Warehouse Facility Finance
Contact Us
Many companies and businesses find themselves in the same situation: they have many items and inventory to sell, but they are unable to finance other projects and needs with them. As a result, the inventory is left to be a nuisance more than help unless they find options like warehouse facility finance.
Most loans and credits that allow companies to access funds are provided if the business is able to offer collateral in the process, either if the collateral is an asset or a property that will be purchased with the funds.
But what happens if you are unable to provide it or if you lack the money to dive into a loan and make sure you are able to repay it? This is when the inventory or items you have can be useful if you are one of those companies in the situation we described in the beginning.
Warehouse facility finance is a type of loan that allows you to request funds from a lender to finance the acquisition of storage—warehouse—or other commercial properties and facilities for the future of your company, all this while using the inventory stored as collateral. Other commercial loans will not allow you to use inventory or several items to finance a loan since the goal is to provide an asset or two that can cover the sum of money requested, which is what allows lenders to work with the usual system: provide the funds, set several quotes for repayment, or retrieve the collateral.
However, warehouse facility finance brings more flexibility since the lender will work with another process:
- Provide the funds if it approves the loan.
- Establish quotes and monthly repayments.
- If you are unable to pay one or two quotes, the lender will retrieve part of the inventory you are using as collateral which should be the total of the payments you have missed.
To make it simple, the lender will not wait until the entire loan term is over but rather take collateral from your storage in order to finance the payments you miss if necessary.
What can you finance with warehouse facility finance?
Essentially, a facility, warehouse, or commercial property. However, everything depends on the lender you are choosing or who is providing the loan. At Commercial Real Estate Loan Pros of Tallahassee, we are able to finance several projects and acquisitions with this funding option depending on the value of the items and inventory you are offering as collateral.
Therefore, you have more freedom to finance certain expenses or go for new projects with the funds we provide through warehouse facility finance. However, make sure you let us know the use you will give it when applying for it. in this way, our team can evaluate the request properly and offer a different loan if we are unable to approve the one you are trying to get from us.
Our company Commercial Real Estate Loan Pros of Tallahassee always does its best to establish fair conditions and terms, which is why you do not have to worry about accepting a loan that does not benefit you at all.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.