Marin County family business Point Reyes Farmstead Cheese wins 2019 Small Business of the Year award

Point Reyes Farmstead Cheese Company has been named 2019 Small Business of the Year by the U.S. Small Business Administration’s San Francisco District Office. The award will be presented May 8 during San Francisco’s annual Small Business Week celebration, according to a May 1 announcement by Capital Access Group. It was the SBA 504 lender […]

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Capital Access was pleased to help the owners of South Bay Allergy and Asthma Group, Inc. (SBAAG), to secure $1.8M through the SBA 504 program to purchase two contiguous condominium units in a multi-unit medical complex in San Jose, CA, to expand their business. The 504 loan, according to Anlin Xu, M.D., SBAAG’s Senior Partner “was a deal-changer,” primarily due to the low down payment.

Dr. Xu was also pleased with the service she received from Capital Access Group—and SVP and Chief Credit Officer Alan Jung in particular, who “responded fast and treated us with professionalism 100% of the time.”

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Three Brothers Furniture, a second-generation, family-owned business, buys new building in Vallejo, CA

Capital Access Group was thrilled to help Three Brothers Furniture, a proud member of the Vallejo business community, to secure $1M in financing to purchase a 22K-sf building on a 57K-sf foot parcel, to grow their business and consolidate operations under one roof.

Founded by Lew and Lora Glenn in 1952, Three Brothers has been a staple in the Vallejo community, providing good quality furniture at a fair price. Today, the company is led by Lew and Lora’s son, Gary, and his wife Julia and son Justin.

“We’re a completely family-owned business that delivers on what we say,” said Julia Glenn, Co-Owner, Three Brothers Furniture. “We believe in offering the best customer service, and we want to be able to keep growing and expanding so we can continue to be a strong part of Vallejo’s community.”

Three Brothers’ growth was constrained by a showroom that was “just getting too small,” according to Julia, plus, their warehouse was in a separate location. “The new facility, originally built as a furniture store, has a warehouse and a showroom all designed together,” said Julia. “It’s really going to be a fabulous move for us.”

When it came to financing the purchase, the choice was obvious. “If we did not go through this SBA program, there is no way we would have qualified for any other loan,” said Julia. “We had a great credit rating; we just didn’t have the down payment cash that we needed. All our equity was invested in our inventory.”

The Glenns were also amazed by the fast turnaround on their 504 loan. “We had to close the loan on this building in roughly six weeks,” said Julia. “Facilitating an SBA loan in six weeks seems unheard of, and yet Claudia (Cohen) at Capital Access Group made it so simple and so comprehensive. They really bent over backwards. We were in constant contact and it was fabulous to have that level of support.”

“In the end, we’re buying a bigger unit that enables us to sustain the business with the same expenses we had before,” said Glenn. “It’s invigorating to finally have a future we can forecast.”

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Pacific Coast Custom Interiors purchases auto repair facility in Santa Rosa and achieves a sense of security in the aftermath of the Tubbs Fire

PCCI is a family-owned business led Ryan and Evan, second-generation upholsterers who spent the early part of their lives apprenticing under their mother, Elaine Nelson, who continues to work in the business. Having the business on more solid footing was especially important for the Nelson family after the devastation wrought by the October 2017 Tubbs Fire in Northern California. Ryan and Elaine lost their homes, and Evan was displaced when the wildfire devastated their Coffey Park community in Santa Rosa.

“It feels like I’m living in someone else’s shoes,” said Ryan. “The peace of mind for our family, knowing that nobody can kick us out or raise our rent, and the stability of having that kind of long-term position in our market, for me, it’s just amazing knowing that every dollar we put into it just keeps it in our family.”

The Nelsons liked the SBA 504 loan’s low down payment and competitive interest rates, and they were also impressed with the “due diligence” they received from Jenny Tice, Business Development Officer, Capital Access Group. “Jenny is one of the best people I’ve ever worked with on any business deal or customer service-related transaction in my life,” said Ryan. “She anticipated everything possible that could complicate or slow the process down. Her due diligence, skills and knowledge, and truthful commitment to getting this done–honestly I don’t feel like it would have happened without her.”

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Founder of Genius Kids leverages the 504 program to buy an administrative facility, setting her up for growth and success

“What I liked about the whole program is not the program as much as the people—working with the Capital Access Group team—they really guide you and advise you. They’re setting you up for success.”
—Rennu Dhillon, President & Founder, Genius Kids

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Owners of Starline Social Club avoid “a catastrophic moment” by purchasing their building with SBA 504 funds before their lease expired

Capital Access recently helped the owners of Starline Social Club to secure $2.4M in total project financing to buy the building they were leasing, a three-story, 8,519-s.f., historic, Victorian building located in Oakland. Artists Adam Hatch and Drew Bennett, and restauranteur Sam White, co-founders of the Starline Social Club, are passionate about investing in the Oakland community. The trio leased the original site of the Order of Odd Fellows Lodge, an unconventional building in disrepair, and transformed it into a safe and inclusive bar, restaurant, and social art space with multiple venues and event spaces for live music, dancing, jazz, karaoke, and more, all under one roof. “As we were founding the business and renovating the space, we were excited about the idea of trying to buy the building,” said Drew Bennett, Co-Director, Starline Social Club. “A lease expiring is often a catastrophic moment for a business. When the opportunity arrived, we knew we had one shot to make an offer.” Starline’s team of business advisers recommended the SBA 504 loan, primarily for its low down payment, and referred them to Alan Jung, SVP and Chief Credit Officer at CapitalAccess Group, to facilitate the process.

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