Retail Excellence have recently launched a new financial product for retailers with their partner company Grid Finance, which could provide up to €20 million in funding to it's members.
In a statement, the retail representative body explained that the GRID Cash Advance product has 'a proven track record of helping retailers grow their business by financing expansion projects and managing their working capital'.
“Given the recent inclement weather many businesses are out of pocket as a consequence of having to scale back operations for a number of days and this product will be of huge assistance to get retailers through this time,” said Lorraine Higgins, deputy CEO of Retail Excellence.
“We endeavor to constantly bring new and innovative solutions to our Members and those with a retail focus are of particular interest to us.”
Small Business Finance
Grid Finance is Irish owned and backed by Enterprise Ireland and is a provider of small business finance.
Derek Butler, CEO of Grid Finance, said: “The retail industry has unique characteristics that require finance products that make sense for them. GRID Finance recognise this and have built finance products with retail business in mind.”
© 2018 - Checkout Magazine by Donna Ahern