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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.
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