San Francisco, CA,
May 8, 2017 (Newswire.com) –
Capital Access Group (www.capitalaccess.com), a commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, recently helped Win-Win Tek Ventures (http://forsysinc.com/) to secure $12,906,365 in financing to purchase a 103,955-square-foot building located at 691 South Milpitas Boulevard, Milpitas, CA. Win-Win Tek Ventures is a cloud and analytics software and IT services company that creates business-ready solutions for a wide range of clients, including Oracle, Salesforce, and many others. Win-Win currently employs 150 people and hopes to create another 150 jobs as a result of the growth enabled by the new building.
“The new building will allow us to consolidate our current operations, expand our business model, and take our organization to the next level,” said Jayaprasad (JP) Vejendla, CEO, Win-Win Tek Ventures. “Having a building will give tremendous confidence to the people who want to work with us. Clients, employees, and business partners will have confidence that we have a long-term strategy.”
“This small business loan program allows entrepreneurs like us to scale up to the next level. Frankly, if the 504 program wasn’t available, we would continue running the business as we do now, with no growth, no additional employment, and no contribution to the local economy.”
Win-Win’s ambitious growth strategy would not be possible without the SBA 504 loan, according to JP.
“The 504 program offers a unique opportunity for companies like ours,” said JP. “This small business loan program allows entrepreneurs like us to scale up to the next level. Frankly, if the 504 program wasn’t available, we would continue running the business as we do now, with no growth, no additional employment, and no contribution to the local economy.”
“We were so pleased to help Win-Win secure the funds they needed to purchase this building,” said Cara Rudy, Vice President, Capital Access Group. “The building will stabilize the business and allow it to scale services, which in turn contributes to the economy. Win-Win projects that it will create up to 150 new jobs as a direct result of this purchase.”
Win-Win is a fan of the SBA 504 program as well as the service provided by Capital Access Group.
“Cara (Rudy) and everyone at Capital Access Group did an amazing job supporting us throughout the process,” said JP. “They were absolutely awesome. It was an incredible experience for us.”
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 4.62%, fully amortized and fixed for 20 years. For more information, please visit www.capitalaccess.com.
Source: Capital Access Group