Alpha Structural Celebrates Growth Following Building Purchase with SBA 504 Loan
Two years ago, TMC Financing helped Alpha Structural, Inc. purchase a property in Sunland, CA for their business. Today, Alpha Structural has much to celebrate, and attributes their growth to the building they purchased with the Small Business Administration’s (SBA) 504 loan administered by TMC Financing.
“This building is nothing short of amazing and is truly a space for a group of professionals to produce and execute the highest quality service. Because of that, we were #1758 on the Inc. 5000 List of Fastest Growing Private Companies in America, as well as #161 on the Inc. 5000 Series for California,” Alpha Structural proudly boasts on their Facebook page. “We also hit #29 on the Los Angeles Business Journal List of Fastest Growing Private Companies, and are the #1 privately held construction company in Los Angeles according to us!
“All of this was possible because we had the perfect work environment and facility to work from.”
Alpha Structural, a leader in the engineering and construction of foundation and hillside repairs, has doubled their number of employees and tripled their income since moving into their Sunland property.
“Build it and they will come,” joked Dave Tourjé, owner and CEO of Alpha Structural. “But really, it’s a beautiful building with amazing renovations. We created the space with our staff in mind. We kept a lot of original detail and added a kitchen, a staff room, gathering spaces for the employees, high quality workstations with raising desks and a giant patio for BBQing.”
Adding extra significance to the property, after Tourjé set eyes on the building to potentially purchase it, he discovered it was formerly a Security National Bank, where both his parents worked for over 30 years. Turns out his mom renovated the building for the bank back in 1979.
Property ownership carries many benefits to a small business owner and the SBA 504 Loan Program is designed to make property ownership affordable. SBA 504 loans enable a business owner to purchase, renovate, construct or refinance commercial real estate with only a 10 percent down payment and a below-market 25-year fixed rate. This financing is ideal for businesses that want to control their operating costs and retain working capital to grow their businesses.
“I’m a firm believer in owning over renting, especially when it comes to my business,” states Tourjé. “It’s the American Dream! I’m building equity, we have a sense of security, it’s beneficial with taxes, and, while I have no plans on selling, it’s my ultimate protection plan.”