Line of Credit
The Dilemma of Stocking for Holidays
The holidays had always been a busy time for the toy store. It only made sense that everyone looking for gifts for little ones would stop in to find something innovative and fun for the kids. This year, the owner had found a great product that she knew would sell. The problem was that the year had been slim in profits so purchasing the toy in bulk wasn’t possible without some work.
She didn’t want to let her clients down, nor did she want to end the year on a bad note. This led her to look into financing that would allow her to bring in an exciting new product that kids were sure to love.
How Much Financing Is Needed?
It was a gamble to move forward without having the item in stock, but the owner was sure that it was going to pay off. As such, she started to look into how much money was needed to ensure she could handle demand if she brought the product into the store.
When all was said and done, she wanted to have $200,000 to stock the product, as well as any others that would be big sellers around the holidays. Once she had a number in mind, the next step was to look into which financing options worked for her needs.