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How to Stock Your New Retail Store with Inventory Financing

May 13, 2021 | Published by Faire

Running a retail business is hard. Starting a retail business can be even harder. At Faire, we’re here to support entrepreneurs on every step of the journey. 

That’s why we’re excited to introduce Open with Faire, a unique program for new independent retail businesses, created to help you get all the inventory you need to open. When you apply for Open with Faire, you have an opportunity to receive up to $20,000 in inventory financing along with educational resources to help you open your store. Plus, Open with Faire is completely free. We never charge interest or application fees.

It can be challenging to secure the essential capital needed to finance your shop’s inventory. We’re committed to leveling the playing field and making it easier for entrepreneurs to successfully open new retail stores. We piloted the Open with Faire program by offering roughly $10 million in credit terms to new retail businesses. Now, we look forward to growing our community of retailers as we expand the program.  

Read on to learn about how inventory financing can make a difference in your retail business.


Open with Faire was extremely valuable for me. I don’t think I would have been able to get even half of the selection for my general store without the high net 60 terms. A wide selection of high-quality products really helped me establish credibility from day one. 

Josh Blancas, The Ground Floor

How do payment terms work?

Purchasing with payment terms is a bit like buying on credit or with financing. At Faire, we offer net 60 payment terms, which means you can stock up now and pay 60 days later. Importantly, net terms don’t carry interest fees. Here’s how it works:

  • Apply for terms. Let us know how much you’ll need to stock up for your opening, and we’ll issue you anywhere from $5,000 to $20,000 in net 60 payment terms.
  • Purchase inventory using your terms. You won’t pay anything on the day you place your orders, and Faire brands will start working to fulfill your orders right away. 
  • Sell new products before you pay. Start selling through your new inventory and pay 60 days later.

I opened my second location in under six weeks. Having that credit line, along with thousands of brands to shop all in one place, really helped us get off the ground! 

Janel Anderson, Stitch + Sparrow

Why do I need payment terms to open my store?

It’s essential to have a thoughtful assortment of curated products the very first day you’re open. A fully stocked store builds credibility with your customers from the start. 

Inventory can make up over 50% of your opening costs, and cash flow is often the most challenging problem that new business owners face. Payment terms enable retailers to stock up, even without cash on hand.

That’s why we’re committed to providing new store owners with net 60 terms to use to purchase inventory. You can buy from 15,000 high-quality brands on the Faire marketplace and pay 60 days later after you’ve sold through the products. 

We’re offering Open with Faire to help level the playing field, so you can buy inventory with confidence and hold onto your cash for other expenses, like rent or payroll. 


High net terms through the Open with Faire program were invaluable for us. Our store opening got delayed by several months due to permitting issues, and as such we had to tap into our funds reserved for products to pay for rent and construction. We were on the verge of losing everything. Only thanks to high limits through Open with Faire, we were able to fully stock up our store and open the store. 

Jeanette Florez, Cherry Block Butcher

What else should I know when starting my business?

We strive to be a partner to you as you open your new retail business. Our educational resources are designed to help guide you through this process. We’ve created a step-by-step playbook with everything you need to know about opening a retail store. You can also read about ways to secure financing for your business. Hint: Open with Faire is a great way to receive financing!

To apply for up to $20,000 in financing through Open with Faire, visit faire.com/open-with-faire. Have more questions about the program? Sign up to chat with a Faire team member here.

New to Faire? Click here to learn more.

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