3 Ways Equity Loans can Help Businesses with David S Capo

Equity loans can sometimes be a good option for individuals or businesses seeking financial relief while not wanting to relinquish their property. David S Capo, an established business leader with over twenty years of experience, has worked with businesses and lenders to obtain equity loans. While equity loans are commonly taken out by homeowners, businesses often look to equity loans taken out on their commercial property to provide additional, albeit temporary, income.

In David S Capo’s experience, equity loans have the advantage of providing businesses with much-needed cash to cover suppliers, payroll, or pay off lines of credit that accrue at a higher interest rate. David S Capo notes that this can often be a viable alternative for businesses that are struggling to pay the bills but lack other means of obtaining funds.

Next, David S Capo points out that an important advantage of taking out an equity loan is the ability to keep your property. Particularly for businesses, commercial property is generally where the day-to-day activities are conducted and is obviously a valuable resource that needs to stay intact. Therefore, David S Capo notes that many businesses choose to take out equity loans, if needed, because it allows the business to still operate.

Lastly, equity loans are often provided at a lower interest rate. Also, David S Capo emphasizes that borrowers can usually deduct the interest costs associated with a home or commercial equity loan. In his over twenty years of experience, David S Capo has worked with numerous businesses that are found equity loans helpful in a time of need.