Small businesses make up a huge portion of our economy and play a major role in our local communities. Our mission is to assist business owners with their aspirations of business expansion through our loan programs. Small businesses interested in purchasing real estate and/or equipment may qualify for the SBA 504 Loan Program. Small businesses interested in receiving financing for working capital and inventory may qualify for our other small business loan programs.
Buy Vs. Lease Comparison
Buy |
Lease |
Debt Reduction and Equity Build-up |
Loss of appreciation |
Interest on the mortgage loan is tax deductible |
Contractual penalties |
You can take annual depreciation deductions on taxes |
Loss of Improvement value |
No rent increases |
Tax deduction as business expense |
Holding period of more than 5 years |
No equity build up |