Convenience Store Funding
According to IBIS, the convenience store industry is projected to grow by 2.4% in 2022. Stay ahead of the competition and enhance your customers’ shopping experience with up to $500,000 in funding from NextGen Capital, available in as little as 24 hours.
Fast Convenience Store Funding You Can Trust:
Changing consumer lifestyles and the demand for one-stop, round-the-clock shopping continue to drive growth for convenience stores.
Traditional lenders like the Small Business Administration and commercial banks often consider convenience stores a “high-risk” industry due to factors such as low profit margins and high inventory turnover. This makes securing financing from these lenders difficult, potentially causing you to miss valuable growth opportunities.
With a streamlined online application, fast approvals, and flexible funding requirements, NextGen Capital can provide more convenience store funding than traditional lenders. We offer faster approvals, with funds deposited in as little as one business day. Our funding options range from $3,000 to $500,000, with no restrictions on how you can use the funds. We support all types of convenience stores, including service stations, kiosks, and more.
Accounting Firm Funding Solutions
will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How To Use Convenience Store Funding:
There are no restrictions on how you can use funds from NextGen Capital. Convenience store funding is designed to support your business’s working capital, drive growth, and ensure your store remains fully stocked and operational. Use your funding to:
- Purchase inventory stock
- Offer local delivery services
- Modernize your store
- Upgrade appliances like refrigerators and improve store displays
- Fund expansion plans
- Invest in computerized systems to track inventory
- Hire and train new employees
- Advertise and market your business
- Extend hours of operation
Will You Qualify for Convenience Store Funding?
Exact qualification requirements depend on the type of convenience store funding you are seeking. Approval for convenience store funding from Next Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Convenience Store Funding Works:
Convenience Store Funding Q & A
You can secure funding from traditional lenders like the SBA or banks, as well as from alternative lenders like NextGen Capital. Alternative lenders provide more flexible approval criteria, focusing on your business’s overall financial health and growth potential rather than just your credit score. They also offer revenue-based financing options, such as merchant cash advances, which are ideal for businesses with lower credit scores. Contact a Funding Advisor for more details.
Most banks classify convenience stores as high-risk due to factors such as high inventory turnover and lower profit margins. As a result, securing funding through traditional channels can be challenging. NextGen Capital, as an alternative lender, has more flexible approval requirements and can provide funding for industries often labeled as “high-risk.” We can help cover your operational expenses, labor costs, inventory purchases, and more—often within 24 hours.
Applying for funding is simple and quick. NextGen Capital offers a streamlined process with same-day funding available for most applicants. To get started, complete our one-page application form or consult with a Funding Advisor who can guide you through the process.
Funding can be used for various business needs, including:
- Purchasing new products and restocking shelves
- Upgrading point-of-sale (POS) systems
- Renovating and modernizing your store
- Running marketing campaigns to attract more customers
- Training employees to improve service quality
Some businesses also set aside a portion of their funding as a financial buffer to ensure operations continue smoothly during slow sales periods.
