In the grocery logistics sector, businesses often need to invest in high-density storage solutions like Automated Storage and Retrieval Systems to maximize warehouse space. However, such investments can be costly, and that’s where business loans or asset finance can help. NexGen Business Finance offers various financing options to help businesses fund expensive warehouse technology while spreading the cost over time. For more information, contact us today.
Financing Options for High-Density Storage
Businesses can explore financing options to fund high-density storage solutions:
- Unsecured Business Loans: These loans, available from NexGen Business Finance, provide funding from £5,000 to £500,000 with repayment periods from 1 month to 7 years and interest rates starting from 6%. They are ideal for businesses without collateral.
- Asset Finance: This option allows businesses to fund expensive warehouse technology while spreading the cost over time. Asset finance is particularly useful for acquiring storage systems like ASRS.
- Merchant Cash Advance: For businesses with fluctuating sales, this option provides funding based on future credit and debit card sales, offering flexibility during market uncertainty.
- Invoice Finance: This unlocks cash tied up in unpaid invoices, providing up to 90% of the invoice value within 24 hours, helping businesses manage cash flow during transitions to new storage systems.
The choice of financing depends on your business’s specific needs and financial situation. NexGen Business Finance can help you find the right solution by connecting you with over 95 lenders.
Benefits of High-Density Storage in Grocery Logistics
Grocery logistics businesses face unique challenges, such as storing perishable goods and meeting consumer demand for fast delivery. High-density storage solutions address these by:
- Maximizing vertical space with systems like ASRS and automated cube storage.
- Reducing labor costs through automation, such as AI-driven robots for palletizing.
- Improving energy efficiency, especially in refrigerated warehouses.
- Enabling 24/7 productivity with automated systems.
These benefits make high-density storage a strategic investment for businesses looking to stay competitive in the grocery sector.
Getting Started with Financing and Storage Solutions
To implement high-density storage, businesses should:
- Conduct a warehouse audit to identify space optimization opportunities.
- Explore financing options like business loans or asset finance to fund the investment.
- Partner with experts like NexGen Business Finance to secure the right financing.
- Invest in warehouse management software (WMS) to streamline operations and maximize storage benefits.
By combining innovative storage solutions with flexible financing, businesses can transform their warehouse operations and drive growth.
Conclusion
Maximizing warehouse space with high-density storage solutions is essential for grocery logistics businesses. However, the cost of implementation can be a barrier. Fortunately, financing options like business loans and asset finance from NexGen Business Finance can make these solutions accessible. By investing in high-density storage and securing the right financing, businesses can optimize their operations, reduce costs, and meet the demands of a competitive market.