When it comes to launching or expanding a self storage facility, finance can feel like a daunting step. But as we found out in our chat with the team at Approved Business Finance, it doesn’t have to be.
Matthew Martin, Business Development Director, specialises in commercial funding for businesses of all shapes and sizes, including self storage operators. Whether you’re starting from scratch or scaling up, they offer smart solutions to make your money go further. And, the process is quicker and more straightforward than most people realise.
Why Finance? It’s Not Just About Affordability
One of the biggest misconceptions in the industry is that finance is only for businesses that can’t afford the initial investment, but that’s not the case.
“Finance isn’t just for people who don’t have the money,” Matthew explained. “It’s about leverage. Businesses, whether they’re brand new or turning over millions, use finance so they can invest their cash where it delivers the best return. Often, the equipment pays for itself while your cash stays in the business to fuel faster growth.”
Instead of tying up capital in fit-out costs, financing lets you invest in marketing, staffing, or new sites, without the stress of draining your bank account.
How Financing Works
Approved Finance typically recommends asset-based funding for self storage projects, because it’s usually cheaper than traditional loans and backed by the equipment itself.
“If the worst happens,” said Matthew, “the lender has something tangible they can resell, which brings the risk and the cost down.”
And if you’re imagining long approval processes and mountains of paperwork… think again.
Initial approval: within 1 to 48 hours
Full process: 3 – 4 working days
Minimal hassle: A brief chat with their brokers can quickly reveal whether you’re likely to be approved
“It’s always worth picking up the phone,” Matthew added. “We can usually tell right away what a lender would look for, and that gives you more confidence before you even apply.”
Advice for First-Time Investors
Ask questions early, and seek the right advice.
“Do your due diligence,” said Matthew. “Make sure you’ve considered things like planning permission, insurance, fire safety regulations, these often get overlooked, especially by first-time investors.”
Finance is about setting yourself up for success. Whether you’re converting an old barn or fitting out a modern multi-storey site, the right funding partner can help you grow smarter and faster.
Finance Is a Tool for Growth
Spreading costs over time gives you breathing room. It reduces upfront pressure, protects cash flow, and helps future-proof your operation.
“Finance can be a real stress-reliever,” said Matthew. “You’ve got a safety net if things slow down. Plus, the self storage facility is literally making you money while you’re paying it off.”
At Kuboid, we’ve seen first-hand how access to funding opens up new opportunities for self storage operators, from single-site startups to expanding franchises.
Looking to explore funding options for your self storage build?
Just contact the Kuboid team to learn more.
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