Capital Access Group approved loans for 72 small businesses in fiscal year 2015 and finished the year as the highest volume CDC in the South Bay.
“Capital Access Group’s loan volume increased by 38% over fiscal year 2014 by dollar amount, which indicates that small businesses in California were taking advantage of the 504 program’s low down payment to preserve working capital and invest in growth in 2015,” said Jacklyn Jordan, President and CEO of Capital Access Group. “This is great news for the small business sector, which is essential to creating jobs and growing the State’s economy. Our clients who received loans in fiscal year 2015 created more than 700 jobs, which is tremendous news.”
Capital Access Group’s lending surged in Alameda, Santa Clara, and Sonoma Counties as the economy heated up throughout Northern California. The average loan size also increased in 2015. The average debenture—the SBA portion of the financing—increased from $891,150 to $1,029,319 in FY2015 over FY2014.
Capital Access Group provided SBA 504 commercial real estate loans to finance a wide variety of innovative businesses in 2015, including a rapidly expanding test preparation company, a family-owned home furnishings retailer, a custom cable manufacturing and engineering company, a woman-owned architecture firm, and many more.
“We’re so proud to support our small business clients while helping to create jobs and grow the economy one business at a time,” said Jordan.