Meet two of Capital Access Group’s latest borrowers, Julia and Johannon Olson, co-owners of Treehut, a design and manufacturing company that handcrafts watches and eyeglasses made of real wood. Capital Access recently helped the husband-and-wife team secure financing to purchase a 7,333-sq. ft. industrial-warehouse building in the center of the city’s thriving South of Market neighborhood.
Over the past four years, Treehut experienced exponential growth. Julia and Joh started operating Treehut out of their basement, and then moved the business twice to accommodate its growth, but leasing space was never a long-term solution.
“We are a manufacturing business, which requires us to customize the space to fit our needs,” said Julia. “Not a lot of landlords are fans of renting space to us for that reason, so we decided it was time to purchase property. Now we have the flexibility to make the space the best use for our manufacturing facility.”
Julia and Joh were attracted by the 504 program’s low down payment, but the low interest rate and repayment plan really won them over. “We shopped around, and this loan offered the best interest rate overall,” said Julia. “And the repayment plan was really clear for the SBA loan compared to other commercial loans. What if one day we really need to sell the building and move on to a new building? This will give us more flexibility to move on into a bigger building eventually.”
Julia and Joh were also impressed by Capital Access Group’s advocacy on their behalf. “I think the feeling that came up was that of having an advocate,” said Joh. “It’s relatively complex and they were working with us and for us, trying to let us manage our business and shield us from some of running around whenever they could.”
Click here to read the full press release Treehut.