Small Business Owner Opens Hardware Store to Fill Void in Community

 

Julie Chin use to travel a long distance from her quiet San Francisco, California, neighborhood to a Home Depot for basic hardware supplies.  Chin, like many of her neighbors felt inconvenienced by the commute, and she knew a solution to this problem was opening a neighborhood hardware store.  After visiting several spaces and talking to property managers, she found the ideal space and signed a five-year lease.  Chin opened Win Long Ocean Hardware, which carries an array of tools and supplies.  The store has garnered tremendous support from patrons in the community who are pleased to have a shop adjacent to their home for hardware needs.  Chin currently runs the store alone, but is in the process of hiring additional staff.

With over 20,000 hardware stores in the United States, the industry is projected to amass $20 billion in revenue over the next couple of years.  For larger hardware chains this is good news since their stores will continue to thrive in this constantly growing market.  However, for smaller hardware shops, surviving in this space can be problematic if the company isn’t making the kind of money desired because of a lack of extra capital for growth. If you’re a small business hardware store owner in this situation, look no further than Silver Rock Funding.  Silver Rock Funding has a simple application process that one of its many lending experts can walk you through.  Since most applications are approved within 72 hours, you can get a merchant cash advance of up to $500,000 helping your hardware shop build a strong foundation for success.