Commercial Real Estate Financing
The Need to Fund a Larger Catalog
Everyone wants to see their business grow. It’s something that shows a business owner is doing something right. This applied to the furniture store just as much as it would to any other type of company. Growth continued for the store over a long period, until it was clear that moving forward with new products was the best option.
Along with that, the store would need to be remodeled to make it spacious and allow room for the newly introduced products. However, as a business that gets most of its money doing seasonal business, the owners knew it might be hard to secure a traditional loan.
How Much Financing Is Enough?
To renovate the building and add new stock, there was no choice other than to find financing. It was important to the owners that the method be flexible and affordable without extreme interest rates.
After doing the research, it was clear that the store would need $500,000 to get the process done. This would be a great way to ensure it could keep scaling and growing if the influx of customers continued. With numbers in hand, it was time to consider financing options.