{"id":22340,"date":"2023-09-18T09:37:25","date_gmt":"2023-09-18T16:37:25","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=22340"},"modified":"2023-09-26T09:12:06","modified_gmt":"2023-09-26T16:12:06","slug":"south-county-plumbing","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/south-county-plumbing\/","title":{"rendered":"Taking the Plunge: How South County Plumbing Transformed Their Business with an SBA 504 Loan"},"content":{"rendered":"

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Rancho Santa Margarita, CA<\/strong> – South County Plumbing, Inc<\/a>., a family-owned business renowned for service and repair recently acquired a 5,270-square-foot facility through the Small Business Administration’s (SBA) 504 Loan Program<\/a>. This $2.5 million purchase, located at 29812 Avenida De Las Banderas, not only enhances the company\u2019s operational capabilities but guarantees fixed occupancy costs for 25 years.<\/p>\n

Founded in 2011 by husband-and-wife Rob and Caprice Cortinas, South County Plumbing specializes in service and repair in HOA settings. With well over 50 years of plumbing experience, they’ve honed their ability to effectively discern between HOA and homeowner responsibilities, an essential skill in the plumbing industry.<\/p>\n

Transitioning from Leasing to Owning: The Pathway to Success<\/strong><\/p>\n

The Cortinas’ had outgrown their leased location and were facing the possibility of having to rent two suites to accommodate their expanding business.<\/p>\n

“This new facility is a game-changer for us,” said Rob Cortinas, President of South County Plumbing. “It offers everything from additional office\u00a0 and warehouse space to more parking for our service vans.\u201d\"\"<\/a><\/p>\n

The property’s parking lot alleviated some concerns about equipment security.<\/p>\n

“The gated lot at the new facility enhances the safety of our equipment,” added Caprice Cortinas, Secretary of South County Plumbing. \u201cWe pride ourselves on punctuality and quality customer service and\u00a0 the acquired space helps us to reach our operational potential.\u201d<\/p>\n

Advantages of TMC Financing\u2019s SBA 504 Loan<\/strong><\/p>\n

The SBA 504 loan is specifically designed for small business owners to purchase, construct, or refinance commercial real estate with below-market rates, fixed for 25 years. Most for-profit businesses are eligible, and recipients are typically required to occupy at least 51% of the acquired property<\/a>.<\/p>\n

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Jennifer Davis, TMC Financing<\/figcaption><\/figure>\n

Jennifer Davis<\/a>, senior vice president with TMC Financing explains, \u201cThe 504 loan is the perfect financing option for entrepreneurs looking to buy owner-occupied property. Rob and Caprice were able to purchase their new building with only a 10% down payment, allowing them to reserve working capital for future expenses.\u201d<\/p>\n

The Cortinas’ were extremely grateful for the professional guidance they received throughout the entire loan process.<\/p>\n

“Jennifer Davis and her team were invaluable,” said Caprice. “We were impressed by her responsiveness, patience, and most notably her industry knowledge. Jennifer even connected us with an insurance agent to help us cross the finish line.\u201d<\/p>\n

The Future of South County Plumbing<\/strong><\/p>\n

With plans to expand their staff and services, the Cortinas’ view their new property as a foundation for future growth. The facility not only guarantees stable occupancy costs, but also allows South County Plumbing to better serve its customer base.<\/p>\n

\u201cWe are not just thinking about next year, we are planning for the next 2 decades,\u201d Rob Cortinas concludes. \u201cThis move supports our company values and represents a long-term commitment to our valued clients.\u201d<\/p>\n\r\n\t

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Rob Cortinas<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t
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Caprice Cortinas<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t
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TMC staff visit South County Plumbing<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t
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Steve Beeler (service manager) & Jennifer Davis<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t
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Jim Wynne (broker) & Rob Cortinas<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\r\n\t\t\t\t
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South County Plumbing showing the TMC staff the new property<\/div>\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t
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