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Updates from AmPac TriState CDC
"Your Champion for Small Businesses of All Sizes"
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AmPac Tri-State CDC Awarded Top 504 District CDC of the Year
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SANTA ANA, Calif.
- Lenders from across Southern California participated in the SBA Orange County / Inland Empire (OCIE) District Office’s Lender Forum hosted by the Orange County / Inland Empire Regional SBDC and held at the Santa Ana DoubleTree by Hilton on August 7, 2017. In attendance were more than 120 members of the local lending community, SBA’s funded resource partners, and SBA leadership.
Awards were given to a variety of SBA lending partners as follows:
• TOP LENDER TO WOMEN ENTREPRENEURS IN 2017 – BANK OF HOPE (14 @ $7.4mm)
• CREDIT UNION OF THE YEAR 2017 – KINECTA FEDERAL CREDIT UNION (6 @ $1.9mm)
• TOP COACHELLA VALLEY COMMUNITY LENDER OF THE YEAR 2017 – RABOBANK, N.A.
• COMMUNITY ADVANTAGE LENDER OF THE YEAR 2017 – CDC SMALL BUSINESS FINANCE (17 @ $2.8mm)
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TOP 504 DISTRICT CDC OF THE YEAR 2017 – AMPAC TRI-STATE CDC (19 @ $16.8)
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NonBank Lender and AmPac CDC Team Up to Make a $375,000 Dream Come True
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NonBank Lender, a Stonebriar Commercial Finance company, provides $375,000 commercial real estate construction loan helping small business to move into first office by providing purchase and buildout financing in Southern California.
NonBank Lender (“NBL”) has provided construction financing of 1,898-square foot commercial office condominium in Lake Elsinore, California. The construction and permanent real estate loan, supported by the US Small Business Administration 504 loan program, will enable the borrower to build out an office condominium to support their growing import and distribution company.
Curtis Valenzuela, NBL President, stated, “Sometimes the best things come in small packages. This project, while small, provided a tremendous opportunity to showcase NonBank Lender’s commitment to small business. Larger projects get much of the attention, but most of those businesses needed a much smaller credit approval along the way. We are proud to be the first “Yes” for another growing business.”
“The SBA 504 program is an Economic Development Program, which is intended to provide broad support to the entire business community,” added Hilda Kennedy, President of AmPac Tri-State CDC (“CDC”), “We enjoy working with NBL because they truly understand the 504 program and have a strong corporate vision to make a difference for small businesses big, small and in between.”
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Loan for Architectural Design Firm
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Building Size:
4,500 Sq. Ft.
Lot Size:
7,500 Sq. Ft.
Year Built:
1956
Sales Price:
$1,520,000.00
The Business
- Minority, woman-owned small business
- Legal Permanent Resident (LPR status)
- Newly formed company established in November 2015
- Specializes in architectural residential and commercial design
- LA based company with projects in California and China
The Building
- Located in Los Angeles, Westlake area
- 4,500 sq. ft. office building
- Interior and exterior improvements planned
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Deal Approved for Real Estate Pro
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Building Size:
940 Sq. Ft.
Lot Size:
871
Sq. Ft.
Year Built:
19
79
Sales Price:
$
209
,900.00
The Business
- Owned by 2014 UCLA graduate; established as an S-Corporation on April 8, 2013
- Specializes in real estate sales and services as well as making renovations to properties before sale
- Property type sold: first-time home buyers, single family and condos, investor/income, commercial and apartment buildings, etc.
The Building
- 940 sq. ft. industrial, flex-space condo
- Located in Ventura, CA at the Sherwin Ave. Industrial Park
- Also located near the 101 freeway in the heart of Montalvo, making it easily accessible to agents and buyers
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Low Interest MicroLoan for Riverside Business
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Loan Amount:
$32,250
Borrower Injection:
$0
The Business:
- Baja Asian fare inspired food truck in the city of Riverside, California
- In the past 10 years, operated as a food vending business and is now in position to merge business to a brick and mortar
- Trolley reminiscent of California's history during the Gold Rush
- Menu consists of tacos, fresh Angus burgers, quesadillas, baja bowls, grilled cheese sandwiches, spicy jumbo wings, etc.
- Also provides catering services available for festivals, concerts, corporate events and meetings, fundraisers, sports events, etc
About the Loan:
- No cash injection required
- Loan funds will be used for working capital as well as to lease a storefront on Market St., buy equipment and inventory to supply the location, and pay off personal debt
- Funded with 6 year fixed interest of 6.50%!
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10th Annual Connecting Faith & Business Summit Happening October 12, 2017
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The 10th Annual Connecting Faith & Business Summit will be like none other. The event will kick off at 3:00 p.m. with workshops on winning in business and inspirational messages on winning for life, along with information and resource-rich vendors. Following the speakers, the Summit will feature a networking reception and a celebratory dinner reflecting on the winners of the past Connecting Faith & Business Awards; and the announcement of the 2017 winners.
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AmPac TriState CDC | (909) 915-1706 | www.ampac.com
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