There are solutions available for businesses which currently rent or lease their locations. Renting a location does not grant your business any equity in the property and results in an expense with no long term gains. A better option is to secure commercial real estate financing through www.sbaclc.com and purchase your own building. By purchasing your own property, you are gaining equity over time and end up with a viable business asset. Depending upon the size of the property, you might be able to rent out part of the space to another business. The rental income you collect provides your business with addition income that you could use to make your monthly mortgage payments.
Lenders accessed through http://www.sbaclc.com Will Review a Business’ Financial Data
When you are looking at purchasing an existing business operation, prospective lenders, like those available through http://www.sbaclc.com, will review the financial data carefully. It is also worth your time to conduct your own evaluation before submitting a commercial loan application. You might even want to consider enlisting the assistance of an accountant to ensure an accurate assessment is made. You should have your accountant look at a variety of financial forms and data to verify the business is earning a profit. Businesses that are operating in the red are not always a good investment for a first time business owner. Lenders could deny loan applications in some situations where they see a business is not operating at a profit. However, if you have existing properties which can be used as collateral, you may still be able to secure the necessary financing.