3 Things You Should Know About Small Business: July 9

If a business owner does decide to purchase a property, qualifying for the loan will more than likely require a personal guarantee of the loan and 10-20% of the purchase price in cash as a down payment, as well as money available for any repairs and maintenance.

On the other hand, interest rates are low and there are some very good deals on office space due to the economy.

-- Written by Laurie Kulikowski in New York.

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