CRDC Finances New Construction in Concord


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Winding down from a busy wedding and event season, Eric Foster walks through his new 15,000 sf building on 6 Whitney Road in Concord, and is still brainstorming ideas to improve operations for his
Winding down from a busy wedding and event season, Eric Foster walks through his new 15,000 sf building on 6 Whitney Road in Concord, and is still brainstorming ideas to improve operations for his special event business, Lakes Region Tent & Event.
 
"I wanted to put down some roots for the business, but the problem was finding the right building that worked for our operations," said Eric Foster, owner, Lakes Region Tent & Event.
 
After buying the business in 2009, Eric found himself leasing space. "I knew that ultimately I wanted to have the real estate under control. Layout is important, the right building with the right location just didn't exist, so we drew it up."
 
Lakes Region Tent & Event distinguishes itself from other event & tent rental companies in that they have in house washing of all their rental items. Under his ownership, Eric purchased an industrial "tent washer"; state-of-the-art Teeco™ Solutions commercial washer, specially designed for washing large volumes of vinyl and canvas material, as well as sidewalls, webbing and straps - the first of its kind in New Hampshire.
 
 
 "I reached out to CRDC to help with financing because I wanted this to be an SBA loan - and if you need an SBA loan you go to CRDC," said Eric. "I pulled in Service Credit Union as the bank and between Service Credit Union and the CRDC they worked really well together on this deal. Both loan officers were clear professionals who understand each other's roles and how to get the project to the finish line efficiently."
 
"The new construction which Eric designed with the Turner Group, allows for 10,000 -15,000 sf of high ceiling space," said Jennifer Boulanger, CRDC Loan Officer. "The expanded floor and ceiling space allows Eric to run the company more efficiently by washing and drying tents, tables, chairs, etc. in between service and in the offseason.  The larger space helps manage personnel time and workflow more productively."
 
 
Eric Foster, Owner of Lakes Region Tent & Event explains how the new building is allowing operations run more efficiently with the ability to provide in house washing of their rental items.
 
CRDC's Jennifer Boulanger and Eric Foster at Lakes Region Tent & Event in the company's new showroom. 


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