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Good deal: For small businesses, SBA 504 loans lower the price of entry to real estate

It took about a year for the owner of AutoMile Motors to find property to buy on U.S. Route 1 in Saco. Justin “Jay” Gould and a partner were looking to have the security of ownership, rather than a lease, and also wanted to expand the auto dealership. The “AutoMile” brand meant the search was limited to just that a mile-long stretch on Route 1 known for its automotive dealerships and services. “AutoMile Motors has to exist on the auto-mile,” says Gould. Initially the partners looked at properties in the $300,000 range, an affordable price based on what they assumed would require a 20% to 25% down payment for a bank loan, with future upgrades paid for out-of-pocket when possible.

Understanding your credit card contract

Understanding your credit card contract
newscentermaine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newscentermaine.com Daily Mail and Mail on Sunday newspapers.

Community Calendar: March 31-April 10

Community Calendar: March 31-April 10
pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.

Start Saving Now for Future Expenses With These Helpful Tips

Start Saving Now for Future Expenses With These Helpful Tips
pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.

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