The San Francisco Business Times released its annual list of the largest SBA lenders. Capital Access Group finished the year as the 4th largest lender in the region, with 30 loans for a total of $34.77 million in SBA funds. The Silicon Valley Business Journal also released its annual list of the largest SBA lenders, and Capital Access Group was ranked the 4th largest lender in that region as well, with 19 loans for a total of $26.14 million in SBA funds. We are pleased to provide support to businesses in the San Francisco and Silicon Valley areas and throughout the State, to allow them to secure financing to own their own real estate, which creates jobs and strengthens the community.Read More
Victor Khedr, Owner of Five Points Tire Imports, recently secured $2.5 million to purchase two buildings at 2103 El Camino Real and 10 Manzanita Street, Redwood City, CA.
According to Khedr, “Owning property is the way to go because it’s something that will appreciate in value. I’m not throwing money away on rent anymore. This building is my retirement.”
Previously, Khedr was the owner of Ben’s Auto Tech, but when he began having difficulty with his landlord, he decided to explore opportunities to relocate or buy a new business. In 2016, he discovered that Five Points was for sale. He purchased the business, and merged it with Ben’s Auto Tech. After a successful first year, Khedr decided to exercise his option to purchase the buildings and take full ownership of Five Points. He approached his tax consultant, who told him about the SBA 504 program, and Khedr was introduced to CapitalAccess Group.Read More
Capital Access Group helped another small business owner buy a building in beautiful Point Reyes, CA.
Ken Dunaj spent ten years working as the Chief Operating Officer at Restoration Hardware before deciding to leave the corporate world. Ken and his wife, Kelli, dreamt of owning Building Supply Center, located at 11280 State Route 1, Point Reyes Station, CA. The store has been a pillar of the community for over 51 years.
The Dunajs purchased the existing Ace Hardware business from the previous owners in 2015. Capital Access Group helped Ken and Kelli to secure $2 million in total project financing to take full ownership of Building Supply Center by purchasing the 10,700 sq. ft. building.
Ken appreciated the “calm and comfortable” financing experience he had with Capital Access Group. “With traditional financing, you almost feel like you’re being judged,” said Dunaj. “The experience with Capital Access was completely different. They want you to get the financing. Claudia (Cohen) and the team helped bring our vision to life.”
“Capital Access Group helped make my family’s dream a reality,” said Dunaj.Read More
Capital Access Group recently helped Angelica Rains to secure $4 million in total project financing to purchase a commercial space in one of San Francisco’s most desirable locations. Rains, President and CEO of Groupe InSearch, a specialty executive search firm, never thought she would own her own commercial space, but after 18 years of leasing, she was growing tired of the constant rent increases. The new space, located at 631 Folsom Street, is in a prime location for her growing business.
“We were leasing the same space for 18 years, and every time our lease would expire, our rent would increase by 20, 30, even 40 percent,” said Rains. “It was a very stressful and frustrating thing to go through. Now, we’re in the middle of San Francisco’s technology hub.”
“Now, I’m paying myself rent, so I’m able to build equity not only for me but for the company. Also, I will save $100,000 in taxes just from owning my own office, which is going to create more cash flow,” said Rains, who described her experience with Capital Access Group as “amazing.”Read More
Capital Access was thrilled to provide Calitho with $3,340,000 million in SBA 504 funds to purchase a 40,000 sq. ft. vacant parcel and to build a 19,000 sq. ft. light industrial building on Stanwell Drive in Corcord, CA. The new facility completes a campus-style operation that includes four buildings within a two-block radius.
This was Calitho’s second 504 loan from Capital Access Group. Calitho Vice President Bahman Taheripour “loves” the 504 program, because of the low down payment. “When you’re in business, you need access to capital. I would rather have access to money so we can expand our business rather than tie it into the real estate as a down payment.”
“When we were ready to build the new facility, we just called Capital Access and they took care of everything,” said Taheripour. “It’s so easy, it’s unbelievable. I tell my friends who are small business owners leasing space that the best thing to do is get a 504 loan and buy their building. It makes a whole lot more sense for a small business to own the building.”
“At Capital Access, we believe building ownership changes the trajectory of a small business,” said Jacklyn Jordan, President and CEO, Capital Access Group. “The program’s low down payment, fixed-rate, long-term financing allows companies like Calitho to preserve cash and to focus on growing the business, which creates jobs and strengthens the community. Calitho has already added 20 employees as a result of the new building and expects to add an additional 25-30 employees in the next year.”Read More
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
Capital Access Group, a San Francisco-based commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, recently helped Prime Mechanical Service, Inc., purchase an 8,401 sq. ft. warehouse space located at 296 Wright Brothers Avenue in Livermore, CA. Owned by John and Sandra Eshelman, Prime Mechanical Service is a premier provider of leading edge HVAC systems and maintenance services. This is the second facility purchased by Prime Mechanical with support from Capital Access Group and the SBA 504 loan program.
In 2013, Capital Access helped Prime Mechanical purchase its first building, a warehouse space at 264 Wright Brothers Avenue, just down the street from the new location. As the business grew, the owners recognized that they would need a larger space, so they reached out to Capital Access again.
“Capital Access helped me determine what I could afford, and from there, I was able to figure out which properties I could make an offer on. That way I wasn’t spinning my wheels,” said John Eshelman, Owner, Prime Mechanical Service, Inc.
The new warehouse is larger, and it includes second-floor office space and a “full-blown sheet metal shop,” according to Eshelman. Prime Mechanical purchased the facility and absorbed the existing sheet metal business, including 10 workers. The company now employs 30 people and expects to hire an additional 10 in the next two years.
“The sheet metal shop adds to our services, and it enables us to manufacture our own duct work and accessories, bypassing the middleman and enabling us to bid on bigger jobs and take on more work with shorter downtimes,” said Eshelman.
Prime Mechanical took advantage of the IRS 1031 “like-kind” exchange, which allows tax-free swaps of one asset for another.
“Capital Access helped with 1031 exchange, too,” said Eshelman. “They were able to work with that and allow me to take the gain from the sale and transfer it over tax-free to purchase the new building.”
“We were so pleased when John reached out to us and impressed with how much the business has grown,” said Cara Rudy, Vice President, Capital Access Group. “John and his team clearly recognize the value of the SBA 504’s low down payment and low, long-term, fixed interest rate. We enjoyed helping them through the entire purchase process, including pre-approval, financing, and the 1031 exchange.”
“I just can’t express how grateful and impressed I am with Cara and her team at Capital Access,” said Eshelman. “Obviously, the 10% down payment was very appealing to me. The low down payment allowed me to free up cash flow to put toward the development of the business. The whole process was seamless and flawless. It went very smoothly, and I couldn’t be happier.”Read More
Gianmatteo Costanza and Andrew Swerdlow, were pleased to find a “different kind of lender” interested in listening to an “out-of-the-box approach” for their new business, The Laundry, an 8,950-square-foot building located at 3359 26th Street, San Francisco, CA, in the heart of the City’s Mission district.
The building, a former industrial laundry, was the inspiration for Costanza and Swerdlow’s plans to launch a flexible art space for people “who are concerned with creating and changing the world in the widest sense,” according to Gianmatteo.
The Laundry features a café with a local coffee roaster and an art gallery that is reserved for community members during the day and doubles as an event venue in the evening for workshops, lectures, immersive theatre, and events that combine art and technology.
“I have only praise for Capital Access Group,” said Costanza. “They are really good partners. Our business plan anticipated having all of these disparate elements coming together, and we would not have been able to implement the full vision without this kind of backing.”Read More
Capital Access Group’s team of hotel financing experts recently helped Kim and Michael Grech purchase the Monterey Peninsula Inn, a 38-room, 13,124 square foot inn located at 1101 Lighthouse Avenue, in Pacific Grove, CA, with $8M in financing through the SBA 504 program.
Kim and Michael formerly owned the Sunset Inn in Pacific Grove, but they wanted a larger property and couldn’t pass up the opportunity to purchase the Monterey Peninsula Inn. The timing of the deal, however, was a challenge.
“We had a very short, 45-day loan contingency, and we had to put up a large amount of non-refundable money,” said Kim. “Claudia (Cohen) and her team worked day and night to get the loan fully approval within the 45-day timeframe. Now, we have a 20-year rate on the entire project which was exactly what we wanted.”Read More
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.”Read More
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!”Read More
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.Read More
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.Read More
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.”Read More
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.”Read More