Leasehold improvement financing just what you need for start up or expansion
Leasehold improvement financing can be simply defined as all alterations, renovations, and repairs to leased facilities that increase the value of the property, make it more useful, or lengthen its life. Leasehold improvements are often considered a necessary component for an efficient business operation. There is a wide variety of leasehold improvements that can be performed.
Start-up funding is usually used for exterior and/or interior renovation to accommodate a business move-in.
Expansion funding needs are usually, but not neccessarily limited to when your business is growing and it’s time to expand your operations.
A common term for a leasehold improvement loan is 5 to 7 years, depending on the improvements. In addition, interest rates are usually fixed and depend entirely on current market factors and the overall risk of the business and/or project.