The Flag Store
I was a little nervous at first about investing in commercial real estate. But BDC made it so easy to jump in with both feet and get the financing we needed to make our project work!
Cecilia Burke
CEO and President
Flag manufacturer with premier retail locations and online shopping
About the company
Family-owned business offers a wide range of services, including professional flag installation, flag and flagpole rentals, and customizable flags and banners.
Location: Barrie and Thornton, Ontario
Industry: Retail and manufacturing
Entrepreneur challenge
The owner had invested significantly to customize its leased premises and felt the timing was right to purchase the building, which combines office, manufacturing and retail space. She was looking for a financial institution that would partner with her to bring her project to fruition.
BDC expertise
With confidence in the company’s successful financial track record, BDC’s experts provided the firm commercial real estate financing to buy its leased premises. The company benefited from flexible payment terms to protect its cash flow.
Results
- Acquired significant asset with high potential ROI
- Increased control over company’s destiny
- Increased retained earnings after acquisition
- Increased flexibility to further customize building
- Now ready for next step to construct addition to building