Whether your Lakeland parking lot paving or driveway is for personal or business use, one thing is for sure: it will continue to deteriorate over time unless you make the necessary arrangements to maintain its health and longevity.
To do this, you would need money. Not lots of it, but you still need a pretty significant amount to hire a maintenance crew and do repairs on some issues inspected.
Unfortunately, if you did not include this in your yearly budget, the huge cost of maintenance and repairs might be too much for you. So, where do you find these funds that you need? There are four ways that you can try.
Apply for a loan
If you have a good credit history, there’s a good chance the bank will heed your requests. If you haven’t finished on an existing mortgage, you may re-apply for another loan and stretch the years that you will continue paying it.
Banking institutions usually have special programs for businesses who need to inject additional capital into their companies. You will have a good chance of getting a loan for your parking lot paving needs, but this would cost a lot in the long run.
Attract new investors
Are you open to people investing in your company? Since you’ve already done the hard work, you can open a portion of your company for investors.
They can input some needed cash into your business and as a return, you will share a portion of the profit with them. This could lead to a fruitful partnership in the future that will help your business grow.
Host special events
If you have a huge space, whether outdoors or indoors, you can use this to hold a special event—a concert if it’s that huge of a space, a farmer’s market, a mini-exhibit, etc.
You can rent out your property, or a portion of it. And as a result, you could raise enough funds for the repairs needed on your pavement and driveway.
Do a huge sale
Do an inventory. Do you have lots of products that you think could not be dispersed anymore? Why not create a huge sale to profit from these products or at least, get your “capital” back.
This unexpected money (money you think you’ve lost already) can be used for the maintenance needs of your parking lot pavement.
If it’s services you are selling, then all the better. You can offer your services for a discounted price and since there will be an influx of clients, you would surely profit better.