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Brian Eby secures $2 million in total project financing through the SBA 504 program. The funds were used to purchase a warehouse located at 26 20th Street in Richmond, CA. The acquired property replaced their leased space, enabling the company to significantly reduce their monthly occupancy costs. The purchase has also given Eby a sense of security and peace of mind in the face of chronically elevating rental rates in the Bay Area.
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(English)
Alfredo Gonzales, owner of Arch Plumbing, utilized the SBA 504 Program to purchase a 3,629 square foot building located at 3450 3rd Street in the heart of industrial San Francisco for $1.425M. Buying his building through the SBA 504 loan program has played a huge part in the success of Alfredo’s business!
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(English)
The Bay Area is most commonly known as a hub for technological innovation. However, these advancements have also caused Northern California manufacturing industries to flourish. The manufacturing sector is being driven by information exchange, customized automation and digitization.
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(English)
For small to mid-sized businesses that are growing or expanding, SBA loans are a vital source of capital for fixed asset investment, as well as advocacy and guidance.
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(English)
Bear Label Machine, Inc Buys their Building with an SBA 504 Loan from TMC. Bear Label Machine, Inc is a family run business that strives to provide customers with high quality and dependable label machines.
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(English) Each year, TMC board members and staff celebrate the success of the SBA 504 loan program by visiting recently funded properties. For 2016, the tour included two Oakland businesses: Rock The Bike and Four Barrel Coffee.
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See how TMC’s SBA 504 loan program helped these business owners control occupancy costs.
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(English)
“Owning is really the way to go because you get to depreciate the building in a tax-advantaged way,” says Stephen Pixley, owner of AutoCrib, Inc., who purchased a $7.75 million manufacturing facility with the help of TMC’s SBA 504 loan.
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