NEED:
Finance a franchisor-mandated store remodel including furniture, fixtures, equipment, and a point-of-sale system update. The financing required a demanding timeline as well as coordination with many different vendors.
SOLUTION:
VFI approved $6.75 million in financing structured with front-end skip payments leading into step up payments to preserve cash flow.
BENEFITS:
- Lowered payments to improve cash flow early in the financing
- Lease line of credit to fund multiple vendors
- Soft costs and leasehold improvements were included in the financing
