Steadfast Construction

SBA 504 program helps Steadfast Construction buy a new warehouse space without “breaking the bank”

Thanks to the SBA 504 program, Marcus Alvarez and Eric Pestana, the founders of Steadfast Construction, Inc., are now the proud owners of a new, 2,704 square foot warehouse space in Pleasanton, CA.

Marcus and Eric always kept their business “lean and mean,” and they held off on leasing a warehouse space until absolutely necessary. But as soon as they leased their first space, they realized they needed even more space to accommodate growth. The company currently has 15 employees and expects to double in size within the next two years.

Eric and Marcus now feel secure about the future, but they probably wouldn’t have been able buy their own building without the SBA 504 loan.

“What the 504 loan enabled us to do was to be able to put ten percent down on a warehouse that wasn’t going to break the bank,” said Alvarez. “The 10% down payment was a huge factor for us.”

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Holly Pranger

Pranger Law, a San Francisco-Based Intellectual Property and Advertising Law Firm, Buys New Office with $1,070,000 SBA 504 Loan Arranged by Capital Access Group

Capital Access Group was delighted to help Holly Pranger, owner of Pranger Law PC, leverage the SBA 504 program to buy a new 1,369 sf commercial location with a $1.1M loan. This was Holly’s second commercial space purchased using the SBA 504 loan program.

Holly took out her first SBA 504 loan when she realized the amount of money she would need to lease a space would be close to a mortgage payment. Later, when another location in the same building became available, Holly knew that she couldn’t pass up the opportunity.

“I worked with Capital Access Group twice,” said Holly. “I expected things to be challenging, but the process was pleasant and easy. I would never go back to leasing office space ever again. When we are ready to expand again I’ll go back to Capital Access and say, get me another business loan!”

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alan-jung

Alan Jung celebrates 20 years at Capital Access Group

Alan Jung, Capital Access Group Senior Vice President and Chief Credit Officer, recently celebrated his 20th anniversary with the company. We took advantage of the occasion to interview Alan to get his perspective on the SBA 504 program and what he enjoys most about working at Capital Access Group.

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Win-Win

Win-Win Tech Ventures “gains confidence” with new building purchased in $12.9M financing project

Capital Access Group was pleased to help Win-Win Tek Ventures secure $12.9M in financing to purchase a 101K s.f. building at 691 South Milpitas Blvd in Milpitas, CA. Win-Win Tek Ventures, a cloud and analytics software and IT services company, currently employs 150 people and hopes to create another 150 jobs because of the growth enabled by the new building.

Win-Win’s ambitious growth strategy would not be possible without the SBA 504 loan. “Frankly, if the 504 program wasn’t available, we would continue running the business as we do now, with no growth, no additional employment, and no contribution to the local economy,” said JP Vejendla, CEO, Win-Win Tek Ventures.

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Comfort Inn

Comfort Inn Taps 504 Refi Program to Reduce Monthly Mortgage Payment and Secure Lower, Long-Term Fixed Interest Rate

Capital Access recently helped the owners of Comfort Inn Red Bluff lower their monthly mortgage payments with a $3.7M loan through the SBA’s 504 Refinance Program. The management team wanted to refinance their debt, because they were “facing a huge balloon payment” with their existing commercial mortgage.

“We now have a lower interest rate and a fixed payment for the 20-year term of the loan,” said Surat (DJ) Deol, co-owner, Comfort Inn Red Bluff. “Now, we’re set, and after 20 years, we’ll have everything paid off.”

“My hat’s off to Capital Access for their amazing work,” said DJ. “They were on top of everything, and they worked closely with us to make sure we met our deadlines and got all of the paperwork in on time. They did a great job.”

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UK Equestrian

UK Equestrian Stabilizes Business with New Facility with $2.9 Million Project with Capital Access Group

Capital Access was thrilled to help UK Equestrian secure $2,932,972 through the SBA 504 loan program to purchase an equestrian facility in Rancho Santa Fe, CA. Owned and operated by Graeme Dixon, UK Equestrian offers hunter/jumper training and riding lessons from beginner to advanced levels. By owning his own property, Graeme can focus on the “joy of running the business.”

“Now, the possibilities are limitless,” said Graeme. “No one can take the business away from me now. I can just grow.”

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nawbo

Capital Access Group Empowers Women Business Owners with $25,000 Donation to NAWBO

Capital Access Group is pleased to announce that we have made a $25,000 donation to the San Francisco Bay Area Chapter of the National Association of Women Business Owners (NAWBO), a nonprofit educational foundation that helps women business owners achieve successful results in their professional and personal lives. The funds will be used to support […]

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DennisReiscolor

Reis Ranch expands equestrian business with purchase of 630-acre ranch in Petaluma, CA

Reis Ranch, a trusted and world-renowned horse training business, is a labor of love for husband-and-wife owners Dennis and Deborah Reis. Dennis and Deborah secured $3,475,000 in total project financing to purchase a 630-acre ranch in Petaluma, CA.  The purchase of the new ranch allows the Reises to pursue their dream of creating a world-class […]

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Capital Access Group Ranked #1 SBA 504 Lender in the Bay Area

We are thrilled to announce that Capital Access Group was ranked as the top SBA 504 lender in the San Francisco region for the first quarter of fiscal year 2017. We’re also the only CDC in the region to increase lending over the same period in 2016. Capital Access provided a total of $26,728,000 in […]

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IMG_2949

The Olive Oil Factory, LLC, purchases 92,568 s.f. building with $10.9 million in total project financing

Mike and Francine Brossier, owners of The Olive Oil Factory, LLC, (a.k.a. Sonoma Harvest Foods) secured $10.9 million in total project financing to purchase and make improvements to a 92,568 square-foot building to consolidate operations and create a new infrastructure for a hot-fill production and packing area to expand the business. Their new building is […]

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Building a Sustainable Catering Business with a 504 Loan: The Story of Left Coast Catering

Left Coast Catering owner Laurine Wickett loves to create memorable occasions, bringing people together over delicious food. She’s been doing just that for over two decades in San Francisco.

After renting in several different locations, she obtained help with a small business loan through Capital Access Group to buy a building in San Francisco’s Bayview neighborhood. Laurine was able leverage the SBA 504 program to secure $1,668,872 in total project to purchase a 5,000 square-foot building at 1400 Yosemite Ave.

“I would not have been able to afford to buy a building without the 504 loan,” Laurine said, noting the usual 20-30 percent down that a commercial lender would require.

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Gymnasts-fun

Building ownership gives San Rafael-based Gymworld “a sense of freedom.”

Capital Access Group was thrilled to help Victoria Yelensky and Lourdes Esquivel, co-owners of Gymworld, secure $2,225,300 in total project financing to purchase an 8,326 square-foot building at 3040 Kerner Boulevard in San Rafael, CA.

Victoria was born in Ukraine and was a competitive gymnast in the former U.S.S.R. and represented Ukraine in international competitions. Lourdes was born in Mexico and competed in national and international competitions on the Mexico National gymnastics team. The women founded Gymworld in 1999 to pass on their love for gymnastics and the sport’s benefits to children aged 20 months to 18 years. Together, Victoria and Lourdes created a business that is “a great asset to the community,” according to Victoria.

The women had been leasing space in the building for five years prior to purchasing. When the previous owner decided to sell, they knew they had to make their move. “The building is our competitive advantage,” said Victoria. “It has a high ceiling, skylights, and beautiful windows, and when people come in, they’re impressed and they want to start lessons. So, buying this building was critical for our business.”

“The SBA 504 loan saved us,” said Victoria. “We saved $200,000 to $300,000 on the down payment that we could use to invest in new equipment and improvements that will help us grow the business.”

“When the previous owner decided to sell the building, Victoria and Lourdes had to act fast, and they needed the low down payment, long-term financing the 504 loan program makes possible,” said Cara Rudy, Vice President, Capital Access Group. “Now they have the pride of ownership and extra space to expand the business and create more jobs in the future.”

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Young and Borlik Architects Purchases New HQ in Los Altos, CA, with SBA 504 Loan

Young and Borlik Architects, a full-service architecture firm, has been in business since 1989, primarily doing residential projects—from small additions to large estates—throughout the Bay Area. “The expectations for residential architecture in the Bay Area are very high, as is the availability for top people, and for top quality construction and materials,” said Andrew Young, CEO, Young and Borlik Architects, Inc. “It’s a great place to be doing architecture.”

But the Bay Area wasn’t the ideal place to be leasing office space. Over the years, the firm has leased three different locations and has been at the “mercy of the real estate market,” according to Young.

That all changed when Capital Access Group helped the firm secure $1,935,000 in total project financing to purchase a 2,811 square foot building in Los Altos, CA.

“We were so pleased to provide Young and Borlik Architects with the financing they needed to purchase their own building with the SBA 504 loan program,” said Jacklyn Jordan, President and CEO, Capital Access Group. “After leasing for nearly 30 years, owning the building will help the firm control costs, which will make it easier to plan for the future.”

Young said that he and his partners are thrilled with the loan and what it has allowed them to do. “Getting our own space, and getting our own building has given us the ability to plan for the future, to not be at the mercy of other economic influences,” he said.

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Aby+Smile+Road

Aby’s Custom Upholstery Secures SBA 504 Financing to Buy a Building in San Jose

Aby’s Custom Upholstery has plenty of room to grow in their new, 2,704 square foot building at 545 Horning St. in San Jose, CA, thanks in part to an SBA 504 loan from Capital Access Group.

Aby’s Custom Upholstery has been in business since 2003 serving residential and commercial customers in Los Gatos, Los Altos, Saratoga, and throughout the Peninsula and South Bay, and receiving more than one hundred 5-star reviews on Yelp.com. CEO Abigail (Aby) Figueroa has been sole owner of the business since 2012.

“Giving my employees a place that is safe and secure is important. Being able to secure my company’s location is everything,” said Aby Figueroa, CEO, Aby’s Custom Upholstery.

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Capital Access Group donates $20,000 to Renaissance Entrepreneurship Center

Capital Access Group is pleased to announce that we have provided a $20,000 grant to support the Renaissance Entrepreneurship Center. Renaissance provides business training and support services, access to resources, and networks for business owners. Capital Access Group’s grant will be used to fuel Renaissance’s women programs, access to capital workshops, and Small Business-Big Impact, Renaissance’s annual event.

“We are so appreciative of Capital Access Group’s generous grant,” said Sharon Miller, CEO, Renaissance Entrepreneurship Center. “Capital Access has an amazing, 30-year track record of supporting California small businesses. We’re thrilled to partner with them, and we’re also excited about the opportunity to collaborate with them on access to capital events. We look forward to working with them over the coming year.”

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