When a business needs to establish a physical location the first thing they consider is the old adage “Location, location, location”. What they should really consider is “financial, financial, financial”. Understanding the different types of real estate loans, which ones will apply to which properties, and how they will affect your business, is the first step to figuring out the best path forward for your company’s real estate needs.
The decision to lease or own the location a business is located in is one of the most important that many small businesses experience as they grow. There is a myriad of factors that can cause confusion in addition to the legal and financial aspects of the decision.