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Loans for Gun Dealers & Gun Shops

The gun industry is flourishing. There are more gun dealers and gun shops than ever before. This is great for the economy and the general public, but not so good for the banks that fund these businesses.


The firearm industry has been on a tear in recent years, with a record number of guns being manufactured in 2017. The U.S. government estimates that there are about 12 million federally licensed firearms dealers (FFLs) in America and roughly 2 million gun shops across the country - many of which are family-owned small businesses that have been around for generations and provide jobs to dozens of people in their community.




Gun dealers are required to have a license, which is issued by the ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives). Gun shops have to have a license too but they can also sell ammunition, fishing tackle, archery equipment, air guns or knives. Gun stores often sell all types of firearms. They also offer hunting supplies such as rifles or shotguns. They offer firearm safety courses that teach people how to shoot guns safely.


Gun dealers and gun shops are not eligible for traditional loans because banks and lenders see them as high-risk businesses. Loans for gun shops can be a hard to acquire thing, but the good new is there are options for loans for gun dealers.


Many Gun dealers and gun shops usually have a low credit rating, so they may not be able to get loans from banks or other financial institutions. However, there are some lenders that offer loans for these types of businesses, Coastal Capital Solutions is one that does. The owner himself used to be a gun dealer and is a USMC veteran, so he is familiar with the issues gun dealers and gun shops face when it comes to getting any kind of financing

Some lenders offer loans for this type of business. These gun dealer loans can be in the form of cash advances, lines of credit, or business loan programs.


If your gun shop is in need of a loan to buy inventory, expansion, or just need operating capital, then contact Coastal Capital Solutions online or via phone at 727-362-4111 and we'll be happy to help.

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