Merchant Cash Advances » Furniture Store Business Advance

Furniture Store Business Funding

Furniture business owner sits in chair amidst room full furnishings.

By Richard Wilson

Last Updated on

Estimated read time: 7 minutes

If you operate a furniture store business and need funding to upgrade your furniture inventory, enhance your discount furniture shop, or invest in specialized retail offerings, MCashAdvance furniture store business advances are the swift solution you’ve been searching for.

We offer furniture store business advances ranging from $5,000 to $900,000 to help grow your furniture retail enterprise. We fund all types of furniture businesses, including furniture stores, discount furniture shops, and specialized retailers.

Securing financing from banks for furniture store businesses can be a lengthy and challenging process, often taking weeks or even months to obtain, with strict approval requirements, extensive paperwork, and a preference for businesses with perfect credit.

An advance from MCashAdvance for furniture store companies offers simpler approval, no paperwork or collateral, the possibility of receiving funds within 24 hours or up to 3 days, and accepts poor credit scores with no hard credit check that won’t impact your credit score upon application.

Get a Furniture Store Loan Alternative Now

MCA Feature Offer Details
MCA Amounts: $5,000 – $900,000
Factor Rate: 1.1 – 1.5
Holdback 10 – 25%
Repay In: 3 – 18 months
Funding Time: 1 – 3 days

Applying is easy, free, and won’t impact your credit score.

Get the furniture store financing you need today.

What is a Furniture Store Business Advance?

A furniture store business advance is a type of merchant cash advance (MCA) created for furniture store businesses, including furniture stores, discount furniture shops, and specialized retailers.

Your furniture store business sells a portion of its revenue to MCashAdvance in exchange for an upfront lump sum of funds called a cash advance.

In exchange, we will deduct a small percentage of your daily sales revenue until the advance is fully repaid.

Emergency Funding for Furniture Store Businesses

In the furniture retail sector, specific financial needs can emerge, closely linked to the unique aspects of selling furniture, such as inventory diversity, showroom presentation, and delivery services. A cash advance for furniture store businesses offers targeted financial support, quickly accessible for very industry-specific requirements.

Furniture Store Financing for Any Purpose

Here are 17 common ways a cash advance can be utilized in your Furniture Store:

  1. Showroom Display Enhancements: Invest the funds in revamping your showroom displays to showcase furniture pieces more attractively and effectively.
  2. High-End Furniture Inventory Expansion: Use the advance to diversify your stock with luxury furniture items, including artisanal or designer pieces.
  3. Ergonomic Office Furniture Line: Direct the funds to introduce a range of ergonomic office furniture, catering to the growing home office market.
  4. Custom Upholstery Services: Finance the setup or expansion of custom upholstery services, offering personalized furniture options to customers.
  5. Eco-Friendly and Sustainable Furniture Stock: Use the capital to add environmentally friendly furniture options, such as pieces made from recycled materials or sustainable woods.
  6. Advanced Inventory Management System: Invest in a sophisticated inventory management system tailored for large furniture items and varying stock levels.
  7. Augmented Reality Shopping Experience: Use the funds to implement augmented reality (AR) technology, allowing customers to visualize furniture in their own space virtually.
  8. Delivery Fleet Upgrade: Finance the improvement or expansion of your delivery fleet, ensuring efficient and safe delivery of furniture to customers.
  9. Antique Furniture Restoration Workshop: Direct the funds to establish a workshop for restoring and selling antique furniture.
  10. Furniture Care and Maintenance Products: Use the advance to stock a range of furniture care products, such as polishes, cleaners, and repair kits.
  11. Specialized Training for Sales Staff: Invest in targeted training for your sales team, focusing on furniture design, trends, and customer advisory skills.
  12. Children’s and Patio Furniture Expansion: Use the capital to broaden your inventory with specialized furniture lines like children’s furniture and outdoor patio sets.
  13. In-Store Interior Design Consultation Service: Finance the establishment of an in-store interior design consultation service to assist customers in furniture selection and home styling.
  14. Online Marketplace Development: Direct the funds to enhance your online sales platform, facilitating e-commerce and expanding customer reach.
  15. Marketing Campaigns for Local Artisan Furniture: Use the funds for marketing initiatives focused on promoting locally crafted or artisan furniture collections.
  16. Modular and Space-Saving Furniture Range: Invest in stocking modular and space-saving furniture options, appealing to customers with limited living space.
  17. 3D Room Planning Tools: Finance the integration of 3D room planning tools on your website or in-store, helping customers plan their space before purchasing.

Furniture Store Advance Example

Let’s say you need a $11,000 furniture store merchant cash advance to purchase a new forklift to move larger furniture and stock more easily. If you are approved for $11,000 and receive a funding offer with a factor rate of 1.1 and a holdback percentage of 10% of daily credit card sales, your total repayment amount will be $12,100 (Total Repaid Amount).

Advance Amount$11,000
Factor Rate1.1
Avg Monthly Credit Card Sales$29,000
Holdback Percentage10%
Daily Credit Card Sales$967 per day (approx.)
Daily Payment Amount$96.70 per day (approx.)
Repayment Term (in days)Approximately 125 days
Repayment Term (in months)Approximately 4.17 months
Total Repaid$12,100 (Total Repaid Amount)

Furniture Outlet Funding Eligibility

To be eligible for funding from MCashAdvance you must meet these 5 criteria:

  1. Your furniture outlet must have been operational for at least 6 months
  2. Your furniture store should be generating a minimum of $100,000 per year in revenue
  3. As the furniture outlet owner, your personal FICO score needs to be 550 or higher
  4. Your furniture business must utilize a business checking account
  5. You, as the furniture outlet proprietor, must be over 18 years of age and a U.S. citizen

How to Get a Furniture Store Advance from MCashAdvance

To get an advance for your furniture business from MCashAdvance, follow these 5 steps:

Step 1: Begin Online Application: Click Apply for an MCA to begin.

Step 2: Fill in Your Details: Provide information about your furniture store and some personal details as the owner of the store.

Step 3: Submit Bank Statements: Upload the last three months’ bank statements of your furniture store.

Step 4: Await Review Process: One of our underwriters will review your cash advance application to decide on funding.

Step 5: Receive Offer and Funding: Once you get a funding offer, review it. If it suits your business needs, accept it, sign the MCA agreement and the funds will be deposited into your business account.

Get a Furniture Business Advance Now

or learn more about MCA loans

Furniture Store Funding FAQs

Can furniture stores get an SBA loan?

Furniture stores can potentially qualify for SBA loans, and they are most likely to be eligible for options like the SBA 7(a) Loan, SBA Microloan, and SBA Express Loan, offering financing solutions suitable for their industry.

Can furniture stores get invoice financing loans?

Furniture stores, primarily engaged in retail, usually do not meet the criteria for invoice financing. This financing method is more applicable in B2B settings.

Can banks provide loans to furniture stores?

Banks generally require furniture stores to have a minimum of two years in operation, a FICO credit score of 680 or higher, three years of cash flow records, and a clear business plan detailing fund usage. Meeting these criteria increases the likelihood of bank approval. If you can’t meet these requirements, consider exploring alternative lenders like MCashAdvance, which may offer more favorable eligibility criteria for obtaining financial support for your furniture store.

How does furniture store equipment financing work?

Furniture stores can purchase equipment like display racks and use the display racks as collateral to secure financing. At MCashAdvance, you can acquire display racks using our advances without having to use the equipment as collateral.

Can furniture stores get business lines of credit?

Certainly, furniture stores can access business lines of credit when they meet certain qualifications related to the furniture retail industry. These typically include maintaining a FICO credit score of 660 or higher, operating as a furniture store for at least one year, and consistently generating monthly furniture sales revenue exceeding $5,000.

What types of loans are available to furniture store owners?

Furniture store owners have access to various types of loans, including commercial real estate loans, equipment loans, and business lines of credit.

How can a commercial real estate loan help in launching a furniture business?

A commercial real estate loan can provide the necessary funding to secure a store or warehouse in a prime location, which is essential for launching a furniture business.

What may be required as collateral for a business line of credit if you are a furniture store?

Furniture store owners may be required to provide collateral to secure a business line of credit, which can include assets such as property or equipment to ensure repayment.

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