Withco
Withco offers a lease-to-own partnership model that helps small business owners become commercial property owners within five years, providing support through lease checkups, property price assessments, and negotiation services.
Lease-to-Own Partnership Model
Withco offers a lease-to-own partnership model specifically tailored for small business owners aiming to become commercial property owners. The program allows these businesses to gradually earn their down payment over time, enabling them to purchase their property outright in just five years. This innovative model is designed to support long-term business stability and ownership, preventing displacement and fostering sustainable growth.
Lease Checkup and Property Price Assessment
Withco provides essential services like a Lease Checkup and Property Price Assessment. The Lease Checkup helps small business owners understand the financial health and sustainability of their current lease agreements. The Property Price Assessment evaluates what businesses can afford to pay for a property, supplying them with clear, actionable insights for their commercial real estate investments. These services are crucial for business owners planning for property ownership and long-term success.
Support for Down Payment and Mortgage Preparation
Withco assists small business owners in achieving mortgage readiness, including navigating the Small Business Administration’s loan program. Additionally, the company contributes 2% towards a down payment credit for each year a business rents, culminating in a 10% down payment credit over five years. This systematic approach provides financial support and guidance to business owners, easing the transition from renters to property owners.
Employee Benefits and Work Policy
Withco values its employees, offering a hybrid work policy and a range of competitive benefits. Employees receive competitive compensation packages, exceptional healthcare, paid family leave, and unlimited vacation. These benefits aim to foster a supportive and motivating work environment, attracting and retaining top talent committed to the company's mission.
Company Growth and Partnerships
Withco has experienced significant growth, particularly in the last quarter, which saw transaction volumes double compared to the previous two years combined. The company partners with a variety of small businesses across the U.S., including restaurants and auto dealerships. Supported by leading real estate innovators and small business champions, Withco is dedicated to creating long-term, systemic solutions for small business property ownership, ensuring stability and growth for its partners.