Tips on Finding A Great Location for Your Business

By: First Union


Tips on Finding A Great Location for Your Business

Maybe up until now, you've been primarily an online business. Or perhaps you have a location but are looking for a bigger and better one as the company is growing. Whatever the reason you're location scouting for your business, there are certain things you absolutely want to make sure of when deciding on a new venue. We have put together a brief guide to help you determine where your new location should be...

  1. Does the area fit your demographic? If you haven't done your demographic research, then what are you waiting for. Odds are, you have a pretty good sense about your target market: their age, income, professions, spending habits. This is all the info you need in order to have a thriving business. Your location should be somewhat aligned with this demographic. It doesn't make sense to set up shop miles away from your target clientele.

  2. Are your competitors nearby? The logic here is that your competitors have already done the legwork and researched the location. They've also probably spent a good amount on advertising to drive customers in—take advantage of this. Having competitors nearby could be a very good strategy.

  3. Does the structure have the layout you need? Beyond just the geographic location, the building you purchase or lease needs to suit your company. The layout is hugely important. A restaurant is going to have vastly different requirements then a car dealership. Pay attention to the details of the building itself before jumping into anything.

At First Union, we can most definitely help when it comes to getting you the money required to purchase a new and/or larger location. We want to see small businesses thrive and grow—it's why we do what we do. With loan programs ranging from 5k to 1 million, we have the resources ready and waiting to allow you to realize your business dreams. Call us today!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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