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An SBA loan helped an upholstery company relocate to a larger workshop and headquarters.
In 2006, Shane Lawless purchased an upholstery business in West Concord, Mass. By 2022, the time had come for Lawless Upholstery to upgrade its 900-square-foot spot on Commonwealth Avenue. The full-service shop, which specializes in reupholstery, furniture restoration and custom-built furniture, was bursting at the seams after long-sustained growth. It had added wallpaper coverings and furnishings to its growing business.
“We were expanding the business and had been renting for 16 years,” said Shane. “We were looking for the right piece of real estate and it came up across the street from us.”
Now that he had found the perfect location to relocate his business, Shane called on Northern Bank to help finance the purchase. After going over his options, Shane agreed to an SBA loan to fund what he called “the biggest purchase of my life.”
There are two key advantages of an SBA loan:
The SBA loan process was a smooth one and Shane was ready to close on the new 5,000 square foot property within 45 days.
“It was great, everyone at Northern Bank crushed it,” said Shane. “Northern Bank made what I thought would be a terrifying process, very streamlined. It was simple.”
Lawless Upholstery & Furnishings is a full-service shop specializing in commercial and residential upholstery, furniture restoration, custom-built furniture, and home furnishings. Founded in 2006 by owner Shane Lawless in the heart of downtown West Concord, Massachusetts, the business is known for its superior craftsmanship and unparalleled service. Renowned by award-winning interior designers, commercial establishments, and residential customers alike, Lawless provides unmatched quality for clients whether they’re having a single chair reupholstered or an entire restaurant full of seating built from scratch.
When Jon Erickson, owner of J. Erickson Plumbing and Heating LLC, was frustrated with his experience at a “big bank”, he turned to Northern Bank for a personal relationship focused on customer service.
For Chilacates, having a partner that understands family business and shares their passion for success made all the difference.
For one business, it chose Northern Bank for its online banking and local community feel.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.