Success Stories
Louisiana Capital CDC and the SBA 504 Program are the perfect fit for your bank and borrower when it comes to lower down payment, longer term and fixed rate real estate financing. Call us today to find out how!
Featured SBA 504 Loan Projects
CARMICHAEL'S HONEY
Beekeeping has been a part of the Carmichael family for three generations, starting with Nathan Carmichael’s grandfather in the early-to-mid 1900's. The craft was passed down to Nathan's father, who began to keep bees commercially in 1989, when Nathan was just three years old. By the time Nathan was five, he had his own bee suit and began accompanying his dad to the hives and by the time he was 8, Nathan had purchased his own hive from his father.
Nathan initially sold the honey he harvested to neighbors, family, and friends and by 2013, Carmichael's Honey LLC was born. He started with 50 hives of his own, but as sales took off, he began buying bulk honey from other producers such as his father. By the second year of operations, Carmichael's Honey was found in local and regional grocery stores and today is sold in over 2,000 retail stores across ten states.
During 2020, permanent financing was secured through Rayne State Bank and Louisiana Capital CDC, Inc. via the SBA 504 loan program for the purchase of a larger facility to serve as the new home for Carmichael's Honey plus equipment to expand their operations to include bottling and distribution of their many products.
Southern Family Medicine, LLC
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With the help of the SBA 504 loan Program, Southern Family Medicine, LLC was able to construct a new 2,460 sq ft facility in the rural parish of St. Landry; offering locals access to basic health care services within their community.
Angela Goins, owner-operator of the new family medicine clinic, has been practicing as a Board Certified Family Nurse Practitioner since 2001. This project promotes women owned business, business in rural area, and created over 4 new jobs.
Marketplace Chevrolet Buick
Louisiana Capital along with banking partner, Red River Bank, recently closed on the permanent loan for Marketplace Chevrolet Buick allowing them to open a new, larger, 24,000 plus square-foot facility. Owners James Lynch and John Adam's vision for growth into a new state-of-the-art facility became reality with the opening of the new location on I-49 at the Stonewall exit in Stonewall, LA in the fall of 2015.
Serving DeSoto Parish and the surrounding areas in Northwest Louisiana for over 25 years, Mansfield Auto World is now Marketplace Chevrolet Buick, North Louisiana's most dynamic Chevy, Buick, and used car dealership.
"Red River Bank along with Louisiana Capital CDC, introduced a financing product that was a perfect fit for our new project. By using the SBA 504 Program, we were able to take advantage of a lower down payment requirement and fixed rate financing option for a longer period of time. We are very excited to start this new phase of our growth and we are proud of our new partnership with Red River Bank, Louisiana Capital CDC and the SBA." says James Lynch.
Commercial Lender, BJ Robison of Red River Bank says "Being able to offer our clients options for long-term financing is a big plus for our bank. For this project, the lower down payment, longer term, fixed rate that 504 offers was attractive to our borrower. Getting Louisiana Capital involved early on in the process was key to the quick five-day SBA approval turnaround."
Martin Family & Cosmetic Dentistry
Dr. Brandon Martin graduated from LSU School of Dentistry in 2005.
In pursuit of owning his own practice, he moved to Lafayette in January of 2010 and opened Martin Family & Cosmetic Dentistry in a small leased space. In a short period of time, he experienced phenomenal growth and realized he would soon need more space to keep up with demand. The next logical step for him would be an investment in his own business with the purchase of land and construction of a new facility. The search began for a new location and for financing. After meeting with Kevin Romero of Rayne State Bank and learning
more about the SBA 504 loan program offered through Louisiana Capital, Dr. Martin realized this owner occupied, commercial real estate, permanent financing offer was the right fit for him and his young, growing company.
Dr. Martin says that "having the option to lock in a low rate and stretch out payments over a longer period of time for such a large capital outlay was key - the financing package from the bank and Louisiana Capital allowed me to build and own my own facility sooner than I originally thought possible."
"We are happy to partner with Louisiana Capital to offer our commercial customers a financial product with real benefits," says Kevin Romero at Rayne State Bank. "Long-term competitive market financing enables small businesses to conserve working capital and, at the same time, obtain funding for their long-term expansion plans. Louisiana Capital and SBA 504 was the perfect fit for our customer's permanent financing needs."
Louisiana Capital has partnered with lenders and borrowers since 1983, offering a low down payment, fixed rate, long-term, permanent financing option for owner occupied real estate transactions.
Olympian Machine
In the early months of 2007 Olympian Machine was only a dream. It wasn't until South Louisiana Bank teamed up with Louisiana Capital CDC with financing options that Olympian's dream started to become a reality. With George Robichaux, Senior Vice President of South Louisiana Bank utilizing the SBA 504 program to stabilize the financing requirements, Olympian Machine was able to implement its business plan and vision for a newly created market niche in precision manufacturing of down hole oilfield tools.
By using the SBA 504 program, Olympian Machine opened its doors in April 2007 and has now grown to two state of the art
manufacturing facilities in Gray, LA and Katy, TX. Olympian Machine offers a wide range of manufacturing options with 24 hour operations in both facilities. As per George, "SBA 504 was a great fit for our bank as our equity position relative to collateral was at 50% and for our borrower as the program allowed them to get their business up and running". We thank George for recognizing the value added benefits that 504 provided to both his bank and his borrower and congratulate Olympian Machine on their continued success.
504 Projects Recently Funded by Louisiana Capital CDC, Inc.
Daycare
Permanent financing for the purchase of land and construction of a new daycare facility for an existing operator.
Service/Supply
Permanent financing for the purchase of equipment for an existing service company.
Professional Services
Permanent financing for the purchase of an existing building for an existing accounting firm.
Professional Services
Permanent financing for the purchase of an existing facility for an existing dental practice.
Professional Services
Permanent financing for the purchase of an existing building for an existing law firm.
Technical Services
Permanent financing for the purchase of an existing office/warehouse facility to house the existing operations of a professional technical services company.
