Fragrance Business Financing

Do you sell a physical product with sales over $150,000?

Fragrance business financing may be necessary in growing your business. Whether you need financing for research and development, operating costs, equipment, or inventory, there are different types of financing to choose from. First determine what you need financing for. Next, explore your options. Keep reading to learn more about fragrance business financing.

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1000+

Deals Funded

$200M+

In Inventory Funding

99.5%

Funding Success

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$2,500,000
$2500000
$0$20000000

Why choose Kickfurther for Fragrance Business Financing?

Don’t pay until
you sell.


Your payment obligation only begins once your sales are made. This alleviates the cash-flow pinch that lenders cause without customized repayment schedules. Free up capital to invest in scaling your business without impeding your ability to maintain inventory

30% cheaper
funding.


Know your rates. When you compare ours, you’ll often see that you’re saving. We cost less than factoring, PO financing, and many lenders. We also have higher limits than competitors.

Fund up to $1 million
in an hour.


Once approved and the deal goes live, most deals fund within a day (often within minutes to hours), so you’ll never miss another growth opportunity.

It’s easy, it works, &
it grows with you.


Companies access higher funding limits and often get lower rates as they return to Kickfurther, creating a scalable solution that grows alongside your company.

“Tough Times Call For Creative Funding — Check Out
Kickfurther’s Clever Model”

Join 800+ Kickfurther success stories

Financing Options for Fragrance Businesses

Fragrance Business Financing

What is fragrance business financing?

Fragrance business financing is a type of funding that is used to cover fragrance business expenses. Some loans can cover any expense while others must cover specific expenses. Repayment terms, interest rates, and fees can vary, so you’ll want to compare options. If you only need funding for inventory, you should look into inventory funding rather than a business loan or line of credit.

How does fragrance business financing work?

Fragrance business financing works differently depending on the type of loan you are getting. There’s also the chance that you are not getting a traditional loan, but rather funding from backers or buyers. In general, a term business loan will provide you with a lump sum of cash that can be repaid in monthly installments. Inventory financing will work a bit differently. In most cases, the lender or backer will pay the supplier or manufacturer for the inventory and a pre-arranged repayment schedule will be in place. The common denominator of the various types of financing is that you are borrowing money for business use that will need to be repaid with some kind of interest. Fees may apply too.

Can fragrance businesses get funding to expand their business?

Most types of fragrance business financing can be used for any business expense and that includes expansions. If you are looking to expand your business, you may need to hire additional staff, buy more equipment, pay for remodeling, or rent or buy a new location. A loan or funding can be used to cover these costs.

Types of fragrance business financing

There are many types of fragrance business financing options available. Let’s take a look at a few.

Bank Loans: Bank loans have their share of advantages and disadvantages. On the bright side, they can offer low interest rates and long-term loans, giving you plenty of time to pay them off.

On the downside, they are difficult to qualify for as lenders will want to see a high credit score and solid business history. They can also take a while to approve.

Banks primarily offer two types of loans, term loans and lines of credit. A term loan is a lump sum of money that can be paid off over time.

A line of credit is an amount of money made available to the company. The company can borrow any amount up to the limit at any time. Interest is charged when the money is borrowed, and the amount can be paid off right away or over time.

Term loans and lines of credit are also available through other types of lenders. Terms and interest rates will vary.

SBA loan: An SBA loan is similar to a bank loan in terms of interest, approval times and requirements. However, they are more forgiving of businesses that default on their loans. The SBA is an independent agency of the federal government. 

Inventory financing: Inventory financing is a type of loan that can be used to purchase inventory only. The inventory is used as collateral so other factors, like credit score and business history are not taken into high regard. If the business defaults on the loan, they may end up losing their inventory. You can also use inventory funding which is funded by buyers or backers. There are online platforms that can connect you to a community of backers.

Common costs associated with a perfume/fragrance based business

A fragrance business will incur several costs that may be covered by fragrance business financing. These include the following:

Real Estate: A fragrance business may sell products directly to a customer or they may manufacture them and sell them to businesses. Either way, they will likely need a store, factory, or home base to work out of.

Inventory: If the company is a retail or wholesale operation, they may require funding for products to sell to customers.

Equipment: A fragrance manufacturer may need machinery to make their products while a retail seller may need equipment like POS systems, display racks and more.

Marketing: A marketing plan will be necessary in getting the word out about your goods and services. You may need funding for marketing materials, software, and a marketing staff.

How inventory financing can help fragrance businesses

Inventory financing is a good option for fragrance businesses because it gives them the funding they need to generate income by selling products. It can also be useful if the company wants to expand its product line. Inventory can tie up a lot of cash which can disrupt cash flow. Inventory funding or financing can help improve cash flow. 

Tips to grow and succeed in the fragrance/perfume business

Once you get your fragrance business started, there are a few things you can do to be successful. These include:

Keep track of finances: Businesses have a lot of moving parts. It’s essential to track finances and know where money is going. 

Offer innovative products: Offering your customers innovative products will help you stand out from the competition.

Create a strong business plan: Leaders should create a strong business plan based on how much income they want to be making, product development, expansion and more.

What are the requirements to obtain inventory financing for my fragrance business?

Most lenders will want to see a good credit score and a strong business history.

A credit score of over 700 will get you approved for most loans. If your score is lower than that, your business history may give you the leg up you need to get approved. But if your score is in the low 600’s or below 600, you may be limited to cash advances, collateral loans, and alternative loans.

Businesses that have been in business for 1-2 years and generate an income ranging between $50,000 and $250,000 are likely to get approved.

Even if you qualify for traditional inventory or business financing, it may be too expensive to justify. For this reason and more, business owners often turn to inventory funding. To qualify for inventory funding through Kickfurther you need to sell physical products and have sales of $150,000 over the last 12 months. Kickfurther is up to 30% cheaper than other options. 

How Kickfurther can help

Kickfurther can help brands that sell physical products with revenue between $150k to $15mm over the last 12 months. We connect brands to a community of eager buyers who help fund inventory on consignment. Brands can benefit from the flexibility to pay that back as they receive cash from their sales. Kickfurther is the world’s first online inventory financing platform that enables companies to access funds they are unable to acquire through traditional sources. Kickfurther has 800+ opportunities funded totaling $80mm+ and a 99% funding success rate. 

At Kickfurther, you can apply for fragrance inventory funding in 4 easy steps:

#1. Create your online account

Input business information and upload documentation to get started.

#2. Get funded within minutes to hours

Once approved, our community can fund you within minutes to hours.

#3. Control your payment schedule

Kickfurther pays your manufacturer for inventory. 

#4. Complete and repeat

Once you’ve reached your goal, you can repeat the funding process.

Create an online account today and get affordable inventory funding!

How does Fragrance Business Financing Work?

Connect with consumers across the United States to get your
inventory funded via our marketplace

Create your online account

Create a business account, upload your business information, and launch your deal

Get funded within minutes to hours

Once approved, our community funds most deals within a day, often within minutes to hours, so you’ll never miss another growth opportunity.

Control your payment schedule

We pay your manufacturer to produce inventory. Make the introduction and you’re off and running! Outline your expected sales periods for customized payment terms. At the end of each sales period, submit sales reports and pay consignment profit to backers for each item sold.

Complete and repeat!

Complete your payment schedule and you’re done! Often once the community knows you, you’re likely to get lower rates on your next raise.

Other Industries

We fund inventory for direct-to-

consumer & major store brands

Where you’ve seen us

FAQs

How does inventory financing with Kickfurther work?

Brands access funding for new inventory (or can get reimbursed for recently produced goods) from marketplace participants. The marketplace allows brands to access private funding at costs that improve can improve with each use. Your funding goes directly to your manufacturer for production of goods and you makes no payments until you receive and begin selling new inventory

How can I create a new Kickfurther co-op?

Launching a project involves 3 key steps:
○ Create a basic profile including information about your business and product line. Once you’ve done this you can go live with an “upcoming Co-Op” profile that users can choose to follow to hear when your Co-Op launches.
○ Determine your Co-Op structure using the Kickfurther calculator to determine costs, earnings, and timeline.
○ Verify your Credibility Metrics with the Kickfurther team and finalize your Co-Op profile.

How fast will I get funded?

Once approved and the deal goes live, most deals fund within a day (often within minutes to hours), so you’ll never miss another growth opportunity

Does Kickfurther fund all deals?

Your business must be compliant with State and Federal regulations and have an established track record of sales. Kickfurther is for inventory financing so you must have a physical product. Finally, all businesses are subject to approval by the Kickfurther quality team