Month: June 2015

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.

“We’ve hired 30 people this year alone,” said Cesar Madrueno, President, Golden StateAssembly. “Our customers are looking for a supplier who can grow with them. The new building will allow us to serve our existing clients with room to expand to support new projects.”

“The 504 program’s low down payment gives us a reserve so we can be ready for our next project,” said Madrueno. “It’s important in our industry to have that cash available so we can ramp up quickly to serve new customers.”

“Capital Access Group was very supportive and available. It was a good experience,” said Madreuno. “If we continue growing, we’ll be back knocking on their door in three or four years.”

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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 $888,500 in total project financing for Oakland-based Anne Phillips Architecture (www.aparch.com) to purchase a 6,082 sq. ft. facility located at 3031 Adeline Street, Oakland, CA. The loan included $241,000 for a build out, and it will enable the firm to create seven additional jobs.

Founded in 1995, Anne Phillips Architecture is an award-winning, design-oriented architecture firm that provides a full range of residential and commercial services for nonprofit organizations and private clients with a focus on large residential buildings and affordable housing projects. Prior to purchasing this property, the firm was operating out of a much smaller office space in Berkeley, CA.

“We outgrew our old space years ago,” said Anne Phillips, AIA, LEED A.P, Principal, Anne Phillips Architecture. “It was really a space for four employees, but at one point we had 13 people working there. It lacked a conference room and all of the things you need to conduct an efficient and well-run business.”

“We gained 2,000 square feet in the new space!” said Phillips. “It’s hard to describe what a boost it’s given to my staff and the business as a whole. We now have an area for samples and materials, a kitchen area, and everyone has a generous work space. Clients want to see it, so it’s also creating a buzz for the business.”

“We were so pleased to help Anne and her team relocate to a larger space,” said Jacklyn Jordan, President and CEO of Capital Access Group. “Anne’s 504 loan included funds to allow her to renovate the building to meet her exacting specifications, and she now has the space the business needs to continue to grow.”

“The financing was terrific,” said Phillips. “I should be a cheerleader for the whole program and for Capital Access Group. A tremendous boost to my business and a great organization to work with—I hope I get a chance to work with them again.”

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Capital Access Group is the #1 CDC in the Bay Area for the fastest turnaround time on loan approvals for the month of May!

Capital Access Group consistently ranks as one of the top lenders for the fastest turnaround time for loan approvals. Our turnaround time of 7 days is much faster than the nationwide average of 12.5 days. In this highly competitive market, a few days can make a difference for buyers trying to secure financing.

“I’m so proud of our team of loan experts for maintaining the fastest turnaround time for loan approvals,” said Jacklyn Jordan, President/CEO, Capital Access Group. “We get our loans approved almost twice as fast as the national average, and we are the fastest CDC in Northern California. Quick turnaround time is essential for business owners trying to purchase property in the Bay Area’s competitive commercial real estate market.”

Capital Access Group to host a free 504 workshop on June 25th with the Golden Gate Business Association

Capital Access Group will host a free workshop with the Golden Gate Business Association, the nation’s first LGBT chamber of commerce, on how to grow your business with SBA real estate financing. Claudia Cohen, Senior Vice President at Capital Access; Mark Quinn, SBA District Director; and Anne Phillips, Owner, Anne Phillips Architecture will describe the program and its benefits. This free workshop is for small business owners, potential borrowers, real estate agents, commercial real estate brokers, financial planners, accountants, attorneys, architects, and anyone who wants to know more about commercial real estate ownership. Join us on Tuesday, June 25, 2015 from 7:30 – 9:30 a.m. at the San Francisco Small Business Administration District Office at 455 Market Street. To RSVP email rsvp@amsiemail.com. For more info, click here or call 415-626-8281 with questions.