Gun Store Financing up to $300,000
The Gun industry can be a lucrative business. With increasing popularity in the United States, new business owners should be prepared for the upfront cost of building their shop and stocking their shelves. If you’re looking for financing for gun dealers, we can approve you for up to $300,000 in under 48 hours. Apply now to see if you qualify.

Financing for gun dealers can help new business owners obtain the funds they need. A gun business can be a lucrative, profitable business. In 2020, Americans bought over 23 million guns, a 63% rise in sales from the previous year. However, a gun business does require some planning. You will need to pull licenses and permits. You will also need to secure funds for firearm inventory and a storefront.
What Is a Loan for Gun Dealers?
A loan for gun dealers helps business owners fund the costs of starting a business. Gun dealer’s loans are available from a variety of lenders.
These loans could be secured or unsecured and may have different terms, including length of repayment and interest rates.

Uses for Loans for Gun Dealers
Obtaining a loan as a gun dealer can provide you with the funds you need. A loan can help you cover expenses like:
- Hiring employees
- Pulling permits
- Obtaining licenses
- Buying inventory
- firearms (handguns, shotguns, rifles, etc.)
- ammunition
- cases
- cleaning supplies
- safes
- locks
- scopes
- protective gear
- holsters
- targets
- Paying rent and utilities
- Marketing your business
- Buying furniture
- Registering the business with the city and state
- Attending gun shows to learn more about the business
- Training employees
The costs of opening a firearm shop depends on many factors. You may want to first list expenses to know how much of a loan you need.
Gun Dealers Funding Options
SBA loans (small business loans) are available to registered small businesses. You can apply for SBA loans through your bank. Before applying, however, it’s important to ensure that your business is properly registered. SBA loans can help with most business-related expenses in terms of working capital and fixed assets. So if you’re in need of a store space and need to pay leasing fees, inventory, hiring personnel, and other gun shop-related expenses, and SBA loan may be a good fit for you. Don’t feel like renting?
A commercial cash advance, or merchant cash advance, is a type of alternative financing that provides you with funding that is repaid through automatic credit card processing. For example, when customers use their credit cards to buy firearms or firearm accessories, a pre-determined percentage of the sale cost goes to the lender.
New businesses sometimes struggle to meet the requirements of conventional loans because they are recently established, have no or minimal business credit history, or are working on improving their personal credit score.
An equipment loan is available for small businesses who want to buy equipment. This type of loan is reserved for essential machines and equipment necessary for your business. In a firearm business, firearms and sales equipment may only be eligible for financing approvals. Some equipment loans also allow you to purchase furniture for your storefront.
A line of credit works similar to a credit card. The requirements for a business line of credit often include a high credit score and annual revenue of at least $25,000. The lender may also require that you have been in business for at least six months.
It’s essential to consider your options when choosing the best gun financing. Each lending option has pros and cons that may work better for some business owners than others. Always consider how long the approval process takes, monthly payment, future months interest charges, and if there are any penalties for paying off your contract early.
Tips for Gun Dealers Trying to Qualify for Financing
Before applying for a gun loan, it’s vital to ensure that you have the proper licensing and credentials. Most states require you to have a Federal Firearms license. Always do your research to find the best lender. Consider how much you’ll have to repay each month and if this is realistic.
Creating a business plan ahead of time, or hiring a consultant, can help you determine your sales plan. A good business plan should tell you how much you need to earn each month to be profitable, which can also help you choose a business loan that fits in with your intended revenue and profits.
Gun Dealer Loans Pros and Cons
It’s important to know the pros and cons of gun dealer loans before applying. Consider the pros and cons of taking out a loan to fund your gun shop:
Pros
- You have the funds you need to obtain the required licensing and permits.
- You can hire employees to help with the business.
- You can fully stock your firearm inventory.
- You can invest in marketing to increase sales for your business.
Cons
- You will have to repay your loan each month, regardless of revenue.
- If you default, you may be subject to collateral consequences.
- Defaulting on your loan can damage your credit score.
- It’s not always easy to determine the best loan for you.
- Be mindful of any pre-payment penalties.
- Incurred interest
- Applying for a loan results in a hard credit inquiry
You may require a gun dealer loan to start a business if you don’t have access to capital. Other available options to fund a firearm business may include family and friend loans or bootstrapping and saving up on your own.
Other Industries We Finance
Frequently Asked Questions on Gun Dealer Loans
Here are some of the most frequently asked questions on gun dealer loans:
A gun dealer may need financing to stock their inventory. The cost of acquiring a large number of firearms, ammunition, and other supplies is not cheap. They may also need financing for additional business costs, like permits, licenses, employee wages, and rent.
Many businesses, including firearm shops, don’t make a profit for a few months or even a few years.
However, once they establish a place in the community and earn customer trust, a gun shop can be a very profitable business. In the meantime, a loan can cover some of the costs.
The cost of starting a gun shop varies based on location, number of employees, size of your shop, and the merchandise you plan to sell. Some costs are standard, including a $750 fee to register the business. However, it can cost between $3,000-$4,000 to obtain the necessary permits and licenses for selling guns.
The cost of equipment and buying new guns can be $10,000-$15,000 or more. In addition, you’ll need a counter, cash register, equipment, and a security system. Don’t forget other relevant costs, like a website and marketing materials. Depending on your location, you may need to let locals know that you are new in the area and open for business.
The required credit score depends on the type of loan. If you choose a traditional bank for funding, you may need a score of at least 720. Borrowers with bad credit may have better luck with alternative options, like a merchant cash advance, because they consider more than just your credit when making approval decisions.
When choosing the best gun dealer lender, look for those with a good reputation and favorable loan terms like interest rates and lending fees. In addition to selecting a gun dealer lender with clear loan requirements, it’s also essential to look at repayment terms.
Some lenders may require that you repay the loan in as little as a few months. Others may give you longer, which can lead to lower monthly payments. Other areas to consider include secured versus unsecured loans.
The answer to this question depends on the type of financing you choose. Take equipment loans, for example. These are great for purchasing new equipment, but hiring employees does not fall under that scope. With merchant cash advances and some business loans, you can use a gun dealer loan to cover any costs of opening a gun shop, including hiring and training new employees. Check with your lender before signing to ensure you know what is approved under your specific loan terms.
Additionally, if you plan on working in the business initially, you may need to give up full-time wages. A loan can help you stay in business until you return a profit.

Funding Your Business Is Our Business
Gun Dealer Loans Can Help Your Business Grow
Gun dealers have a variety of financing options to choose from when starting their businesses. Consider the pros and cons of each loan option to choose the best one for you.
Be sure to work the terms of the loan into your business plan. Calculate how much you’ll have to pay each month and compare this to your expected revenue.
Does Your Business Need Funding Today?
There’s no fee or obligation, and it won’t impact your credit.
$5,000 – $1,000,000
Talk to a rep at (855) 433-8641
Mon – Fri | 9:00am – 8:00pm