Capital Access Group Named California's "Fastest Turnaround" 504 Lender by the U.S. Small Business Administration
Capital Access Group is being recognized as the fastest Certified Development Company (CDC) in California for turnaround times on SBA 504 loan approvals, and in the Top 10 in the entire country, receiving a 4-star rating—the highest rating available—from the SBA for its work.
San Francisco, CA, April 6, 2016 (Newswire.com) - Capital Access Group (www.capitalaccess.com), a commercial real estate lender specializing in U.S. Small Business Administration (SBA) 504 loans for growing businesses, is being recognized as the fastest Certified Development Company (CDC) in California for turnaround times on SBA 504 loan approvals, and in the Top 10 in the entire country, receiving a 4-star rating—the highest rating available—from the SBA for its work.
Capital Access Group turns loans around in an average of 5.2 days, almost half the time compared to the national average of all CDCs of 9.6 days. The average is based on the 6-month period ending on Feb. 29, 2016.
"Capital Access Group made the everything very, very easy, and really walked us through the process. I think the education was the most helpful part of the process. That, and (Capital Access Group's) interest in our business."
Helen Russell, Co-Founder, Equator Coffees & Teas, Inc.
"In California's competitive commercial real estate market, quick turnaround time is essential,” said Jacklyn Jordan, President and CEO of Capital Access Group. "Our loan experts understand that a few days can determine whether or not you get the building you want for your business, and they do everything possible to facilitate the most efficient loan process for our borrowers.”
“Capital Access Group made the everything very, very easy, and really walked us through the process,” said Helen Russell, Co-Founder, Equator Coffees & Teas, Inc. “I think the education was the most helpful part of the process. That, and (Capital Access Group’s) interest in our business.”
Capital Access Group has won its share of accolades: Last year, the SBA recognized the lender as the Bay Area’s fastest 504 lender for loan approvals, and ranked it as the top SBA 504 lender in San Francisco’s South Bay Area for the first quarter of fiscal year 2015, based on the dollar amount of loans made in the South Bay. More recently, one of Capital Access Group’s borrowers, Equator Coffees & Teas, was selected as the SBA’s 2016 Small Business of the Year for California and the SBA San Francisco District Office’s Small Business of the Year for 2016.
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 4.55%, fully amortized and fixed for 20 years. For more information, please visit www.capitalaccess.com.
