Top 3 Reasons Small Businesses Should Stop Paying Rent
By Purchasing a Building, Business Owners Can Be Paying Themselves
SAN DIEGO — Small business owners who are tired of paying rent and have a lease renewal on the horizon, should know there’s an alternative to renting — building ownership via a U.S. Small Business Administration (SBA) loan program called SBA-504.
“Instead of writing a check to a landlord every month, business owners can be paying themselves,” said Kurt Chilcott, president/CEO of CDC Small Business Finance, a leader in SBA commercial real estate lending and SBA-504 loans.