Loans for Your Business Purchases
Monday, October 09, 2017
Are you familiar with the SBA? The Small Business Administration offers loans to qualified businesses who are looking to purchase fixed assets at low interest rates. You can use an SBA 504 loan to buy equipment, a building, and even land. This makes it possible to grow your business by securing the equipment you need. Also, you may find that it is more affordable to purchase a building for your business, rather than leasing one. In this case, the SBA 504 program is an excellent tool to do so.
The SBA works with local lenders to facilitate their loan programs which means that you can get local assistance with your application and finding out if you qualify. More information can be found here.