Use Case: Renovation
Upgrade the space without draining the account.
A dated facility costs customers, efficiency and sometimes compliance. Much of a renovation is new equipment, fixtures and systems, and that part can often be financed against its own value. We work with 40+ Canadian lenders and financing partners to get you a fast answer.
The Need
A renovation is an investment that pays back slowly.
A new dining room, an upgraded clinic, a reconfigured shop floor or a modern yard all improve how the business runs. The payback comes over years, but contractors want paying now.
Leasehold improvements are hard to finance on their own because they cannot be resold. Financing the equipment and fixtures within the project separately usually makes the rest easier to fund, and owned equipment elsewhere in the business may add another option.
Build a Plan
Before you apply.
Separate equipment from construction
New equipment and fixtures can be financed against their own value. The construction portion is then smaller and easier to fund.
Look at equipment you already own
Owned equipment elsewhere in the business can support the parts of the project that have no resale value.
Plan around downtime
Budget for lost revenue while work is underway and make sure payments do not begin before the space reopens.
Financing Routes
Ways to fund it.
The best route depends on what the business owns and what it is owed.
Equipment Financing
Finance the new equipment, fixtures and systems that are part of the renovation.
Learn about Equipment FinancingEquipment Refinance
Owned equipment may support refinancing to cover construction and design costs.
Learn about Equipment RefinanceSale-Leaseback
Sell owned equipment to a financing partner and lease it back to fund the project.
Learn about Sale-LeasebackAR & Invoice Factoring
Keep cash flowing from receivables while capital is committed to the renovation.
Learn about AR & Invoice FactoringHow It Works
Three steps to a decision.
Tell us about the business
What you are buying or already own, what you are owed and what the financing is for. A short call or the online form is enough to start.
We match the structure
We review the assets and the need, then take the file to the lenders and financing partners best suited to it.
Compare and decide
You see the amount, term and payment for each option with the trade-offs written out. Nothing moves until you choose.
What to prepare
What lenders review.
A complete file moves faster. Here is what usually helps:
- Contractor quotes and project budget
- Equipment and fixture quotes
- Lease or property details
- Recent bank statements
- List of owned equipment
- Year-end financial statements if available
Questions.
Sometimes, usually as part of a package with the equipment and fixtures being installed.
Some lenders offer deferred first payments. It depends on the structure and the file.
No. Most of our clients lease. The financing is tied to equipment, not real estate.
Restaurants, clinics, shops and plants are common, but any business with equipment or receivables can use these structures.
Next Step
Let's see if we can help!
A short conversation is usually enough to tell you which financing options fit and what they could look like.