How to Grow Your Retail Business With a Line of Credit

Jan 28, 2020

How to Grow Your Retail Business With a Line of Credit

By

The retail grind is all-too-familiar to the modern-day business owner. It’s easier than ever to join the retail space thanks to the digital age. Maybe you started online, maybe you started with a local brick-and-mortar store. Whatever the case, one demand holds true—you want your business to grow.

Growth means a lot of things to a retail store owner: growth in sales, growth in profits, growth in infrastructure, growth in your workforce, etc. Growth is a product of savvy decision-making and smart investment. In this guide, we aim to offer a little bit of both by describing how a line of credit can fuel your growth strategies.

First, we’ll take a look at the current retail climate so we can better understand the context of our investment decisions.

About the Author

Andrew Mosteller

Andrew Mosteller

Andrew Mosteller is a freelance writer and regular contributor to Lendio News. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Andrew's father, an equity fund manager, taught him the ins and outs of investment financing. Now, Andrew spends his time writing copy for business owners, helping them expand and advertise their unique brands. He's also studying Strategic Communications at the University of Utah. When Andrew's fingers aren't glued to the keyboard, he spends his time reading, podcasting, composing music, and bombing down the ski slopes.

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