Your Small Business Wants a Home to Call its Own
running-a-business | Read Time: 3 minutes
By Eric Springer | Published: June 2023
Don’t just work to pay for your family’s home, take care of your small business’ needs too.
Why it matters: Small business owners that don’t own the property where their business operates are missing out on opportunities like:
- Cost certainty
- New revenue streams
- Reinvestment into the business
- Long-term growth
The rewards of owning your business’ home far outweigh the costs.
WSFS Bank’s SVP, Chief Consumer Lending Officer, Candice Caruso, says, “A key constant that all small business owners and operators must embrace is reinvesting in the business. There are several ways to put resources back into a business, but one option that should not be overlooked is real estate.”
- It can provide long term, consistent ROI.
- It builds equity, building financial strength.
- You can deduct annual interest and associated expenses of owning the property.
Go Deeper: Learn more about the benefits of reinvesting in your small business through real estate:
- When Assessing Your Small Business’ Credit Needs, Focus on Your Return on Investment
- Reinvest in Your Small Business with Real Estate
About the Author – Eric Springer
Eric Springer is Vice President, Integrated Communications Manager at WSFS Bank. He brings nearly 20 years of experience in corporate communications and marketing for banking, professional services and nonprofit organizations.
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