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SBA 504: Funding Business Growth with Less Capital

Wolgast Corporation

Have you had a net worth under $15M and an average net income less than $5M for the past 2 years? In one of our earlier blogs, we shared with you details of the Small Business Association’s 504 loan in “ Easy Financing for Small Business Growth in Michigan ”. Do you own your building or want to own your building?

Banking 62
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These Cities Are Becoming More Affordable for Renters

Pro Builder

More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than it would homeowners, according to Smart Asset. Between 2016 and 2019, rent as a percentage of income fell by almost 8%. Mon, 11/16/2020 - 10:37. Coastal cities dominate the top of our list.

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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. In the bottom 20% income percentile, a home accounts for 99% of total assets, compared to 42% for families in the top 10% income bracket. Homeownership Wealth Gains for Second Quarter of 2020. cbroderick.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
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Industry Focus: Global Aerospace Production Soars To New Heights

Business Facilities

MICHIGAN: REINVENTING STATE SUPPORT FOR AEROSPACE/DEFENSE. Many know Michigan as a global center of the auto industry and some know its leading positions in office furniture manufacturing, venture capital growth, food processing and other industries. Photo: Michigan Economic Development Corporation.).

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ABI Increases Modestly for Third Consecutive Month

PSMJ Resources

The Thomson Reuters/University of Michigan index of consumer sentiment dropped to a preliminary reading of 72.5 Furthermore, a 22% increase in the price of gasoline is pinching household finances, and serving as a reminder that the pickup in hiring has yet to boost incomes. Corporate Finance Associates blog. from 52.6,