Define the scope
Distinguish building work, fixtures, movable equipment and operating expenses. Confirm the property and lease conditions relevant to the project with the appropriate advisers.
BUSINESS USE CASE · CANADA & USA
Renovate Your Business Space
Plan the work, the equipment and the operating cash needed while the space changes.
Apply for financing
Start with the business need.
A commercial renovation can involve construction, fixtures, equipment and temporary disruption to trading. Separate those costs before comparing financing. The project budget should reflect contractor milestones and the cash needed if work takes longer or the business operates at reduced capacity.
Build a practical plan.
Build a milestone budget
Use contractor and supplier quotes to identify deposits, progress payments and completion costs. Include project-specific contingencies.
Plan for disruption
Estimate reduced revenue, temporary premises, storage or reopening costs where applicable. Test the effect of delays on the repayment plan.
Financing routes to explore.
Business Financing
Explore financing for an eligible business improvement project, with the use of funds and proposed work clearly described.
Explore business financing →Equipment Financing
Separate commercial equipment purchases from construction costs and compare loans with leasing where appropriate.
Explore equipment financing →Working Capital Financing
Discuss operating cash requirements during the project separately from longer-lived improvements.
Explore working capital financing →What to prepare.
Scope and quotations
Bring itemized contractor quotes, equipment quotes, schedule and payment milestones.
Property and approvals
Provide relevant ownership or lease information and the project approvals requested for review. Financing does not replace permits or other required consent.
Business forecast
Include current performance, projected downtime, reopening assumptions and existing obligations.
Additional documents may be requested based on the business, location and proposed transaction.
Location matters.
Mehmi serves businesses in Canada and eligible U.S. markets. Share the country, province or state, business registration and transaction currency. Availability and requirements vary; a product offered in one location is not automatically available in another.
U.S. business financing →Questions about this use case.
Can equipment and renovations use the same financing?
Possibly, but eligible costs and structures vary. Itemize both parts and review whether separate arrangements are more suitable.
Can I renovate leased premises?
The lease, required consents and project terms matter. Confirm these with the property owner and relevant advisers before committing.
What if the project exceeds budget?
Additional financing is not automatic. Review the scope, contingency and ability to meet existing obligations before agreeing to extra work.
Tell us what you are planning.
Share the business location, purpose, amount requested and the information you have prepared.
Apply for financingFinancing is subject to application review and approval. Availability, costs, terms and documentation requirements vary by product, business and location. This page provides general information and is not a financing offer.