Many companies in Utah that are thinking about owning their own building rather than leasing are finding Small Business Administration (SBA) financing very attractive. There are many factors to consider but often the after tax benefit from owning can make it more attractive than renting. There are several different loan programs through the SBA but companies looking for a loan involving real estate will likely do a 7a or 504 loan. Typically a buyer will be required to come up with a 10% down payment, the SBA loan will be for 40%, and a bank or other lending institution will provide 50%. For more information on the other types of SBA loans available check out the SBA’s website at http://www.sba.gov/loanprograms or give us a call and we can put you in touch with some local professionals.
