This case study by Live Oak Bank shares the story of Erika and Graham Lasee, owners of Ridgefield Mini Storage in Ridgefield, Wash., including the path they followed to secure financing and develop the property from the ground up. It covers the business-plan essentials that helped them succeed.
- Why the owners opted to use a Small Business Administration loan
- The steps they took to secure the loan
- Additional essentials to successfully opening the new facility
About Live Oak Bank:
Founded in 2008, Live Oak Bank originally focused on lending to veterinarians before expanding to other industries and specialty areas such as self-storage. The bank provides small-business loans for acquisitions, new construction, refinancing and working capital. For more information, visit www.liveoakbank.com.