You’ve Outgrown Your Commercial Property – Now What?

Most entrepreneurs launch their enterprises with visions of future growth. However, executives often don’t have a tactical plan of how they’ll accommodate the increase in employees, capital assets, and internal infrastructure when their operations do begin to expand. As your organization gains market share and industry momentum, you may eventually find that your current office space isn’t sufficient to support your scaling business needs, forcing you and your leadership team to discuss and analyze your commercial property options.

Consider All Scenarios to Best Support Your Growing Enterprises

Of course, as with all corporate ventures, it’s vital to carefully weigh various office space scenarios from a strategic and financial perspective to make the best decision for both your business and your bottom-line. If things are beginning to feel a little cramped at work, you may want to consider:

Reconfiguring your Commercial Property Floor Plan

A good credit score even helps entrepreneurs maintain their competitive edge, allowing them to pass the interest savings directly onto consumers for better-priced products and services. Most importantly, developing a positive credit history grants you access to the capital you need run, and scale your operations when you need it.

Adding on to Your Facility

If you find that your current commercial property footprint simply isn’t going to cut it, you may want to consider an addition to your facility. Expanding your existing building allows you to limit any disruption to your business operations as well as avoid a potentially complicated corporate move. You’ll want to work with a professional commercial property contractor to understand what your options are based on zoning in your district, what permits you’ll need, and how to best align your strategic goals with the functional utility of the new space.

 

Purchasing a New Commercial Property

If renovating or adding on to your facility won’t offer the long-term support you need for your expanding company, you may want to purchase a new commercial property. Working with a professional commercial real estate firm can help expedite the deal to minimize total operational downtime and ensure you find a building best suited to grow and scale with your organization in the future.

 

Partner With an Experienced Financial Lender

No matter how you decide to solve your office space problem, it’s critical to consult with an experienced commercial lending firm before moving forward. A qualified and innovative team of financial advisors will offer a diverse range of loan products that can be customized to suit your specific corporate needs and best protect your business interests. 

Are your operations outgrowing your current office space? Avid Commercial can help. Contact us today to learn more about our loan solutions and how we can help support your expanding company

 

 

Let Avid Commercial Help Build Your Business

Avid Commercial’s team of financial professionals develops customized lending solutions that help business owners optimize market impact. Contact us today to hear more.

Applying For a Business Loan? Avid Commercial Can Accelerate Your Company’s Access To Capital

Successfully running your business means having access to the cash reserves you need when you need them. Unfortunately, working with banks and traditional lenders can mean a long, drawn-out approval process. As a result, entrepreneurs across every industry often find...

Long-Term Loan Savings: What a .5% Interest Rate Decrease Could Save on the Life of Your Loan

Since 2015, U.S. interest rates have consistently increased, testing how (and if) the nation's economy could successful absorb each incremental raise. Apparently, we've officially reached our economic threshold; on July 31, 2019, the Federal Reserve cut America's...

You’ve Outgrown Your Commercial Property – Now What?

Most entrepreneurs launch their enterprises with visions of future growth. However, executives often don't have a tactical plan of how they'll accommodate the increase in employees, capital assets, and internal infrastructure when their operations do begin to expand....

Seven Best Practices to Build Your Business Credit

Establishing business credit can play a critical role in the health and longevity of your company. Some small- to mid-sized business owners assume that they can leverage their existing personal credit to make purchases for their organization. However, having a...

Borrowing Strategies To Fuel Your Corporate Operations

For business owners in every industry, securing funding right now can be tough. The financial challenges go beyond the current unpredictability of our economy and lukewarm market temperatures. Right now, many entrepreneurs are also struggling to navigate through...

Four Ways To Create A Dynamic Company Culture This Summer

Your company's corporate culture matters. A positive internal culture serves as a foundational cornerstone for an organization, setting the tone for employee morale, engagement, and productivity. Striking the right cultural chord with your staff may even impact your...

Power Fast Access to Capital with a SBA 7A Loan

Need to infuse your business with an influx of capital without pursuing a restrictive conventional bank loan? For many small businesses, an SBA 7A loan delivers an ideal corporate funding solution. Long-term, low-rate, and government approved, the SBA 7A program...

Leveraging The Benefits Of A Conventional Loan For Your Business

Many entrepreneurs assume that the most critical time for a business loan is when first launching their companies. However, small business owners may need fast access to funding for a myriad of reasons that extend far beyond startup expenses. Growing the team,...

2018 by the Numbers

The commercial financing vertical experienced a banner year in 2018, with several key forces driving a perfect investment landscape for business owners across multiple industries. A robust U.S. economy, coupled with the strongest global economy of the last decade,...

Owner Occupied Refinancing for $1,800,000 with Avid Commercial

Avid Commercial announces a $1.8 Million owner occupied refinancing loan for a business located in Utah. This owner occupied refinancing was completed by Avid Commercial at a rate of %4.875 for a 5 year fixed term. The refinancing for this loan quickly and...