Small Business Rent Inflation: Where We Are Now and What Online Loans from OakParkFinancial Can Do for Us
By Space Coast Daily // July 22, 2022
The cost of rent has been increasing at a rapid pace in recent years, and this is putting a lot of pressure on small businesses. In many cases, the cost of rent has now become the number one expense for these businesses. This can be difficult to manage, especially if your business is not bringing in a lot of revenue.
Thankfully, online loans are available to help you pay your rent. In this blog post, we will discuss the current state of small business rent inflation and how online loans can help you overcome this challenge!
The current state of small business rent inflation
Rent inflation for small businesses has been on the rise in recent years. In 2017, the average rent for a small business was $883 per month, up from $758 in 2016, according to data from the National Federation of Independent Businesses (NFIB). This trend is expected to continue, with the NFIB predicting that average rents will reach $950 per month by 2019.
While this may not seem like a large increase, it can be significant for small businesses that are already operating on slim margins. The good news is that there are options available to help offset the cost of rising rents, including online loans.
How online loans from OakParkFinancial can help businesses get the funds they need to keep up with rising rents?
As many small business owners are aware, the cost of renting commercial space has been on the rise in recent years. This is due in part to the strong economy and low vacancy rates in many markets across the country. While this is good news for landlords, it can be a challenge for small businesses trying to keep up with rising rents.
One way that small businesses can get the funds they need to keep up with rising rents is by taking out an online loan. Online loans can provide businesses with the capital they need to cover their rent expenses and keep their business operations running smoothly. Additionally, online loans can often be obtained quickly and easily, which can be helpful for businesses that need access to funds quickly.
If you’re a small business owner who is struggling to keep up with rising rents, consider taking out an online loan from OakParkFinancial. Online loans can provide you with the funds you need to keep your business running smoothly and help you meet your rental obligations.
Case studies of small businesses who utilized online loans to keep their business running during rent inflation.
In the past decade, we’ve seen small businesses suffer due to rapidly increasing rents. For many business owners, the only option has been to shutter their doors and walk away from years of hard work. But it doesn’t have to be this way.
With online loans, small businesses can get the financial help they need to weather periods of rent inflation. Here are a few case studies of businesses who were able to stay afloat thanks to online loans:
– Joe’s pizzeria in Brooklyn was able to keep its doors open during a period of rapid rent increases by taking out an online loan and using it to cover the difference between his old lease and his new one.
– Sarah’s boutique in San Francisco was able to stay in business during a period of rapidly rising rents by taking out an online loan and using it to pay for her new, higher rent.
– John’s hardware store in Chicago was able to stay open during a period of rapid rent increases by taking out an online loan and using it to cover the difference between his old lease and his new one.
If you’re a small business owner who is struggling to keep up with rising rents, don’t give up hope. Online loans can help you weather the storm and keep your business running.
The benefits of online loans for small businesses.
There are many benefits that come with securing online loans for small businesses. Perhaps the most significant benefit is that online loans can help business owners to keep up with rent inflation.
Rent inflation has been a persistent problem for small businesses in recent years. According to a report from the National Small Business Association, the average cost of rent for small businesses increased by more than 20% between 2010 and 2016. This is an unsustainable rate of growth, and it’s one that puts immense pressure on small business owners who are already struggling to make ends meet.
Online loans can provide a much-needed lifeline for small businesses that are struggling to keep up with rent inflation. By taking out an online loan, business owners can access the funds they need to pay their rent and keep their business running.
There are many different types of online loans available, so it’s important to shop around and find the right loan for your business. Be sure to compare interest rates, repayment terms, and fees before you commit to any one loan.
If you’re a small business owner who is struggling to keep up with rent inflation, an online loan could be the solution you need. With an online loan, you can access the funds you need to keep your business running and stay afloat in difficult times.
For more information on online loans and how they can benefit small businesses, please contact us today. We would be happy to answer any questions you have about online lending and help you find the best loan option for your needs.
How to get started with online loans for your small business?
If you’re a small business owner, you may be feeling the pinch of rising rents. Commercial rent prices have been on the rise for the past few years, and they don’t seem to be slowing down anytime soon. This can be a major problem for small businesses, who often have tight profit margins and can’t afford to absorb these increases.
One solution that many small businesses are turning to is online loans. By taking out a loan and using it to pay your rent, you can free up cash flow that can be used for other purposes. And because online loans are often easier to qualify for than traditional bank loans, they can be a great option for small businesses that may not have strong credit histories.
If you’re thinking about taking out an online loan to help pay your small business rent, here are a few things to keep in mind:
-First, compare interest rates and terms from multiple lenders. There are a lot of different online lenders out there, and they all offer different rates and terms. By shopping around, you can make sure you’re getting the best deal possible.
-Second, be aware of the fees associated with online loans. Some lenders will charge origination fees or other types of charges, so it’s important to read the fine print before you apply.
-Finally, remember that online loans should be used as a last resort. If you can’t afford your rent without taking out a loan, then it’s time to start looking for a new place to do business. But if you’re just looking for a way to free up some cash flow, an online loan can be a great option.
If you’re considering taking out an online loan to help pay your small business rent, these tips can help you get started. With careful planning and execution, online loans can be a great way to keep your business afloat during difficult times.
Author’s Bio: Luke Pitt
Senior Personal Finance Writer at Oakparkfinancial
Luke Pitt writes with a simple and field-level perspective on personal finances. He learned to save money as he completed his B.S. Degree from the Department of Politics Science from Florida State University. Luke has worked with student loans as well as inexpensive housing options, budgeting that includes auto loans, and other personal finance issues that are common to all Millennials after they have graduated.