You might be surprised to learn that the largest segment of commercial business operations in the United States area actually small businesses. One reason for this is because the products and services provided by small businesses are frequently regional, and only available in select areas. Small business could fall into any industry, including manufacturing, retail, transportation, and housing. Small businesses also include franchises of individual units operated by different owners, in exchange for being able to use the parent company’s name, logos, products and services. Just like large corporations, small businesses often require securing commercial real estate and commercial loans to further their business operations from http://www.sbaclc.com.
Secure Financing for Rehab Projects with Help from http://www.sbaclc.com
Most apartment communities and mobile home parks are considered small businesses. Rental properties provide housing for people and families who do not want to, or are unable to, purchase a home. The business owner needs to make sure their property is properly maintained and kept up to the current building codes and regulations. When properties are kept current, it helps attract more potential customers and helps to ensure high occupancy rates. The more units you are able to keep rented, the more it translates to your bottom line and potential net earnings each year. However, you may experience times where you are short on the funding needed to complete rehabilitation projects because of their scope. Rather than having to scale back your project or only complete a few units at a time, you are able to obtain the necessary funding from www.sbaclc.com for your rehab project.