SBA 504 IN ACTION ON MAIN STREET: TRANSPORTATION & AUTO RELATED
SBA 504 IN ACTION ON MAIN STREET: TRANSPORTATION & AUTO RELATED
Did you know the SBA has over 20 industry categories for the small businesses its programs support? Each one plays an important role in making America’s “Main Streets” dynamic places where you can shop, play, and find the services you need. Over the years we have had the honor of working with thousands of entrepreneurs who fuel these companies, and that includes those in the transportation and auto related industry.
Our Santa Rosa-based client first worked with us in 2022 to secure funding to purchase his towing company’s headquarters. Since that time, the business has grown significantly, thanks in part to the fact that it offers 24/7 service, can tow electric vehicles, and is the only company in the area with a medium-duty rollback truck. It was a privilege to work with this client again, helping him purchase a 67,120 square foot lot that will be used for yard space to securely store his growing fleet and other vehicles.
Not all vehicles have four wheels. We recently assisted a motorcycle dealership in San Jose that has operated from the same leased location since opening its doors in 2014. When our client had the opportunity to exercise first right of refusal to purchase the property, we helped secure SBA 504 funding to make it happen. This ensures the dealership can remain in the same familiar space, which is ideally located for visibility and customer convenience.
The SBA 504 program was created specifically for small business growth and can be used for more than commercial property acquisition. Loans can also finance the heavy equipment needed to keep companies in this industry sector moving down the road. Our team is here to offer more than below market, fixed rate, SBA-backed financing; we deliver advice that is rooted in our knowledge gained from working with clients in your specific industry. Contact us today and let’s work together to achieve your growth goals.
