Funding for Self-Storage Facilities
Storage throws off the kind of predictable monthly revenue lenders love, which makes you a strong candidate for term loans up to $5M and asset-based programs — with fast working capital available when a repair cannot wait for a bank's timeline.
Self-storage is one of the steadiest businesses there is — month-to-month rents, low staffing, demand that holds up in good times and bad. The catch is that your capital needs are lumpy and physical: gates, doors, cameras, paving, roofing, climate-control systems, and the buildouts that add rentable square footage. Banks will eventually say yes to a business like yours; the problem is the word eventually. Broadway moves at a different speed: one short form, three months of bank statements, a soft credit pull, a same-day decision, with term loans up to $5M for expansions and faster working capital in as little as 24 hours when the security gate fails on a Friday. Strong businesses should not wait in weak lines.
The challenge
Steady monthly rents, real property, recurring demand — and somehow the capital is still hard to reach. Banks move at commercial-mortgage speed, so a gate failure, a paving job, or a chance to add climate-controlled units waits months for an answer.
How Broadway Advance helps
Storage throws off the kind of predictable monthly revenue lenders love, which makes you a strong candidate for term loans up to $5M and asset-based programs — with fast working capital available when a repair cannot wait for a bank's timeline.
What owners use it for
- Repair or replace gates, doors, and access-control systems without waiting on a bank
- Convert standard units to climate-controlled and raise revenue per square foot
- Repave drives, fix roofing, and handle the capex that protects occupancy
- Upgrade cameras, lighting, and remote-management software
- Build additional units or buildings on land you already own
- Bridge to a refinance or acquisition while the slow money catches up
See your real number in about five minutes.
Apply nowFunding options that fit self-storage facilities
Term Loan
The lowest rates and longest terms, with predictable monthly payments.
Up to $5,000,000 →Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Equipment Financing
Buy the equipment you need; the equipment itself secures the deal.
Up to 100% of equipment cost →Self-Storage Facilities funding questions
My facility is profitable and stable. Why would I pay more than bank rates?
Often you shouldn't — and with revenue like yours, you likely qualify for Broadway's cheaper products: term loans up to $5M and asset-based programs priced well below short-term advances. The case for paying up is purely about time: a failed gate, a roof leak over occupied units, or an expansion window that closes. The honest framing is speed as a product. When weeks matter, fast capital earns its premium; when they don't, take the slower, cheaper money.
Can I borrow against the facility itself without doing a full commercial mortgage?
Asset-based lending can use the real estate and business assets as collateral with substantially less process than a full bank mortgage — though more than an unsecured product. It typically lands between the two on both speed and cost. For owners who want meaningful capital for an expansion or unit conversion without a six-month bank timeline, it is often the right middle path. Broadway works across 25+ funders, so we can show you both routes side by side.
Does converting units to climate control actually pencil with financed money?
Frequently, yes — climate-controlled units command meaningfully higher rents in most markets, and the conversion cost is finite while the rent premium recurs every month. Run it like any capex decision: conversion cost plus financing cost against the added monthly revenue at a realistic occupancy. Equipment financing can cover the HVAC systems themselves at up to 100% of cost. If the payback period looks longer than a few years in your market, walk away from the project, not just the loan.