Day: December 9, 2021

SBA 504 Refinance Program

The 504 Refinance Program is designed to help businesses improve cash flow and access the equity of their property to pay down business expenses. With the updated rules provided by the SBA and low, long term FIXED rates, you can’t afford to ignore this program. To Qualify: At least 85% of the original loan must have been used to purchase or improve owner occupied commercial real estate or equipment (self storage is eligible). The note must have been in place for at least six months and the final draw of…

Pitfalls of a Database: Why Good Data Management Matters for Your Self Storage Operation (Part One)

As a self storage owner or operator, much of your ability to make the right decisions hinges on your data quality. If your database contains outdated, inaccurate or incomplete data, you will lack visibility to the information you need to reduce costs, retain tenants and grow your business. With technology quickly becoming a determining factor in self storage success, effective data management plays an even more significant role in your operation’s bottom line. But what is data management? And how can you improve data management to achieve better outcomes for…