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NAI Keystone Newsletter Archive
Next Months Issue
Green Buildings
Market Overview
Article of Interest
Commercial Real Estate
By Larry Rush, National Penn Bank
You built your family business on hard work and good relationships. One of the most important relationships you can develop is with your banker (or as we call them, Relationship Manager). By making your RM part of your team, he or she can help you achieve your goals and dreams, often in ways you may not have imagined. For example:
1. Expanding your operations. Say you have outgrown your existing location and are thinking of buying commercial real estate to expand. You may not have considered a SBA loan for this purpose, because, like most people, you think SBA loans are just for small or start-up companies. Actually, SBA loans are often used for expansion by larger businesses. A knowledgeable RM might consider this option and recommend a combination of direct bank financing and SBA-backed loans, using a structure that is financially beneficial to your business. Your RM will also know about County, State or Federal agencies that may assist in the financing options for your business.
2. Maximizing your cash flow. A bank can offer much more than loans. While you might run a very tight ship, you also could have cash and receivables sitting idle in an account, even for one day. That cash can work for you by being swept nightly into an instrument that can earn interest or pay down a loan. Your RM can arrange for you to have a no-fee, cash management evaluation to uncover such opportunities that will save you money, reduce interest costs, increase interest income, all while improving efficiency.
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Current Requirements
We have clients looking for the following:
- 8-10,000 Sq. Ft. Office Space
- 10-15,000 Sq. Ft. Warehouse Space for Sale near Airport
- 12,000 Sq. Ft. Office/Retail
If you are looking for space, let us know and we will include it in our next newsletter.
Available Properties - Fore More Properties Click Here
Office Fully Occupied
Pottsville
Office Building
Exeter/Mount Penn
Class A Office Space for Sale or Lease
Wyomissing, PA
25,000 Sq. Ft. Divisible to 3,000 Sq. Ft.
Newly Constructed Class A Office Space for Lease
Exeter, PA
26,000 Sq. Ft. Divisible to 2,000 Sq. Ft.
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June 2009
Exeter Ridge Corporate Center 3970 Perkiomen Avenue, Suite 200 Reading PA 19606 610 779 1400
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