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Business Loans for Wholesale Companies

Best Business Loans for Wholesale Companies

A+ Rated First Financial Rewards Wholesalers

Wholesale’s tight margins mean business expenses must stay low. A vital part of the supply chain, wholesale companies benefit consumers immensely. No matter how much shopping changes in the future due to technology and the internet, wholesale companies will still be necessary. First Financial business loans for wholesale companies make it easier for wholesale enterprises to manage cash flow, insurance costs, and more. Apply today!

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A+ Rated Better Business Bureau

First Financial offers its loans to wholesale companies that have a stable management team and have a record of producing profits year after year. Join thousands of businesses that have taken advantage of the low rates and excellent terms offered by First Financial.

Carefully Selected Business Loan Perks Just for Wholesale Companies

First Financial rewards successful wholesale companies with lower business loan costs. Owners put these savings towards growing their business.

Review the perks a small business loan from First Financial brings:

  • Term loan rates start at a low 5.99% annual interest rate (AIR)
  • Flexible, tailored lines of credit starting at 13.99% annual percentage rate (APR)
  • Fast application: the average client takes 7 minutes to complete it.
  • We approve some applicants instantly, others in a day.
  • Expert loan advisors that take your application over the phone if you prefer.
  • Money transferred to your account in one business day. Whew!
  • Access to a loan specialist available by phone and email from 8:00 a.m. until 9:00 p.m.
  • Secure and easy to use mobile and web platforms that makes managing accounts simple and convenient
  • Improved business credit scores with your consistent, on-time payments
  • Low document requests: just basic business information and three months of bank statements.
  • Privacy policy and proven practices that keep your personal information secure.
  • The safest security the Treasury Department allows protects your personal and financial

Does Your Business Meet These Qualifications?

Of course, we are only able to offer our highly personal, low-rate loans to wholesale companies that meet certain requirements. Approved applicants have these traits:

  • Based in US, Canada or Australia
  • One plus years in business minimum (average borrower has been in business 6 years)
  • $100,000 in gross annual revenue (average borrower does $500k)
  • Consistent cash flow
  • Minimum FICO score of 500 (average customer has a 680 score)
  • No bankruptcy in last 2 years
  • Doing business in an approved industry – while First Financial has approved businesses in hundreds of different categories, we have to say “no” to businesses in industries that are new (Cannabis, digital marketing), have high chargebacks or other unpredictable qualities. Review a complete list of the restricted industries LINK for which First Financial cannot provide business loans.

To find out whether you qualify for a First Financial small business loan, apply via our application here. Our “soft” inquiry won’t affect your credit score, unless we find your credit file is restricted. If we do, we will contact you to lift the restriction. With your permission, we perform a hard pull, which will impact your credit score. Of course, we will let you know immediately if we discover your credit file is restricted.

Evaluating the Future of Your Wholesale Company?

Get Insights from Research

Owning a small business is not easy, and tomorrow is always uncertain. With news outlets always warning of an inflated stock market or recession that isn’t far away, it’s understandable that small business owners have a higher level of stress than most.

Here’s what analysts in the wholesale space see ahead:

First, due to the economic recovery and a potential tax break for businesses, wholesale company owners are very optimistic. In a recent survey, 41.3% percent of owners expect sales growth between five and ten percent in 2017, and 19.3% expect to see sales growth of 10% each year.2 Overall, owners in this industry are confident.

In the same survey, many business owners expressed optimism for growth because they were planning to branch out into new market segments to target new customers. Some were building a website for the first time or were updating it, while others are introducing mobile apps for customers. Embracing technology could lead to significant growth in the years ahead for your business.

In other promising news for wholesale enterprises, the Bureau of Labor Statistics reports that jobs for wholesale representatives will grow by 7 percent by 2024.3  This growth will be fueled in large part by technology and new products that will drive demand.

Finally, there is still incredible opportunity in the wholesale industry and several different ways your business could potentially expand. Artificial intelligence and increased automation will have big impacts on the distribution of goods. Preparing for these changes and embracing them can put your business ahead of the competition – resulting in lower overhead costs and improved efficiency. Still, they require a capital investment in your business.

Let an A+ Rated First Financial Business Loan Stabilize Your Wholesale Company’s Future

First Financial has proven that small business loans no longer require face-to-face discussions with bankers or a stack of documents three feet high. Our online banking service means applications, statements and notices are entirely online, viewable on the web from any device.

[1] http://www.kiplinger.com/article/business/T019-C000-S010-retail-sales-consumer-spending-forecast.html

[1] https://www.vendhq.com/us/university/retail-trends-and-predictions-2017


First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center: Main: 1-800-315-7791 Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

Merchant Services / High Risk Merchant Accounts: 1-800-950-0212 Fax: 1-800-215-0217

 

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