Renovating commercial premises: how is it financed?
Work on commercial premises is presented as a working-capital need, sized on your deposits; the equipment that goes in is presented separately. The lender sets the amount and its cost, in its written offer.
Choose my amountThe answers
- Can the renovation of commercial premises be financed?
- Yes, the need can be presented as working capital, sized on your deposits. The lender decides and sets the amount in its written offer.
- I am a tenant: is that an obstacle?
- Not in itself: the premises are not part of the file, and no real-estate collateral is required. The lender may ask for a personal guarantee or security on business assets.
- Are equipment and furniture financed with the work?
- They are presented separately, as equipment financing, from the supplier’s quote. The equipment itself usually serves as security.
- Is the contractor’s quote needed?
- It helps describe the need, like any document that puts a figure on the work. The lender reads first what the business takes in, and decides.
- The premises will be closed during the work: what does the lender read?
- A closure shows in the deposits; you can mention it in your application. The lender reads the whole period.
What the lender looks at
- Actual deposits, month by month
- The lender sizes the work against what the business already takes in.
- Trend over the period
- Revenue that holds supports work that only pays back later.
- Days in overdraft
- A frequent overdraft leaves little room to pay for the work.
- Payments to other lenders
- Equipment financing already running counts as a commitment.
$0 upfront · 7% only if funded
An intermediary, not a lender.
The lender sets the final amount and its cost in its written offer.
Choose my amount