When you may need to upgrade your business property

Not every property is suitable for a company’s needs, especially during periods of expansion. There are times when an upgrade is essential to ensure your premises continue to help you grow your business.

There are many scenarios when a property refurbishment makes good business sense. These include:

• General wear and tear have left your property looking tired – off-putting for customers and bad for staff morale.
• You need your premises to look better to align with your desired brand perception.
• You need to expand or redesign existing space to meet the demands of business growth.

Benefits of refurbishing your business property

Refurbishing a business property not only increases its market worth but also improves the working environment for employees.

This is critical for business performance, and you can enhance design and layout to optimise space and improve work and traffic flow. Smart, welcoming premises also make a good impression on customers or visiting clients.

A property refurb can be more cost effective than moving to new premises, particularly if you’re already in an ideal location for your business.

And upgrading your property presents the opportunity to increase energy efficiency – critical in times of soaring electricity and gas prices.

Considerations in a business property refurbishment

Commercial property refurbishment or development is generally a bigger job than residential renovation.

There are many aspects to consider, such as planning permission, health and safety regulations and building codes, design, and construction supplies and labour.

Costs can quickly escalate, with several parties – including builders, architects, engineers and solicitors – all requiring payment on varying timescales.

A refurbishment loan brokered by V4B Business Finance smooths your business cash flow during the project by allowing you to spread the cost over time.

V4B Business Finance refurbishment loan services

Business property refurbishment is a major undertaking, and financing it can be tricky. You may find that high-street lenders are reluctant to help.

V4B Business Finance, on the other hand, welcomes applications for commercial property refurb financing.

We can provide a full breakdown of costs throughout your refurbishment project and do all the legwork involved in putting together a custom financing package.

We facilitate fixed-rate, unsecured refurbishment funding with terms from three to 60 months, at highly competitive rates.

You’ll get a fast decision on your loan application and the money you need can be in place within 24 hours, allowing you to take immediate action on your refurbishment project.

Call us on 01978 668 939 or email enquiries@businessfinance-v4b.com or check your eligibility for a business property refurbishment loan online now.