Running a business can be a challenging but rewarding task. One crucial decision you will have to make as the owner of the company is whether you will lease or mortgage your business property.
Both choices have their pros and cons. Read on to find out which option would suit you best.
Mortgaged Property Becomes an Asset
The primary benefit of mortgaging a facility is that it will eventually become a prized asset. This will naturally increase the equity of your business.
When you mortgage your business property, the monthly payments will go towards building your company’s equity. Also, business property is highly likely to appreciate over time, and that can considerably increase the value of your company.…Continue reading