AmPac Borrowers Create Success
Highlights Loan Purpose: Inventory Location: Los Angeles, CA Industry: Banking and Finance Project Cost: $75,000Supported by the California State Guaranty AmPac Business Capital provides a working capital loan to woman owned, start up business in Los Angeles area. Borrower used her industry experience in alcohol sales to create an American…Read More
Fast Facts Loan Purpose: Refinance with cash out of operating expenses Third Party Lender: Morgan Stanley Bank Location: Long Beach, CA Industry: Banking and Finance Project Cost: $2,680,000 Property: 6,780 square feet Jobs Created: 7-10 employees Anju and Sanil Garg know the banking and ABL (asset-basedlending) industry very well. With…Read More
SBA 504 loan helps two business owners purchase 175,000 sq.ft. warehouse Fast Facts Loan Purpose: Purchase of an industrial warehouse (real estate acquisition) Third Party Lender: Bank Five Nine Location: Montclair, CA Project Cost: $13,200,000 Property: 175,000 square feet Jobs Created: 15 employees At first glance, a crawfish distributor and…Read More
With the SBA 504 Loan, couple fulfills dream of owning a winery in Placerville, CA Fast Facts Loan Purpose: Start-up, Special Use Property Location: Placerville, CA Project Cost: $2,128,000 Financing: 80% Financing, 3.02% 25 year fixed rate Jobs Created: 2 Jobs Retained: 4 The borrower and his wife had dreamed…Read More
Fast Facts Loan Purpose: Ground-up construction of an 840 unit climate controlled self-storage facility Location: El Centro / Imperial Valley Project Cost: $9,300,000 Property: 4.6 acres Financing: 85% Financing, no additional collateral needed. Start-up business, projection based. 6 months payment forgiveness. 2.88% 25-year fixed rate SBA 2nd TD. Jobs Created:…Read More
Feeding the Dream and the Community Entrepreneurs have seen their business dreams crushed and many have closed their business doors permanently due to COVID-19. A report by Stanford Institute for Economic Policy Research indicates the number of active business owners in the United States plummeted by 3.3 million or 22…Read More
Acra Industries, Inc. Needed Financing to Expand Dharmesh David Patel has been well-versed in the mechanical engineering industry for as long as he can remember. After starting Acra Industries and expanding it into a metal fabrication business in 2006, David and his wife found themselves to be truly living the…Read More
Jerky Manufacturer Reaches New Markets with New Building When Susan Kang and her partner took over the jerky company in Grand Terrace, their office was housed in a small trailer where the office staff barely had passing room and each shared a desk. The manufacturing space was less than conducive…Read More
Supermarket in South Los Angeles to Expand Healthy Food Offerings As part of its Healthy Food Loan Program, AmPac funded a local supermarket in south Los Angeles to promote healthy food offerings in a local community that is considered a food desert. The borrower obtained a low interest $30,000 loan…Read More
Faith-Based Small Business Summit Panelist News Nathan Westwick, owner of Wild Goose Coffee Roasters and one of the panelists at last year’s Faith-Based Small Business Summit, recently announced that his Redlands-based warehouse facility now has a dedicated tasting room. “We are still a wholesaler, but we have had enough people…Read More
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