SBA 504 IN ACTION ON MAIN STREET: CONSTRUCTION INDUSTRY

Our business is helping build small businesses, and sometimes that means helping businesses that build. The construction industry is dynamic and varied, from custom home builders and commercial construction companies to specialty artisans that provide finishing architectural touches. Bay Area Development has had the honor of delivering SBA 504 funding insight and expertise to many such clients throughout California over the years, including these three:

A San Francisco-based solar company found itself needing to pull back on business development because their existing, leased location couldn’t accommodate more demand. With SBA 504 funding they were able to purchase a building less than 500 feet from their existing home. Better yet, the property more than triples their operating space so they can say yes to new business opportunities, and owning instead of leasing is a solid investment in the company’s future.

Our Mendocino County client reached out to us for assistance consolidating two of its four leased locations. The metal fabrication company had grown considerably over time and having multiple locations was not efficient or economical. Through this SBA 504 project, the business purchased a 133,800 square foot building that offers everything the client needs – warehouses, ample storage, parking and yard areas, and office space – to continue growing well into the future.

In the Central Valley, we assisted a client that was launching a remodeling and home repair business. This entity was a new division of their existing company, and the client’s goal was to purchase a facility dedicated to the new venture. The project delivered the separation the client desired and the new property is conveniently located less than four miles from the original business.

In addition to providing below market funding for commercial property acquisition, SBA 504 loans can also be used to purchase heavy equipment, which is essential for the continued growth of many companies in this industry. By delivering access to this optimal funding, we help construction-related clients build their companies and achieve their goals. Contact us to learn how we can do the same for you!