The 8 Best Loans for Retail Businesses

Jan 18, 2020

The 8 Best Loans for Retail Businesses

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There are numerous costs related to starting and sustaining any business, including licenses and permits, office space, equipment, website, utilities, marketing, advertising, communications, insurance, inventory, and staffing. While this list is hardly exhaustive, it gives an idea of the diverse demands that pull on a small business owner’s time and resources.

The Small Business Administration (SBA), ever ready to provide resources to entrepreneurs, offers calculators to help you estimate the expenses that will likely apply to your retail business. It’s a usual exercise to crunch the numbers regularly and get a “state of the union” for your business.“Those individuals who are interested in the business world simply need to understand how much it costs to start up a business,” says Forbes. “By knowing the relative costs, they will be able to spend their money wisely and hopefully turnover more profits. This, in turn, ought to allow them to survive in this harsh business climate. Quite often we see businesses failing as they have failed to pay attention to the finer details.”

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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