Basil Leaf Cafe Buys 2,697 sq. ft. Building in Danville, CA with SBA 504 loan from Capital Access Group
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.”
Basil Leaf Café is a full-service Italian restaurant specializing in fresh fish, salad, pasta, and homemade risotto dishes combining traditional Italian fare with seasonal California ingredients. The restaurant has been operated by local entrepreneur Dan Hawkins since 2006.
Basil Leaf Café currently employs the equivalent of 25 full-time employees, and the 504 loan will facilitate approximately five additional positions, according to Hawkins, who said that if he hadn’t exercised the option in his lease to purchase the building, “all of the jobs would have been lost. So it’s a win-win.”
“My experience working with Capital Access Group was great,” said Hawkins. “Cara was awesome, and even their attorney was incredible. They went above and beyond to help out.”
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