Your debt-free SME; Streamlined headquarters building is paid off in three years

摘要

As most members are aware, in December 2010, SME relocated from its limited headquarters office space in Littleton, CO to a larger facility in Englewood, CO. The building was acquired, refurbished and equipped at a total cost of $3.5 million for the 2,800 m2 (30,000 sq ft) facility, taking advantage of prevailing real estate conditions in the Denver area at the time. This change allowed SME to centralize and consolidate its operations into a single location, releasing the requirement for various rental spaces and facilities in the Denver area. SME borrowed approximately $2 million in funds from the existing line of credit to cover the cost of the building, together with cash from SME operations.