Asheville Furniture Repair is a locally owned and operated furniture repair shop in Asheville, North Carolina. Founded by Jeremy Winstead in 2015, the shop provides a range of services including upholstery work, wood finishing, antique restorations, and custom building. From simple chair repairs to extensive commercial projects for hotels and restaurants, Asheville Furniture Repair prides itself on quality craftsmanship.
For the past six years, Jeremy had been renting an 1,800 square foot space in West Asheville to house Asheville Furniture Repair, but the company was rapidly outgrowing the space. Due to the real estate market in Asheville, it wasn’t easy to find a suitable industrial space for their workspace but eventually Jeremy found the perfect building in West Asheville. The space was three times the size of their current shop and able to accommodate the company’s rapid growth.
As Jeremy began the process of purchasing commercial real estate, his realtor recommended that he reach out to a BDO at FNB Small Business Finance, regarding an SBA loan. The lower down payment and less cash out-of-pocket made the SBA route more appealing to Jeremy, and our BDO was able to structure an SBA 504 loan that specifically met the needs of Jeremy’s growing business.
Jeremy had this to say about working with the team at FNB Small Business Finance:
The process was very paperwork intensive, but he was very organized. He really knows the SBA world well and was great at answering all of our questions. At the closing, my realtor and lawyer even commented on how smoothly the process had gone. Overall, it was a great experience!
We look forward to seeing Asheville Furniture Repair’s continued growth in the years to come.
