Capital Access recently helped Maggie Clancy, the owner of Strides Riding Academy, access $2,540,000 in financing to purchase a 20-acre, full-service equestrian facility located at 100 Lynch Road, Petaluma, CA. The SBA 504 loan enabled Clancy to purchase the property and add a boarding facility to generate additional revenue for the business and to serve the needs of the local horse riding community.
“The biggest advantage to the 504 loan was definitely the low down payment,” said Clancy. “The other advantage was being able to show that my business would support the purchase.Capital Access Group looked at my business plan, and their analysis went way beyond the numbers. This purchase would not have been possible with a conventional real estate loan.”
Owning the property has made a big difference for Clancy and her business. “Ownership allows us to make the structural changes needed to improve the property,” said Maggie Clancy, Owner, Strides Riding Academy. “It also gives clients confidence bringing their horses here for boarding services, because they know we own the property and that we’re going to be here for the long-term.”Read More