Line of Credit
The Issue at Hand
Every year, this HVAC company was experiencing growth. This was a good thing, but it led to the need to make a decision. The current building the company was in was quickly becoming crowded and more growth would only exacerbate the issue. However, a fantastic building was discovered that would end those problems and leave plenty of space to grow in the future. Of course, the owner would need to find financing to get the building. In addition, there was only a short window to get this facility that would be perfect for the company’s needs.
Doing the Math
After checking out the building to be sure it would work, there was a need to consider how to finance it. Since the clock was ticking, this needed to be done quickly. It would cost just over $2 million to get the building desired and there simply was no way to pay cash for it. Financing was going to be needed. It seemed well worth it since the building was much larger than the current facility. It would not only be great for the present but also for future growth.