It’s time to do some work on the shop, and that means it’s time for project financing.
With the day-to-day demands of running a business, it can be easy to let your store fall into a little bit of disrepair. We’re not talking shutters hanging off, rats gnawing on wires and a door that creaks like it’s from a Vincent Price movie. It’s inevitable that everything won’t be shiny and new after a few years, though.
The problem is that these projects are inevitably expensive and time-consuming. You may even have to briefly close down portions of your shop, or even the entire thing if you’re really ripping up the floorboards.
If you need to do a lot of work and it’s going to take a lot of time, it shouldn’t have to cost you an enormous amount of money out of your pocket. If you’re willing and able to finance that work, you can save money and take that particular concern off your plate and concentrate on the work itself. That’s not a bad deal.
Financing Office Projects
- Financing can take care of the necessary supplies and labor. If you’re not keen to make improvements to the shop yourself or simply don’t have time, money’s going to be what gets you that brand new lobby. Don’t underestimate its versatility.
- Project financing can allow you to pay for the costs associated with your next big project up front, but you don’t have to pay up front. That means you can settle it over the course of a year, which as always is a huge advantage with financing.
- If you’re going to have cash flow issues during the project, a working capital loan* can help you fill in the gaps.
If you need more information on project financing at Direct Capital, you can give us a call any time. In the meantime, tell us a little bit more about your last and/or next big project!
Photo credit to iStock
*Working capital not available in the following states: AK, DE, ND, VT