How MJ Highway used Lendica's PayLater to expand margins and smooth cashflow
As the owner of two liquor stores, I'm always looking for ways to compete with the larger retailers. PayLater was the answer.
MJ Highway Bottleshop, along with its sister location KJ Liquor Stores, is a family owned liquor store based in Tulsa, OK. Jacob, the business owner, was seeking a better solution to help expand his customer demographics and generate higher more margins per order.
Lendica was able to instantly approve MJ Highway for a $75k credit line that scaled with their success - Jacob's total line is now $115k. Lendica's PayLater helped MJ Highway take advantage of strategic buying on deep downs and expand the product selection to offer more expensive products. With Lendica's help, MJ Highway opened up to a larger audience by carrying more premium products that could be delivered with Drizly &DoorDash - taking advantage of volume discounting with PayLater.
Ability to order expensive bottles and cases outside the typical weekly budget.
Allowed Jacob to take advantage of deep downs and volume discounts using his $115k credit line.
PayLater's smart payback helps manage cash flow between busy and slow seasons.
Lendica's system is easy to use, find reporting, and get in touch with support for quick questions.
