Chapter 8 - Lesson 1
Commercial Lending

Growing businesses often solicit commercial loans to expand their office space, or to purchase new office space. Use the office space calculator at the officefinder.com site to answer the following questions.

Suggested keywords: office space calculator, officefinder.com
Web site: http://www.officefinder.com/space_info.html

Your Name:

Today's Date:

Question 1:
Use the calculator to determine the typical office space required for a business of 50 employees, if office space is used efficiently. What is the typical office space required for this business? (Use the rule of thumb method, not the detailed calculation method.)

Question 2:
Click the How Much Space link. Generally speaking, how much usable office space should a business have per person? How big is a typical president's office?

Question 3:
Click the Small Office Alternative link and read about executive suites. Do you think a lender would be more or less inclined to grant a loan to a small business using this alternative, as opposed to purchasing or leasing traditional office space? Explain your answer.