The San Francisco Business Times released its annual list of the largest SBA lenders in the Bay Area in fiscal year 2017. Capital Access Group finished the year as the 4th largest lender in the region, with 30 loans for a total of $34.77 million in SBA funds. The Silicon Valley Business Journal also released its annual list of the largest SBA lenders, and Capital Access Group was ranked the 4th largest lender in that region as well, with 19 loans for a total of $26.14 million in SBA funds. We are pleased to provide support to businesses in the San Francisco and Silicon Valley areas and throughout the State, to allow them to secure financing to own their own real estate, which creates jobs and strengthens the community.
Month: December 2017
Capital Access Group helps business owner take full ownership of Five Points Tire Imports in Redwood City
Victor Khedr, Owner of Five Points Tire Imports, recently secured $2.5 million to purchase two buildings at 2103 El Camino Real and 10 Manzanita Street, Redwood City, CA.
According to Khedr, “Owning property is the way to go because it’s something that will appreciate in value. I’m not throwing money away on rent anymore. This building is my retirement.”
Previously, Khedr was the owner of Ben’s Auto Tech, but when he began having difficulty with his landlord, he decided to explore opportunities to relocate or buy a new business. In 2016, he discovered that Five Points was for sale. He purchased the business, and merged it with Ben’s Auto Tech. After a successful first year, Khedr decided to exercise his option to purchase the buildings and take full ownership of Five Points. He approached his tax consultant, who told him about the SBA 504 program, and Khedr was introduced to CapitalAccess Group. Click here to read the full press release about Five Points Tire Imports.