Maple Trade Corporation Secures $11.5M SBA 504 Loan to Expand Paper Goods Division in Hayward, CA

Capital Access was pleased to help Maple Trade Corporation, a wholesaler of “to-go,” eco-friendly, plastic and paper food storage containers, access $11.5M to purchase a 53,413-sf warehouse building to expand operations in the U.S.

Maple Trade was founded 14 years ago by Tsing Ng, who grew up in China with a family history rooted in the manufacturing trade. Tsing always loved machines, according to his wife, Kelly Chen, CFO of the company, and he recognized the opportunity to gain a foothold in the food container industry.

Today, with environmental concerns at the forefront, Maple Trade is moving into food packaging and storage products that are eco-friendly and reduce plastic use. The new space will be integral to the growth of the company’s biodegradable and compostable paper container products division, and it will enable the company to increase its workforce by 25 percent.

The SBA 504 loan’s 90% financing combined with the program’s historically low interest rates made the purchase possible.

“We went to the bank exploring a conventional real estate loan, and the bank referred us to Capital Access Group and the SBA 504 program,” said Kelly. “The monthly payment is low, so we can afford it; and the down payment is less than the conventional loan, so we have more capital to import more goods. The SBA 504 loan helps cash flow a lot.”

Click here to read the full release.

Jacob May Designs Overcomes “Existential Threat,” Buys Property it Was Leasing

Woodworking began as a hobby for Dave Ball, whose full-time career was in environmental remediation, but after taking an apprenticeship as a woodworker, he decided to enter the field on a full-time basis. In 2013, he moved back to the Bay Area and rented a small space in a cabinet shop to start his business, Jacob May Design. Once the business started taking off, he moved to the current location, which had been a woodworking studio for more than 30 years.

But last year, the business faced an “existential threat” when the property Ball was leasing was put up for sale. That’s when he got motivated to buy it himself.

Capital Access Group helped Ball secure a $2.05M SBA 504 loan to purchase the 13,000-sf property located in Oakland’s Lower Bottoms neighborhood.

“Oakland is changing fast, and industrial space is disappearing, so I’m confident this was a good investment,” said Ball. “The main selling point was the ability to put less down, and then the rate turned out to be near an all-time low!”

“If anyone has the opportunity to acquire the property that they operate out of, I recommend making that leap, and the SBA 504 loan is a great way to go,” he said.

Click here to read the full release.