Has your business outgrown your current facility? Is your business offering new services or growing into new markets? Community Business Finance can help your expanding business with an SBA 504 loan. Funds from a 504 loan can be used to purchase and renovate your existing building, purchase land and construct a new building, and acquire new machinery and equipment. Community Business Finance has helped many businesses get the funding to expand their facilities and create new jobs.
Westside Recycling & Auto Salvage
Souhail Adam's business has grown rapidly from a small tow truck business to a multifaceted group of businesses including tow trucks, a collision shop, and two auto storage lots. In mid 2007, Mr. Adam began researching the feasibility of opening a car salvage and scrap metal yard located in Southwest Houston. In conjunction with Wallis State Bank, Community Business Finance structured a 504 loan to build a state-of-the-art facility. Westside Recycling has grown rapidly since opening in 2009, and has created 11 new jobs. Much of the scrap metal salvaged is exported to foreign countries. The combination of Mr. Adam's entrepreneurial vision and Community Business Finance's 504 loan program have resulted in a thriving business which creates jobs in the community and enhances US exports.
John Moore Services came to Community Business Finance in 2007 seeking a new facility to provide room for growth, greater efficiencies and visibility to the market. The company had experienced tremendous growth over the years and was seeking to expand into new services and new markets. In conjunction with Woodforest Bank, Community Business Finance structured a 504 loan to build a 46,500-square-foot facility prominently located on the Sam Houston Tollway in Northwest Houston. Since opening the new facility in 2008, the business has continued its rapid growth, and the company has created 60 new jobs.