The Self-Storage Industry: Big Money, Big Size [INFOGRAPHIC]

For most of us, self-service storage is something we only think about when we need somewhere to put our extra stuff. You probably pass a handful of facilities on your daily commute without blinking an eye.

But self-storage is actually a booming industry, with thousands of new facilities built every year.

Just how big is the self-storage industry, you ask? Take a look at the infographic below to learn more.

Self-storage industry infographic

Share:

Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.

First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Best Small Business Bank – North Carolina If you’re looking for the best small business bank in North Carolina, the search ends with First Bank. First Bank’s doors first opened in 1935 to serve farmers and local businesses when the small town of Troy, NC, lost its local bank. Since then, we have continued to help small businesses thrive all over North Carolina. Small Business Options at First Bank In fact, First Bank was one of five institutions to receive a cash infusion from the U.S. Treasury’s Small Business Lending Fund in an effort to further increase small business loan offerings. “Not all businesses are the same, and we are a community bank with community values that strives to anticipate and meet your needs. Small business owners will find that we offer multiple banking options to fit their needs.“ There are a number of reasons why First Bank is among the best small business banks in North Carolina. With locations throughout the state, your business can count on us for: Business loans. Get a lump-sum business loan for equipment, supplies, inventory, vehicles, or anything else you need.* Credit lines. Open a line of credit to borrow and repay as needed or utilize a First Bank business credit card to be used at any time.* Commercial mortgages. First Bank can offer you a competitive mortgage for your place of business. Construction loans. We’ll give you a helping hand in our construction and professional loans program to build new construction, remodel, renovate or expand.* Merchant services. First Bank can help with accepting credit cards for payment, check collection, and more. Checking and savings accounts. We offer several business checking accounts and 3 business savings accounts, each designed to meet the unique needs of a variety of businesses. Credit cards. The First Bank Mastercard Business Card with Rewards provides you with the freedom to make business purchases as needed and pay them off in a convenient and secure way. Online & mobile banking. With a First Bank business account you can quickly and easily manage your funds from your computer or mobile device with our online and mobile banking services.* Treasury services. We offer a wide range of solutions to reach your optimal cash flow efficiency. Find a First Bank Near You Small businesses make 4 min read

How to Find Your USP (Unique Selling Point) Very few businesses are entirely unique. Unless your business is totally original, you will need to find a way to distinguish yourself from the competition. This is known as your unique selling point (USP), value add, or simply your "secret sauce." 3 min read

North Carolina’s Key Industries [Infographic] It's no secret that North Carolina is a hotbed of business and population growth in the Southeast. We take a look at our home state's key industries and the economic impact in 2017. 1 min read

Small Business Loan Rates in North Carolina For competitive small business loan rates* in North Carolina, stop by your local First Bank branch to compare loans with flexible terms and highly competitive rates. We make borrowing money for your business easy and provide the necessary financing for you to be successful in your venture. Small Business Loans at First Bank First Bank is dedicated to helping you navigate the small business loan process. A government-sponsored loan from the Small Business Administration (SBA) can help you grow your business when traditional bank financing may not be an option. We have an SBA team with expertise in different types of SBA lending programs. Some of our solutions for your small business include: Long repayment terms up to 25 years Lower monthly payments Competitive fixed or variable rate options 504 refinancing for large debts For more information on applying for a small business loan, contact a First Bank SBA team member. Additional Loan Options for Businesses In addition to small business loans, First Bank offers a variety of other loan options to help your business succeed. We offer: Business Credit Cards with Rewards—These credit cards offer low rates, no annual fees, and a rewards program with everyday purchases. Lines of Credit—This solution allows you to access cash for any business venture quickly and efficiently. You can repay and reuse your credit line as needed. Business Loans—Our business loans can help you expand your business, fund new equipment, and increase your revenue. Commercial Mortgages—Our specialists provide competitive pricing on a variety of commercial mortgage products and can help structure a loan specific to your needs. Visit First Bank Today To compare small business loan rates, visit your local North Carolina First Bank. With more than 100 locations in North Carolina, we are determined to help you choose the best option for your financial needs. ——— Sources: SBA: https://www.sba.gov/content/504-debt-refinancing-program *Loans subject to credit approval. 2 min read

The Self-Storage Industry: Big Money, Big Size [INFOGRAPHIC]

Ready to talk to an expert?

Ready to talk to an expert?

You may be interested in...