Non-Bank Lender and AmPac CDC Team Up to Make a $375,000 Dream Come True
NonBank Lender, a Stonebriar Commercial Finance company, provides $375 thousand 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.”
NBL worked diligently with the Borrower and CDC to construct a creditworthy project where others had simply dismissed the request. NBL deployed its entire team to provide fast and efficient execution without regard for the size of the transaction. Travis Bell, NBL Loan Officer added, “An enjoyable aspect of my job is learning about each Borrower and using that time to develop a tailored financing solution. Each loan closing is an affirmation that I have filled a need and helped yet another small business. This project is no different, I am excited to see our Borrower’s continue to grow and look forward to helping them in the future.”
About Stonebriar Commercial Finance
Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation and Eldridge Industries, Stonebriar is building a world-class, multi-billion dollar platform of commercial loans and leases. Stonebriar specializes in transactions for businesses in a wide variety of industries (NBL– Small Business, Business Aviation, Rail Leasing, Marine, Transportation, Manufacturing, Energy, etc.) throughout the entire credit spectrum located in the United States, Canada, and select other foreign jurisdictions. To learn more about Stonebriar Commercial Finance or NonBank Lender go to www.stonebriarcf.com or www.nonbanklender.com respectively.