Inventory management is one of the biggest struggles for retail small business owners. A business can be predictable for years, but then in comes a big box supplier or more word-of-mouth referrals and suddenly they need way more inventory than expected. But when these unforeseen inventory needs arise, most small businesses don’t have the cash on hand to make those necessary purchases. Financing inventory turnover can be a never-ending struggle for these business owners.
At Fundera, our mission is to help more small business owners get the capital they need to grow. We’re always seeking opportunities to work together with companies who have the same desire to contribute to the small business ecosystem. Today, we’re proud to announce our partnership with one such company.
B-Stock Solutions powers the largest network of B2B liquidation marketplaces that make up the B-Stock Sourcing Network. Here, small businesses can sell their excess inventory or buy other retailers’ excess inventory through eBay-like auctions. What sets the B-Stock platform apart is that it connects buyers directly to sellers with no liquidation middleman or price mark-ups. As of today, B-Stock will be offering the Fundera marketplace as a funding choice for its small business customers looking to finance purchases made across the B-Stock Sourcing Network.
“B-Stock is pleased to give small businesses a transparent and easy platform to access bulk quantities of merchandise from hundreds of top retailers and manufacturers, across hundreds of product categories,” said Sean Cleland, B-Stock’s Director of Business Development. “By partnering with Fundera, we look forward to expanding the resources available to our buyers.”
When business owners need new inventory, they usually need it fast. Applying for a loan can be a time-consuming and involved process. By visiting B-Stock’s Fundera-empowered loan center, B-Stock buyers can complete one simple application and apply to more than 30 of the industry’s best small business lenders. B-Stock buyers will then work with their very own funding specialist to make sure they understand their options and offers. B-Stock buyers can now get funding fast, for free, without ever leaving the Fundera site.
With this partnership, we hope that more small business owners with time-sensitive inventory needs can secure the financing they need to get that inventory on their shelves quickly. We’re excited and proud to call B-Stock a partner and look forward to helping more small businesses together.
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from Fundera Ledger https://www.fundera.com/blog/2016/02/29/bstock-fundera-partnership/