Right now, many stars are aligning to make this a great sellers’ market. But, that doesn’t mean it isn’t a great time to buy. In fact, the federal government is trying to ensure that there are buyers for all of those sellers. They have created two situations that make this a buyer’s market.
SBA lending programs are VERY attractive for buyers. If you think you want to grow your business, this is a smart time to act. The Small Business Association lending program has two powerful incentives that make buying better for you:
- No lending fees
- Six months loan payments paid by the government
These programs won’t last forever, and in fact, are designed to help spur the economy. So, if you pass them up, you’re also passing up free money to grow your business.
Interest rates are at an all-time low. Right now, money is cheap. You can afford more business with a lower payment than in high interest years. While the SBA incentives offer short-term incentives, this low interest rate can benefit you for the entirety of your loan. Plus, low interest rates make this a great time to buy new equipment and make other improvements to a growing business. You could even refinance existing, higher-interest loans into a new loan with your purchase of new property, saving money there as well.
With these two points in mind, now is a great time to grow your business!
Need more information or ready to buy? Contact the JCG team today!