Distribution Melinda
Buy commercial real estate to expand your business
BDC really took care of me! I got my commercial real estate financing promptly, exactly when I needed it!
Linda Ménard
Owner
Sole proprietor has run her business for more than three decades
About the company
Office supplies distributor
Location: Prévost, Quebec
Industry: Office Supplies and Stationery
Entrepreneur challenge
The owner operated her business from her home. However, her insurance company could no longer provide coverage because she was storing inventory on the premises. She had already accepted an offer to purchase a new commercial condo and needed to get approved for financing quickly.
BDC expertise
BDC provided commercial real estate financing with advantageous terms and conditions, including principal payment postponement.
Results
- Met a tight financing deadline
- Enabled her to reinsure her home
- Protected vital cash flow with financing
- Increased space to accommodate more inventory
- Well-positioned for further growtht