{"id":21234,"date":"2022-12-05T10:08:16","date_gmt":"2022-12-05T18:08:16","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=21234"},"modified":"2024-10-03T14:54:33","modified_gmt":"2024-10-03T21:54:33","slug":"switch-from-leasing-to-owning","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/switch-from-leasing-to-owning\/","title":{"rendered":"Now is Still the Right Time to Switch from Leasing to Owning"},"content":{"rendered":"

If you have been thinking about buying commercial real estate but not sure if the time is right, this article is for you.\u00a0 Many would-be buyers look forward to the stability and freedom owning their own property will bring them, but they aren\u2019t sure if they should take action now.<\/span><\/p>\n

In 2021, interest rates were at a historic run of all-time lows. But Federal Reserve policies have changed as the focus shifts from a pandemic response to reining in inflation and unfortunately, that has some repercussions for your business.<\/span><\/p>\n

Over the last year, SBA 504 loan interest rates have risen from 2.97 percent in September 2021 to <\/span>6.52 percent in November 2022<\/span><\/a>. Naturally, this has many business owners rethinking their plans \u2013 but before you put them on the shelf, it\u2019s important to weigh the costs of inaction.<\/span><\/p>\n

If you own a business and need financing, but you\u2019re on the fence about current rates, it pays to get the whole story. It may seem counterintuitive, but there are still plenty of good reasons to proceed with your financing now. Here are some of the biggest ones:<\/span><\/p>\n

1. Rates Are Still Relatively Low<\/span><\/strong><\/p>\n

You might feel a lot better about rates rising<\/a> over the last year when you consider the historical trends. As recently as 2006, <\/span>Pr\u00e9stamo SBA 504<\/span><\/a> interest rates topped 7 percent, far higher than today\u2019s rate<\/a>. Throughout 2004-2014, rates were often at or above today\u2019s rates.<\/span><\/p>\n

Sub-3 percent interest rates are an anomaly caused by a once-in-a-lifetime set of circumstances. Today\u2019s rates are closer to what would be considered normal, but they are still favorable in comparison to past trends.<\/span><\/p>\n

2. Rates May Rise Higher \u2013 Especially with Conventional Financing<\/span><\/strong><\/p>\n

In the not-too-distant future, small business owners who choose not to seek an <\/span>Pr\u00e9stamo SBA 504<\/span><\/a> at today\u2019s rates may wish they had. The Fed has been aggressive in raising interest rates so far and has signaled it will use these rates as its main tool in the fight against inflation.<\/span><\/p>\n

With inflation still at 8.3 percent in August of 2022, it\u2019s shaping up to be a long battle.<\/span><\/p>\n

3. Your Business Might Not Be Able to Wait<\/span><\/strong><\/p>\n

Cash flow is the lifeblood of any business. When business revenue and savings aren\u2019t enough, you need financing. The lower the rates you get, the more money you can keep \u201cin play\u201d and put to work for you \u2013 and that makes waiting for rates to drop again a very risky proposition.<\/span><\/p>\n

Simply put, there\u2019s no guarantee that rates will go down \u2013 in a year, three years, or five years. No one likes to think about \u201cwhat might have been\u201d if their timing had been different, but when it means the difference between survival and insolvency, it\u2019s even more important to take the plunge.<\/span><\/p>\n

4. Interest Rate Figures Don\u2019t Tell the Whole Story \u2013 You Have Options<\/span><\/strong><\/p>\n

Un <\/span>Pr\u00e9stamo SBA 504<\/span><\/a> is lauded by business owners from coast to coast for more than just its below-market rates. It can be used for commercial real estate, purchasing equipment, or making eco-friendly improvements to a property. It offers attractive down payments as low as 10 percent, too. For businesses that need a <\/span>\u201cspecial use\u201d property such<\/span><\/a> as a vineyard, the SBA 504 loan is often simpler than a conventional loan and more attractive.<\/span><\/p>\n

That said, there are many possibilities to explore. A loan specialist can help you consider all of your loan options. Small business credit cards can also be helpful, especially when they offer valuable incentives.<\/span><\/p>\n

5. Refinancing Is Usually an Option<\/span><\/strong><\/p>\n

Even though today\u2019s trends are clear, nobody can predict the future. It\u2019s true that interest rates might<\/span><\/em> go down in years to come. If you already have a loan, does that mean you\u2019re out of luck? No, not at all! <\/span><\/p>\n

If you choose an SBA 504 loan, you\u2019ll have access to the <\/span>Programa de refinanciamiento SBA 504<\/span><\/a> whenever it makes sense for you. Refinancing helps make borrowing more affordable. The SBA 504 Refinance Program offers terms up to 25 years, below-market fixed interest rates, and reduced monthly payments. It is also a great way to access cash currently trapped in real estate.<\/span><\/p>\n

Don\u2019t \u201cWait and See\u201d When It Comes to Buying Your Building<\/span><\/strong><\/p>\n

If you aspire to own your property, don\u2019t leave it up to chance or the whims of the Fed. You lose nothing by getting more information about the <\/span>Programa de pr\u00e9stamos SBA 504<\/span><\/a> \u2013 and you might learn exactly what you needed to know to take the best next step for your business.<\/span><\/p>\n

Financiamiento TMC<\/span><\/a> is a Certified Development Company licensed to operate in Arizona, California, Nevada, and Oregon. As a nonprofit organization trained to help business owners through the SBA 504 loan process, we are here to answer all of your questions.<\/span><\/p>\n

Cont\u00e1ctenos<\/span><\/a> to learn more or get started. <\/span><\/p>","protected":false},"excerpt":{"rendered":"

If you have been thinking about buying commercial real estate but not sure if the time is right, this article is for you.\u00a0 Many would-be buyers look forward to the…<\/p>","protected":false},"author":12,"featured_media":21236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[141,25,178],"tags":[445,8650,411,8764,337,378],"class_list":["post-21234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news-updates","category-sba-101","tag-buy-building","tag-own","tag-real-estate","tag-rising-interest-rates","tag-sba-504","tag-small-business-loan"],"acf":{"related_posts":false},"yoast_head":"\nNow is Still the Right Time to Switch from Leasing to Owning | TMC Financing<\/title>\n<meta name=\"description\" content=\"Rising interest rates have many business owners 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