Antique Shop Loan Service
Unearth the perfect antique shop loan for your next business!
Running an antique shop is an exciting journey into the past, but it requires savvy financial planning to ensure a prosperous future. From curating unique and valuable pieces to creating an inviting atmosphere for antique lovers, securing the right funding is essential.
Our brokerage tool allows you to find the best rate for your business, taking the tediousness out of the search and giving you time to explore antiques.
Key Considerations
Startup Costs
Inventory: Acquiring a diverse range of antiques, from furniture to collectibles.
Store Setup: Purchasing the property and investing in display cases, lighting, and decor to highlight your treasures.
Marketing: Developing a strong brand presence through advertising, a website, and promotional events.
Running Costs
Staff Salaries: Wages for sales associates and specialists.
Utilities: Monthly expenses for electricity, heating, and water.
Supplies: Costs for packaging, e-commerce subscriptions, ongoing inventory.
Revenue Streams
Direct Sales: Selling antiques and collectibles to customers.
Online Sales: Expanding reach through e-commerce platforms.
Appraisals and Repairs: Offering services to value and restore antiques.
Record Keeping
Proper Accounting: Track all sales, expenses, and financial transactions. This is not only a good business strategy, so you have a better idea of expenses and revenues, but vital for tax returns and staying out of legal trouble.
Online Sales Growth
despite being an antique shop, 21st century innovation is needed to keep up with increasing demand for online antique shopping and auctions. Investment into digital platforms and e-commerce is necessary to expand your market reach and shift your inventory.
Provenance and Authenticity
Ensure the authenticity and proper documentation of antiques, through investment into thorough research and verification processes.
Types of Loans Available
Working Capital Loans, e.g. manage payroll or utility bills during slower business periods.
Equipment Financing, e.g. finance new display cases or security systems.
Inventory Financing, e.g. acquire new antiques before a major auction or sale event.
Merchant Cash Advances, e.g. fund a marketing campaign or store renovation project with future credit card sales
Bridging Loans, e.g. fund a store renovation before long-term financing gets approved.
Invoice and Payroll Loans, e.g. cover employee wages with pending customer payments.
Asset Finance, e.g. acquire new shelving units, furniture, or store fixtures, with these assets serving as collateral themselves.
Leading Lenders for Antique Shop Loans
High-Street Banks
Commercial banks may or may not be your best option, depending on your situation. If your finances are straightforward, with cash on hand and a good credit history, you will find yourself a range of low-interest options, however their strict eligibility criteria will disqualify some.
Private Lenders
Private lenders are quicker and more flexible than their commercial counterparts, although the trade-off is higher interest rates. If you have a more complex financial situation, such as a high proportion of wealth as illiquid assets, or are in need of a quicker, more flexible loan, private lending maybe the route to go.
Can I apply for an antique shop loan?
Any business can apply for an antique shop loan, regardless of how big or small it might be, provided you are VAT registered and you meet the minimum monthly turnover.
As a range of business funding options are available, it can often be challenging to find the perfect deal to acquire your antique shop. Our specialist business loan advisory team helps take the strain in finding the right finance solution for your expansion into antiquities.
Call us today on 0117 313 8872, for a free initial consultation or use our business loan quote service.