Grocery/Deli
Independent grocers as well as bodega and deli owners provide a special combination of personalized service and hard-to-find items, such as ethnic and gourmet foods, organic and locally grown produce, fresh meat and fish, and imported goods. You also face unique challenges in a highly competitive industry, such as encroachment of mass merchandisers and supermarket chains, less flexibility to compete on price and volume, perishable inventory, personal and corporate accounts. It can be a challenging balancing act.
What happens when a freezer breaks down and your corporate account receivables are still 30 days out? The finance solution might be a loan packaged with a deferred payment. With years of experience in the market, Eastern understands what you’re up against. We can deliver financing solutions designed for independent grocery retailers like you.