Nonprofit social enterprise venture Bud’s Warehouse provides opportunities to rebuild lives through career and life-skill development program for employees. In 2016, they were looking for a new facility due to displacement from their original facility. In their search, they desired to expand their warehouse and re-locate to better serve their clientele. Sharing Connexion was able to assist with its capital structure and provide a loan, as a final source of gap financing for the purchase of their facility. Since moving, Bud’s Warehouse has seen an increase in sales. Sharing Connexion enjoyed assisting Bud’s Warehouse in securing new space to better serve the economic development needs of their community. James Reiner of Belay Enterprises, the parent nonprofit of Bud’s Warehouse, writes,
“A few years ago, our organization was facing a serious real estate challenge because of the I-70 expansion project. How fortunate it was for us to be referred to Sharing Connexion. They quickly became a key advisor in coaching us through the financial aspects of a nonprofit building purchase. I especially appreciated their creative solutions to financing problems that can sometimes be daunting to community organizations. Sharing Connexion’s advice and investment made it possible for us to purchase our building and continue our mission of employing individuals rebuilding lives. We are so thankful for their help!”
