Featured Client Success Story: New Facility Will Enable Golden State Assembly to Create 40 New Jobs in Fremont

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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