Jacklyn Jordan, President & CEO of Capital Access Group, was recently featured in the North Bay Business Journal. She mentions recent news at Capital Access Group, a recent favorite lending story, and leaders that inspire her.Read More
Administrator Contreras-Sweet called Helen and Brooke “impact entrepreneurs” as she presented them with the SBA award on behalf of President Barack Obama at their Market Street location on Friday, May 6.
“We wanted to close out National Small Business Week celebrating entrepreneurs with a double bottom line, those who make an impact. It’s important to make a profit, but it’s more important to make a difference in a community,” she said.
The Administrator again recognized this amazing achievement and the historic milestone that the win represents, as the first LGBT business to win the award in the SBA’s history.Read More
Auxin Solar, a leading manufacturer of U.S.-made solar panels, solar mounting racks, and solar energy-producing systems, now has room to grow, thanks in part to a $10,206,540 million SBA 504 loan from Capital Access Group. The 504 loan helped Auxin Solar, Inc. to purchase a 99,576 sq. ft. building located at 6835 Via Del Oro, San Jose, CA.
“We were leasing a 27,000 sq. ft. facility, but the business is growing very rapidly, and we recognized that a year down the road we would need a larger facility,” said Mamun Rashid, co-founder, Auxin Solar. “Owning the building allows us to make infrastructure improvements, plus we are now free to install our own solar system technology to power ourselves. The building will also allow for expansion without having to relocate. Essentially the facility allows us room to grow for the future.”Read More
This morning, SBA Administrator Maria Contreras-Sweet named Equator Coffees & Teas co-founders Helen Russell and Brooke McDonnell the 2016 National Small Business of the Year! This is the first time an LGBT-owned business has won the award.
Capital Access Group nominated Helen and Brooke for the Small Business of the Year award based on the SBA 504 loan the women received in 2003 to purchase their own 5,500-square-foot roasting plant in San Rafael. Helen calls it “one of the best decisions that we’ve ever made.”Read More
We are thrilled to announce that our client, Equator Coffees & Teas, has been named 2016 Small Business of the Year for the state of California. Capital Access Group nominated Equator cofounders Helen Russell and Brooke McDonnell for the award based on the SBA 504 loan the women received in 2003 to purchase their own 5,500-square-foot roasting plant in San Rafael. Helen calls it “one of the best decisions that we’ve ever made.”Read More
Capital Access Group recently arranged $2.3 million in total project financing for Basil Leaf Café to purchase the 2,697 sq. ft. building it had been leasing since 2006. Basil Leaf Café is located at 501-521 Hartz Avenue, Danville, CA.
“The SBA 504 loan was a no-brainer,” said Dan Hawkins, President, Basil Leaf Café. “The 10% down payment makes it very attainable, especially in this area where the cost of real estate is so high. For just 10% down you can get into the market, and the long-term, fixed payments offer stability for the business. For entrepreneurs that stability is key.”Read More
Capital Access Group was thrilled to arrange $1.683 million in total project financing for Environmental Remedies, Inc. (ERI), to purchase a 14,492 sq. ft. building located at 1999 Alpine Way, Hayward, CA. This was ERI’s second SBA 504 loan through Capital Access Group.
ERI is a family-owned and operated, asbestos, lead, and mold abatement contractor that serves residential and commercial clients throughout Northern California. The new building, twice the size of their current facility, will stabilize the company’s occupancy costs and give it the room it needs to expand and function more efficiently.
“We purchased our current facility through the SBA 504 program in 2012,” said Scott Tamayo, President, ERI. “We refinanced the building last year and used the 504 program again to purchase the new building in Hayward.”
“The biggest benefit in deciding to go with the 504 loan as opposed to a conventional loan was the lower upfront costs,” said Tamayo. “For a small business like us, being able to put down 10% as opposed to at least 20% for a conventional loan – that’s a big chunk of change. It impacts cash flow and our ability to grow and hire new people.”
“Another factor in our decision-making process was the support we received from Capital Access Group,” said Tamayo.
“We were so pleased to help Scott and the team at ERI with their second 504 loan,” said Claudia Cohen, Senior Vice President, Capital Access Group. “It’s always rewarding to help a family-owned business and to support ERI’s continued growth. The SBA 504 program is ideal for small businesses like ERI that want to grow while preserving cash working capital.”
Read the full article online here.Read More
Capital Access Group (www.capitalaccess.com), a commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, announced today that it arranged $2,138,200 in total project financing for 3 Badge Beverage Corporation (www.3badge.com), formerly The Other Guys, to purchase a 9,550 sq. ft. historic fire house located at 32 Patten Street in Sonoma, CA.Read More
Golden State Assembly, a woman-owned, custom cable manufacturing and engineering company, recently purchased a 51,100 sq. ft. facility located at 47823 Westinghouse Drive in Fremont, CA, with a 504 loan from Capital Access Group. The company, led by a husband-and-wife team, has been growing by 40-60%per year—so fast that it has had to move seven times! The new, $5.5 million facility will give Golden State the space it needs to accommodate its impressive growth rate. (more…)Read More