Quick answer: Grocery stores, bodegas and convenience stores most often use a line of credit to keep shelves stocked and take advantage of supplier deals, equipment financing for coolers, freezers and POS systems, and a term loan for remodels or a second store. Established stores with steady daily deposits can often be funded the same day by a non-bank lender.
Why grocery and convenience stores need financing
Grocery and convenience stores run on thin margins and high volume, so inventory has to be bought constantly. Refrigeration breakdowns are urgent and expensive, and remodels or new equipment are needed to stay competitive.
Common uses for grocery and convenience store financing
- Inventory and supplier bulk-buy deals
- Coolers, freezers and refrigeration repairs
- POS, scanning and security systems
- Store remodels and new fixtures
- Adding a deli, hot food or prepared foods section
- Opening another location
Financing options for grocery and convenience stores compared
| Option | Best for | Speed |
|---|---|---|
| Line of credit | Inventory and supplier deals | 1–3 days |
| Equipment financing | Coolers, freezers, POS | A few days |
| Term loan | Remodels, deli build-outs, new stores | Same day to 2 days |
| SBA loan | Buying a store or property | Several weeks |
What lenders look at for grocery and convenience stores
Lenders look at daily card and cash deposits, margins, existing debt and time in business. High, steady volume is a strong signal.
What you need to qualify with Brookestone Funding
- 2+ years in business
- $30,000+ in monthly revenue
- 600+ credit score
- Recent business bank statements
Qualified grocery and convenience stores can borrow $10,000 to $2,000,000 with terms up to 36 months and rates starting at 8%. Complete applications submitted early in the day can be funded the same day.
Tips before you apply
- Deposit cash sales regularly so bank statements reflect true revenue.
- Get quotes for refrigeration and equipment before applying.
- Calculate how much supplier discounts save compared with the cost of financing.
- Compare offers on the total amount you’ll repay, not just the rate, and size the payment to your slowest month.
Related Guides
- Best Restaurant Business Loans in 2026: Options Compared
- Best Loans for Trucking Companies and Construction Contractors (2026)
- Medical Practice Loans: Fast Financing for Doctors and Clinics
- Same-Day Business Loans: How They Work and How to Get Funded Today
- Can You Get a Business Loan With a 600 Credit Score? Yes — Here’s How
- Business Loan Documents Checklist: What You Need to Apply
Frequently Asked Questions
Can a grocery or convenience store get a business loan with a 600 credit score?
Yes. Brookestone Funding works with grocery and convenience stores that have a 600+ credit score, 2+ years in business and $30,000+ in monthly revenue.
How fast can a grocery or convenience store get funded?
Qualified grocery and convenience stores can often be funded the same day with a business term loan, or within 1–3 days with a line of credit, once the application and recent bank statements are complete.
Can a convenience store get a business loan?
Yes. Convenience and grocery stores with 2+ years in business, $30,000+ in monthly revenue and a 600+ credit score can qualify with Brookestone Funding.
How can a store pay for an emergency cooler repair?
A fast term loan or line of credit can fund the same day or within a few days for qualified stores.
Ready to see what your grocery or convenience store qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
