Local Kitchen in Tennessee Receives $3MM SBA Loan for Business Expansion
We are proud to have helped a local kitchen in Williamson County, Tennessee see their dreams of expanding their at-home business come to life. Focusing on gourmet homemade meals that families can conveniently purchase and then cook at home became a staple for the community and beyond. The commercial kitchen in their home no longer fit the bill and the client needed to purchase a building in order to expand and keep up with demand. Our team was able to assist the client by helping them secure a $3,022,000 SBA loan. Our expertise was able to guide the client through the expectations and requirements of SBA loan products - allowing them to close as quickly as possible.
Have a small business or would like to explore SBA loan opportunities? Contact us today to get the conversation started: https://alternativecapitalsolutions.com/funding-application/
Bakery in Utah Secures Financing for New Location Build-Out
Our team at Alternative Capital Solutions recently helped a bakery and deli owner based out of South Jordan, Utah secure a $678,000 loan. This loan will be used for the future build out of their latest restaurant location within the South Jordan market. This deal had a lot of moving parts, but we are excited to have made it to the closing table with a new client relationship and the ability to help them further with their business loan needs.
Want to learn more about Alternative Capital Solutions and how our team can develop a loan strategy that suits you and your business' needs? Submit a deal inquiry today on our website or submit the contact form. We're looking forward to speaking with you!
Get all the details at AlternativeCapitalSolutions.com.
Terry Luker Discusses Being an Advocate For Your Clients
With lending parameters continuing to tighten for small business owners across the United States, Commercial Loan Brokers are having to learn now, more than ever, the importance of being an advocate for your client and their needs as a business. Continued learning, strengthening lender relationships, educating yourself on new loan products, and increasing expertise in SBA lending will be what aids brokers when it comes to finding creative solutions for their clients.
Terry Luker has always had a passion for continued education when it comes to the Commercial Lending industry and wants to ensure that Commercial Loan Brokers are taking advantage of the resources that will make an impact with their client-base. With the Commercial Loan Broker Association's upcoming Conference & Expo this October 1-3, loan brokers in our space will have the ability to make new connections, participate in hands-on training, and leave with a renewed outlook on securing the proper strategies for their current and future clients. Give Terry's video below a listen!
Equipment Lending 101 from ACS
Opening or expanding your business often requires the acquisition of various assets you will need to run that business. Enter the business equipment loan. A business equipment loan is a type of financing specifically designed to help businesses acquire the necessary tangible assets and equipment required for their operations.
Some things that can be purchased with a business equipment loan include:
- Machinery and Heavy Equipment:
- This includes manufacturing machinery, construction equipment, agricultural machinery, and other specialized equipment required for production or operations.
- Technology and IT Equipment:
- This category encompasses servers, computers, printers/scanners, any software your company may need, or any other technology that is essential for your business to function.
- Agriculture and Forestry:
- Agriculture equipment loans include purchasing tractors, harvesting equipment, livestock/livestock equipment, irrigation systems, safety equipment, or any other assets that will be essential for the operations of the farm.
- Vehicles:
- A business may also use their equipment loan to purchase vehicles necessary for business operations such as delivery vans, trucks, specialized vehicles for services the company provides, etc.
Other items that can be purchased with a business equipment loan are office furniture & fixtures, medical equipment, restaurant and foodservice equipment, and retail fixtures and technical equipment.
Business equipment loans are typically secured by the equipment being purchased, meaning that if the borrower defaults on the loan, the lender may seize the equipment to recover their losses. Business equipment loans often offer fixed interest rates and repayment terms tailored to suit the needs of the business, allowing them to acquire essential equipment while preserving cash flow and maintaining liquidity.
If you’re looking for an equipment loan or any other type of funding for your business, let our team of experts at Alternative Capital Solutions help you find the right solution for your business. ACS is recognized as an elite funding provider with a proven track record amongst our lending partners. Learn more about why we are the best choice in business lending here.
Submit your questions or deal inquiries in our contact form located here.
Top 5 U.S. Cities for First-Time Commercial Real Estate Investors
Investing in commercial real estate can be a lucrative venture, offering opportunities for significant returns and portfolio diversification. For first-time investors entering this market, selecting the right location is crucial for success. Some key factors to think about when choosing which market to enter into are population growth, job growth, and high rental demand. Here are the top five U.S. cities that offer promising prospects for first-time commercial real estate investors:
1.) Nashville, Tennessee
Commonly known as, “Music City”, Nashville has emerged as a hotspot for commercial real estate. The city’s strong job market is fueled by tourism, finance, and healthcare, and has forced the need for more office space as well as retail space. Nashville’s business-friendly environment yields a promising opportunity for first-time commercial real estate investors. This is a prime area for not only alternative lending opportunities, but SBA products geared towards those small and/or new businesses could be an excellent route as well.
2.) Atlanta, Georgia
Known as the economic hub of the Southeast, Atlanta boasts a thriving business environment and a rapidly growing population. The city's diverse economy, which includes sectors like technology, finance, and logistics, provides ample opportunities for commercial real estate investments. Additionally, Atlanta's favorable tax environment and relatively low cost of living make it an attractive destination for businesses, driving demand for commercial properties.
3.) Austin, Texas
In recent years Austin has experienced rapid population growth, and is home to a burgeoning tech scene and a dynamic entrepreneurial culture. The city's strong job market, fueled by companies like Dell, IBM, and numerous startups, has led to increased demand for office, retail, and mixed-use developments. With a vibrant arts and entertainment scene and a high quality of life, Austin offers attractive investment opportunities for first-time commercial real estate investors. From large commercial loan opportunities to small-business ventures, the commercial lending space here is especially unique.
4.) Denver, Colorado
Situated at the foothills of the Rocky Mountains, Denver combines natural beauty with a booming economy, making it an appealing destination for commercial real estate investment. Its strategic location as a transportation and logistics hub, coupled with a diverse economy spanning industries such as aerospace, healthcare, renewable energy, and cannabis, contributes to its allure. Denver's young and educated population, alongside a burgeoning tech sector, further augur well for the future growth of the commercial real estate market. Notably, Denver's cannabis industry stands as a trailblazer in the landscape of legalized marijuana since the state's landmark legalization of recreational cannabis in 2012. Emerging as a leading destination for cannabis enthusiasts and entrepreneurs, the industry continues to thrive, significantly contributing to the city’s economy.
**It is important remember that the cannabis laws vary by state
5.) Seattle, Washington
Home to tech giants like Amazon and Microsoft, Seattle has become synonymous with innovation and economic growth. The city's thriving technology sector, combined with a highly skilled workforce and a culture of entrepreneurship, has led to sustained demand for commercial real estate properties. From office buildings in the bustling downtown area to mixed-use developments in vibrant neighborhoods, Seattle offers diverse investment options for first-time commercial real estate investors seeking exposure to a dynamic and rapidly evolving market.
These five U.S. cities present attractive opportunities for first-time commercial real estate investors looking to enter the market. From Atlanta's diverse economy to Seattle's tech-driven growth, each city offers its own unique advantages and potential for success. However, as with any investment, thorough research and due diligence are essential to making informed decisions and maximizing returns in the competitive commercial real estate landscape.