Two things you should know
1.If you qualify you can get a good loan through the SBA to purchase property for your business. Now is a good time to purchase property because land and buildings are cheap
You can buy an existing building or buy land and build as long as your business occupies 51% of the building.
2. A new accounting rule is coming out which will require tenants to carry their total lease payments as a liability on their balance sheet. Final regulations and interpretations will be out later in the year. In light of this rule it really makes sense to consider a purchase of a building for your business rather than lease.
We can help you get a 504 SBA loan. Contact us for more information.
Tuesday, January 18, 2011
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