A build-out spends money in a long sequence, and revenue starts only after the last inspection. Here is the order in which the cash leaves, so you can size the request to the whole project.
Apply Now →The mistake that sinks projects is budgeting steps one through four and leaving nothing for step five.
If you lease the space, the lease is usually running before you open, so every week of delay carries rent with no sales to offset it. In New York City, owners often plan around the fact that commercial corridors, including the business improvement districts that the city counts at 78 across roughly 320 miles of commercial streets, bring foot traffic only once doors are actually open. Elsewhere in the state, a renovation of an existing space may be shorter, but a busy season can still be missed if it runs late.
| Line | Illustrative amount | Note |
|---|---|---|
| Construction and trades | $90,000 | Base estimate |
| Fixtures and equipment | $35,000 | Often priced separately |
| Rent and utilities during work | $12,000 | Two months with no revenue |
| Reserve for overruns | $15,000 | A cushion, not a hope |
| Opening inventory and staff | $20,000 | Needed the first week |
| Total | $172,000 |
The numbers above are invented round figures for illustration only. They are not our terms, a typical project or a typical funding amount.
Commercial renovations of restaurants, salons, clinics, shops, studios and offices, where the business exists or is about to and the space is being improved. This page is not about residential remodeling contracting, and it does not promise funding for any particular project.
Ask your landlord whether any rent abatement applies during construction and when rent begins. Ask your contractor which payments are due before work starts and what is likely to change the price. Written answers go straight into your cash plan, and they are cheaper than discovering the answers later.
We fund $25,000 to $5,000,000, funded in as little as 24 hours. FICO 500+ is considered. We typically review about three months of business bank statements and do not require tax returns. The credit pull is soft, the application takes about five minutes, and sole proprietors can apply. The application page is the way to start.
Planning the full budget before work starts is usually safer, since deposits are due early.
Describe the intended use in your application. Working capital is often used for the costs that surround a project.
Sole proprietors can apply.
We typically review about three months of business bank statements. Plans are not part of the basic requirements listed here.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
