When the pandemic hit the United States it left companies in every industries scrambling with questions, and forced a wave of creativity and technological adaptations. Like most companies, Life Storage took a step back in order to assess the incredible level of uncertainties and question marks that experts didn't have for.
Life Storage CEO Joe Saffire explains how these numerous 'unknowns' were too significant to ignore, and the company paused on some of their largest growth drivers such as self storage facility development and acquisitions.
As fog begins to clear from windshield, Joe is optimistic that the country is on a good course-of-action which will allow Life Storage to continue driving on the road they once were on.
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.