Contents
As someone who is in the florist business, you know what it takes to grow a seed into a flower or a plant. It takes time, effort, and investments in vitamins, the right kind of water and soil. Growing a business is basically the same thing. The difference is you will need more capital.
This is especially true during the slow months where demand for flowers is quite low. You can use this period to improve your store, train your staff, or purchase new inventory. If you want to borrow money to fund your projects, don’t go to the bank.
Many commercial lenders will offer both fixed and flexible loan solutions. If qualified, you can borrow up to £240,000 in funds. Flexible loan plans will allow you to customise your payment according to your cash flow. However, if you prefer scheduled payments, avail of the fixed loan programme. Fill out an application online and within a few minutes, you will receive a no-obligation quotation on how much you can borrow. Once your application checks out, you can receive the funding within 24 hours.
If you are a florist looking for a business loan, there are several options you may consider. Some options include:
- Traditional bank loans: You can apply for a business loan from a traditional bank or credit union. These loans typically have longer repayment terms and lower interest rates, but they can be difficult to obtain if you have a limited credit history or collateral.
- Small business administration (SBA) loans: The Small Business Administration (SBA) offers several loan programs that are specifically designed for small businesses, including florists. These loans have more flexible requirements and lower interest rates than traditional bank loans, but they can take longer to be approved.
- Online lenders: There are many online lenders that offer business loans to florists. These loans are usually easier to obtain than traditional bank loans, but they often have higher interest rates and shorter repayment terms.
- Crowdfunding: Crowdfunding platforms such as Kickstarter and Indiegogo allow you to raise money from a large number of people, either in exchange for a product or service or as a donation. This can be a good option for florists who want to raise money for a specific project or event.
- Personal loans: If you are unable to obtain a business loan, you may consider taking out a personal loan to fund your florist business. These loans can be obtained through a bank or credit union, and they can be used for any purpose. However, personal loans typically have higher interest rates than business loans, so you should only consider this option if you are unable to qualify for a business loan.
It is important to carefully consider all of your options and choose the loan that is best suited to your needs and financial situation. Make sure to compare rates and terms from multiple lenders before making a decision.
Seasonal Demand Get You Down? Take Note Of Our Business Friendly Tips
Autumn
Halloween parties will require many tables with flowers and other beautiful arrangements. Come up with special Halloween discounts and promo packages.
Winter
With Valentine’s Day you should expect a windfall of sales. But don’t get complacent. Stay ahead of the competition! Offer attractive discounts, high-value add-ons such as free chocolate for every 1 dozen roses, or host a raffle for a special candlelight dinner-for-two.
Spring
Make sure you are fully stocked up for Mother’s Day. Build up the excitement by blogging about how special Mums are! Then gift everyone’s Mum with special packages.
Summer
With summer comes weddings! This is one of the best seasons for a florist business. Partner up with wedding coordinators by giving special discounts in exchange for being the exclusive floral arranger and supplier.