Hardware Store Business Loans

Opening a hardware store is a great business idea, of course, you would be the ” David amongst Goliaths”.  Once upon a time hardware stores were practically overrun by independent operators, now chain stores such as Lowes and Menards and smaller hardware chains such as Ace hardware and Harbor Freight and Tools dominate the market. That being said there is still a huge opportunity in the hardware industry. First, you must explore if you are doing an acquisition, startup, or buying a franchise and once you have decided which direction is best for you, starting a very well laid out business plan is always recommended.

Why Choose us for Hardware Store Business Loans?

From the onset of opening your hardware store, you will learn fast that cash flow is your enemy, the struggle to bridge the cash flow gap between the constant need for inventory for your hardware store. Hardware store business loans are one type of small business financing you can use to bridge those cash flow gaps. Understanding the different options for hardware store business funding and how you can use these business loans to advance your hardware store will help you decide if it’s right for you.

We have over 175 lending partners, each with different interest rates and products, and the best part is there’s no risk to your credit score and no hidden obligation. Our marketplace is designed to improve your funding odds, and give your hardware store better business funding opportunities and we nurture your business throughout the business funding process by providing a step-by-step application and 24-hour funding.

Types of Hardware Store Business Loans

SBA Loans

SBA 7(a) loans from $30,000 – $350,000 from the Capital for Business network can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loans for a hardware store business can be used to fund new equipment purchases as well.

• highest loan amounts
• lowest APRs
• long repayment periods of up to 25 years
• lots of available loan types

Bank Term Loans

A Business term loan from lenders in the Capital for Business network is between 2-5 years and loan amounts anywhere from $30,000 to $500,000

• $30,000 to $500,000 loan amounts
• 2-5 year terms
• Fixed interest rate from 7.99%
• Monthly repayments

Business Line of Credit

A business line of credit provided by Capital for Business is based on the revolving credit. That means you can use the funds repeatedly. Having a business line of credit provides you with extra flexibility and peace of mind when it comes to injecting money into your daily operations. It helps you avoid downtime and make sure things are running smoothly

• Receive up to $250k with a business line of credit
• Business lines of credit rates as low as 6%
• Only pay interest on funds drawn
• Credit is available when needed
• Nearly every industry-accepted
• Apply for loans online and link your business information securely

Small Business Loan

A small business loan from our marketplace of 100+ alternative lenders will enable you to get the capital you need for your business growth. Our high approval rates mean that we say ‘Yes’ when banks say no. Our lending process which takes less than 5 minutes will not affect your fico score and we boast a 24-hour loan approval.

• Get up to $500k in business funding within 24 hours
• Factor rates start at 1.15 and interest rates as low as 9.99%
• Easy business loan application process
• Flexible financing terms
• No collateral needed

Working Capital Loan

Working Capital loans can help you take care of immediate needs in your business, whether that is a cash-flow shortfall or a new business opportunity. No collateral is required for our working capital loans or short-term funding, the required documentation is limited, and perfect credit is not needed.

Nearly every industry can get a working capital loan. Working capital loans are perfect for business owners who need short-term funding to grow. Working capital loans are simple, fast, and affordable and are designed to help with seasonal shortcomings with revenue or the need to boost inventory.

• Receive up to $500k in working capital
• Factor rates as low as 1.15
• Easy business loan application process
• Flexible loan repayment
• 6 to a 24-month loan term

Business Loans for Bad Credit

we have bad credit business funding options for hardware store business owners with poor credit. Bad credit shouldn’t affect your ability to receive a small business loan so our loan advisors take look at your business revenue and potential, rather than your credit score to find alternative lending options for your business.

• 90% approval rates with business loans for bad credit
• hassle-free application process
• All credit scores are considered

Merchant Cash Advance

A Merchant Cash Advance is an innovative alternative to a traditional small business loan. Capital for Business utilizes your expected future credit and debit card sales to be able to provide you with working capital so you can put your business plans into action. Instead of fixed daily payments, the repayment for an MCA is completely flexible.

• Receive up to $500k with a merchant cash advance
• Factor rates as low as 1.15
• Access to business funding in as little as 24 hours
• All credit scores are considered
• Qualify for 85-250% of your monthly credit card sales
• Repayment based on daily credit card revenue and gross bank deposits
• All credit scores are considered

Equipment Financing

Are you in the need of new business equipment but do not have the necessary capital on hand to pay for it? Equipment financing done with Capital for Business is incredibly simple fast and affordable. We are a top-of-the-line marketplace alternative lender that can provide you with same-day funding to purchase any type of equipment that your business may need.

Software, heavy construction equipment, vehicles, and much more. You will repay your equipment loan with low monthly payments and we keep the upfront cost minimal to something that your business can afford.

• No collateral needed
• Simple, fixed monthly payments
• Same-day funding up to $250,000
• Potential Section 179 tax deduction

Invoice Factoring 

At Capital for Business, Invoice factoring is a quick and flexible source of funds for businesses that are waiting for outstanding receivables to pay. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Invoice factoring allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $2.5 million for larger companies.

• Competitive receivable financing rates with same day decisions
• Improve Cash Flow Without Incurring Debt
• Factoring Outstanding Receivables up to $2.5 MM

Business Credit Cards

Business credit cards act as a revolving line of credit and are used for both purchases and payments. Businesses use credit cards with other loan products and are usually used for working capital purposes. Pre-revenue and startup companies can apply and receive these cards also, as well as established companies, of course. The biggest factor for approval is the strength of personal credit.

Product Overview:

• Up to $150k
• Rates: interest rates starting at 0% intro rate for the first 6-18 months* and up to 19.99%
• Repayment: Revolving, credit cards are personal lines of credit.
• Fees: 3% to 5% origination fees
• Payments: Low monthly payments
• No collateral required

Credit Score: Must have a good credit score, at least a 680-fico score, good credit history, and a credit utilization not over 35%. Bad credit is not allowed

No Annual Revenue requirements to apply

• *not all cards have intro rates in our business credit card network

Why should you apply for our hardware store business loan?

Capital for Business has been serving small businesses for over 15 years and knows what the entrepreneurs value the most. That is why we offer:

• favorable approval rates.
• we offer bad or poor credit business loans
• custom-tailored service with a dedicated loan specialist.
• reasonable eligibility requirements.
• flexible repayment terms on a daily, weekly, bi-weekly, or monthly basis.
• hassle-free online business loan application process.
• same-day approval.