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 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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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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