Capital Access Group Announces Fiscal Year 2015 Results; SBA 504 Lender Helped 72 Businesses Access $78,111,000 in SBA Funds Creating More Than 700 New Jobs Across the State
Capital Access Group released its fiscal year 2015 results today. Capital Access Group approved loans for 72 small businesses throughout California and finished the year as the #2 lender in the San Francisco District Office Region and the highest volume CDC in the South Bay. Capital Access Group's loan volume increased by 38% over fiscal year 2014 by dollar amount, and the number of loans increase
San Franisco, CA - California, November 4, 2015 (Newswire.com) - Capital Access Group (www.capitalaccess.com), a commercial real estate lender specializing in U.S. Small Business Administration 504 financing for growing businesses, released its fiscal year 2015 results today. Capital Access Group approved loans for 72 small businesses throughout California and finished the year as the #2 lender in the San Francisco District Office Region and the highest volume CDC in the South Bay. Capital Access Group’s loan volume increased by 38% over fiscal year 2014 by dollar amount, and the number of loans increased by 4% from 69 to 72 loans.
“Capital Access Group’s loan volume increased by 38% over fiscal year 2014 by dollar amount, which indicates that small businesses in California were taking advantage of the 504 program’s low down payment to preserve working capital and invest in growth in 2015,”said Jacklyn Jordan, President and CEO of Capital Access Group. “This is great news for the small business sector, which is essential to creating jobs and growing the State’s economy. Our clients who received loans in fiscal year 2015 created more than 700 jobs, which is tremendous news.”
"With more than 30 years of experience with the 504 program, borrowers know they can count on our team of experts to provide the highest quality customer service while delivering a fast, seamless and unbeatably responsive loan application process. We're so proud to support our small business clients while helping to create jobs and grow the economy one business at a time."
Jacklyn Jordan, President and CEO, Capital Access Group
“We saw two other major trends in fiscal year 2015. First, 504 lending surged in Alameda, Santa Clara, and Sonoma Counties as the economy heated up throughout Northern California,” said Jordan. “We also saw a substantial increase in loan size. The average debenture — the SBA portion of the financing — increased from $891,150 to $1,029,319 in FY2015 over FY2014.
Capital Access Group provided SBA 504 commercial real estate loans to finance a wide variety of innovative businesses in 2015, including a rapidly expanding test preparation company, a family-owned home furnishings retailer, a custom cable manufacturing and engineering company, a woman-owned architecture firm, and many more.
About Capital Access Group: Capital Access Group is a leading statewide Certified Development Company based in San Francisco, authorized by the U.S. Small Business Administration to provide long-term, fixed-rate financing through the SBA 504 loan program, which offers 90% financing to business owners for the purchase, renovation, or construction of commercial real estate for their growing businesses. Founded in 1981, Capital Access Group has helped thousands of entrepreneurs grow their businesses and realize their dreams of owning their own buildings. Currently, the SBA 504 interest rate is 4.80%, fully amortized and fixed for 20 years. For more information, please visit www.capitalaccess.com.
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