Structube
When you reach a certain size, it doesn’t make sense to lease. BDC was able to provide financing covering 100% of project costs—their financing is more flexible than traditional banks.
Eric Knafo
President
Over 5 million happy customers
About the company
Offers an impressive assortment of modern furniture and accessories at the lowest possible prices.
Location: Laval, Quebec
Industry: Retail
Entrepreneur challenge
With the opening of its mega stores and significant growth on the horizon, the company was making a shift from leasing premises to ownership. As well, the firm wanted to diversify its sources of financing in order to take full advantage of different options offered by financial institutions.
BDC expertise
BDC’s corporate financing experts provided commercial real estate financing for 100% of project costs, as well as favourable terms and conditions, including disbursement and a longer amortization period.
Results
- 100% financing to protect cash flow
- Acquired financing with quick turnaround
- Diversified financing sources
- Achieved healthy revenues during the pandemic