long-term payback because of the large loan amounts and to keep payments in line with current business revenue.

Short-Term Business Loan

Short Term Grocery Store Financing

Short-term grocery store financing comes into play when traditional business loans are not an option. Due to the shorter repayment time, which reduces the risk for the lender. Short-term loans offer more lenient credit standards and less documentation, providing a greater likely hood of approval. A great small business funding option for working capital.

Business Line of Credit

Grocery Business Line of Credit

This type of grocery store financing is a revolving line of credit that allows you to draw funds and draw down on funds on-demand, without permission, up to a credit limit that is set at the time of approval. With business lines, simple interest is applied only to the balance, so you can save interest by paying off early. You must have a good personal credit score to be approved.

SBA Loan

Small Business Administration [SBA] Loans for Grocery Stores

SBA loans are very popular term loans because they offer low rates and long-term grocery store financing. These business loans are offered to small businesses with good credit, higher profit margins, and strong business financials. SBA loans have tough lending requirements but definitely worth applying for.

Merchant Cash Advance

Merchant Cash Advances (Business Cash Advances) for Food Markets

Merchant cash advances are alternatives to traditional grocery store financing. A popular small business funding option because of lenient credit standards and reduced documentation requirements. Cash advance offers a lump sum as an advance off of future receivables of a business which makes repayment terms flexible because it's attached to future sales. A merchant cash advance is not a loan but an advance.

Equipment Financing

Grocery Store Equipment Financing

When grocery stores need to upgrade older equipment, the cost can be very high and negatively impact profit margins. Equipment financing options include equipment loans and equipment leases whose terms are spread over years with affordable payments.

Business Credit Cards

Credit Cards for Grocery Business Owners

As part of your tools for grocery store financing, business credit cards are definitely one of the items in your cart, pardon the pun! At the end of the day, credit cards are the most used small business funding product out there for grocery stores. You only pay interest on the outstanding balance. It's quick, simple, and great for purchases and paying bills.

Why You Might Need a Grocery Business Loan?

Why You Might Need a Grocery Business Loan?

It's important to have a clear understanding of why you need the funding before you start looking for a loan. It's too easy to get caught up in the urgency of securing a loan and then find yourself with more debt than you can handle.

Are you looking for a loan to help you open a new grocery store? Do you need capital to expand your existing food market and need grocery store financing? Are you looking for cash flow to help you keep operations moving during a slow period? These are just a few of the reasons why business owners might need a loan for their grocery store. Some others include:

Working Capital / Cash Flow

Everyday expenses like inventory, staff salaries, and utility bills can be difficult to meet when you're tight on cash. Merchant cash advances can give you the working capital and business funding you need to keep your business running smoothly.

Business Needs for Grocery Store

There are always unexpected costs that come up when you're a grocery store owner. Grocery store financing can help you cover these costs so you can keep your business moving forward. For example, you might need to make renovations to your store or invest in new technology for online sales.

Adding Inventory

When you're stocking your shelves, you need to have enough inventory to meet consumer demand. But buying inventory can be expensive, and it's not always possible to pay for it upfront. A business loan can help you finance your inventory so you can keep your store stocked and your customers happy.

Infrastructure Improvements

Making improvements to your store's infrastructure can be expensive. But if you want to attract new customers and keep your existing ones, it's important to keep your store looking its best. A loan can help you cover the costs of making these improvements.

Information Technology & Software for Grocery Businesses

In order to compete in today's market, you need to have the latest technology and software. This can be expensive, but it's necessary to stay ahead of the competition. Grocery store financing can help you cover the costs of upgrading your technology so you can keep your business running smoothly.


It's important to let your customers know about the products and services you offer. But marketing and advertising can be expensive. Grocery store financing can help you cover these costs so you can reach more customers and grow your business.

Equipment Purchase / Upgrade

If you need to purchase new equipment to upgrade older equipment for your store, a loan can help you cover the costs. Grocery stores always need equipment like new refrigerators, checkout counters, freezers, or shelving.

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Factors Involved in

Qualifying for a Grocery Store Loan

Qualifying for a grocery store loan might come with a catch. There are a few questions that loan merchants will consider before proceeding ahead with your loan application. How Long Have You Been in the Grocery Store Business? How Much Don’t You Earn Each Week? What Are Your Current Expenses? What's Your Collateral Situation? and so on. Below are the factors involved in qualifying for a grocery store business loan:

1. Your Creditworthiness

Any lender will want to take a close look at your creditworthiness before approving a loan. This includes things like your credit score, credit history, and debt-to-income ratio. If you have a strong credit history, you're more likely to be approved for a loan. Those with excellent credit in your grocery store business can qualify for SBA loans from the Small Business Administration.

What Counts as Excellent Credit?

For many lenders, a score of 750 or higher is considered excellent credit. This means you're unlikely to default on your loan and will be able to make payments on time. 700-749 is considered good credit, while 650-699 is fair credit. Under 650 is considered poor credit.

What Counts Towards Your Credit?

There are a number of factors that will impact credit. You will want to pay attention to your payment history with creditors, credit utilization (the balance vs. credit limit), length of credit history (longer the history the better) , and types of credit (installment, revolving credit). Lenders will also look at your debt-to-income ratio to get an idea of your ability to repay business loans.

For example, the FICO credit score risk model looks like this:

FICO credit score risk model

However, even if you don't have perfect credit, you may still be able to qualify for business loans. Some lenders are willing to work with small business owners who have less-than-perfect credit. At Advancepoint Capital, this is our specialty. We'll help you obtain a grocery store business loan even if you don't have perfect credit.

2. Length of Time

The longer your business has been in operation, the more likely you are to be approved for a loan. This is because lenders want to see a track record of success before they give you financing. They'll also want to see that you have a solid business plan and are able to repay the loan. If your business is new, you may still be able to get small business funding, but you'll likely have to provide collateral.

3. Financial Statements

In some cases, you also need to provide financial statements, such as your income statement and balance sheet. These documents will give lenders an idea of your revenue, expenses, and overall financial health. They'll use this information to determine whether or not you're a good candidate for business loans.

Apply for a Grocery Store Loan Today!

Apply for a Grocery Store Loan Today!

If you're looking for small business financing for your grocery store, there are a few options available to you. You can apply for a loan from a bank or credit union, get a line of credit, or use a merchant cash advance. Each option has its own set of benefits and drawbacks, so it's important to compare them before you decide which one is right for you.

At Advancepoint Capital, we can help you acquire the financing that you seek. Fast and easy, with a wide range of options available. Apply for a grocery store loan today by filling out the simple quote form.

Frequently Asked Questions

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