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Adam Torkildson
Adam Torkildson
I am a marketer with a passion for online lead generation for all categories of business. Loans, marketing, seo, internet, etc.
 

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Commercial Renovation loan

Feb. 10, 2012 11:47 am
Categories: News

Do you need to renovate your building? Is your franchisor requiring you to update your location? Do you have some immediate repairs that are needed? If so, you are a prime candidate for a commercial renovation loan. There are a few ways you can put a loan like this together. It really depends on what your business has to offer a lender.

Traditionally lenders will refinance any mortgage that may be present on your business property and release some cash from the property to you for the improvements. This strategy will work if you have equity in your building. If you don't you will need to pursue other options.

Some business are able to access cash from more efficient business operations. Cash flow is king in any business. If you have excess cash flow or the ability to create excess cash flow through trade terms, you may be able to unlock some money for renovations here.

 
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