Small companies that purchase a business condo at Club Auto Sport can take advantage of Small Business Administration (SBA) financing - which requires a down payment of only 10% of the purchase price.
More than nine out of ten businesses qualify for SBA financing, which offers several programs designed to help successful small to medium-sized businesses conserve their working capital for operations and expansion. On a condo priced at $250,000, an SBA loan requires a cash outlay of only $25,000 - compared with the $62,500 to $87,500 down payment that would commonly be required with traditional bank financing.
Again, as discussed under tax benefits, the special IRC Section 179 tax deduction and other write-offs can reduce your after-tax cash outlay to zero - or even pay you to buy instead of lease! For more information about SBA financing, talk with TMC Financing or your Club Auto Sport representative.
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