What's the best way to finance a self-storage facility?
- May 17, 2022
- 1 min read
By Ed Clement
Self-storage requires less initial capital.
Self-storage is one of the easiest forms of real estate investment to get started in. That’s partly due to the fact that self-storage units typically require much less initial capital than other options.
When it comes to conventional business loans, you may be able to get a down payment for a self-storage facility for as low as 25% to 30%. Small Business Association loans can get you an even better deal, with down payments reaching as low as 10%-15%.
So, if you don’t have a large sum of money to work with, investing in self-storage is one of the best ways you can watch the capital that you do have to grow quickly–especially thanks to the incredibly high success rate of self-storage 92%.
The Storage Authority team is excited to guide you on your journey to becoming self-storage owners.
Contact me today for additional information and see if self-storage is Your Vehicle to Wealth.
ed@storageauthority.com
https://lnkd.in/dwp_db52
Ed Clement is a franchise director at Storage Authority. One of his passions and responsibilities is helping franchisees find land by sharing how to find land both online and offline. Ed has a strong background in real estate, investment banking and management consulting. He is available at Ed@StorageAuthority.com or 727 946 0745 to answer your questions and share the Storage Authority Franchise opportunity and advantages with you.
For banking issues, I would always approach support with the exact transaction details rather than simply saying that something looks wrong. The date, amount, reference number, and relevant statement can help the representative locate the issue quickly, while written records are useful if the matter needs escalation. Sensitive information should of course only be shared through secure channels. I’d check Sound Community Bank customer service number beforehand to compare customer experiences and prepare the right questions.