Small business owners are often so focused on growing their profits through increased income, they neglect to examine what reductions can take place on their expense side. Aside from being profitable, it’s important for business owners to take a step back and look at whether or not they have any real equity in their business.
One way to reduce expenses and gain equity is for a small business owner to consider purchasing a building instead of leasing space for their business. First District Development Company provides up to 90% financing through an SBA 504 loan package to small businesses for the purchase and/or construction of commercial real estate.
Contact FDDC to discuss the details of SBA 504 financing options.