Merchant Cash Advance
The Realization That Sparked Action
As the business grew, the owner began to think about how to improve things. He knew there were things he wanted to introduce at the office, such as a better break room and meeting rooms. He also wanted to update the building itself, as it was a bit dated. Having a more modern look would improve the reputation of the company among its clients.
Costs Associated with the Needed Changes
Before progressing further, he needed to ascertain the plan’s feasibility. To gather insights, he consulted with contacts from other local businesses. His initial task was to establish a budget for the project, and after considering his options, he settled on $300,000.
The next significant question revolved around how he could finance these improvements in a manner that guaranteed success. He was eager to implement these enhancements in his company but was also cautious about entering the process with excessive risk.