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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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Beer entrepreneurs have turned to the Small Business Administration’s (SBA) 504 program to expand their companies because the terms are typically significantly more attractive than conventional financing. The SBA 504 Loan is specifically designed to help small businesses with their expansion.
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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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