A "Window" to the Future
Folkers Windows and Doors

In 2006 I first had the privilege of meeting Jay Lunt who was the relatively new owner of a windows and doors business located in Pensacola, FL. The company he purchased had been started in 1972 as Folkers Windows and Doors and the business was well established in the panhandle of Florida and the Alabama coast - storm shutters, doors and wind resistant windows came in handy in that area! When we met Jay, he was growing the business and needed a new building from which to operate. We got right to work, and that same year we helped him purchase a new building using the SBA 504 Program, which is a perfect fit for growing businesses.

Over the years Folkers continued to grow and Jay and I stayed in touch. In 2012 we began talking about refinancing the loan since rates were much more favorable. With the help of one of Alliance Capital’s lender relationships we were able to secure a lower rate and new financing for Jay and his wife, Mary.

Then in 2014 Jay decided it was time to retire and made sure the business broker introduced us to any potential buyers. Kip Robinson of Spanish Fort, AL was the right buyer, and interestingly enough, Kip and Alliance Capital were contacts and had discussed other opportunities in recent years. Thanks to Jay’s positive experience with Alliance Capital in the past and Kip’s confidence in us, we were able to help Jay hand the baton to Kip and continue the legacy of Folkers Windows. This transaction was made possible with the help of an SBA 7(a) loan.

If Alliance Capital can be of service to you or your clients, contact us and let us know how we can help!
"Thank you for all you did to make our business sale possible. Again and again you are the GO-TO guy for these financial deals.  All-in-all the entire process went very well and the transition from owner to retirement continues, your ability to bring the financial component to this sale was the critical piece."
Jay Lunt



SBA 504 Loan Rates - January 2015

SBA Loans offer borrowers long term fixed rates and other advantages to business owners that cannot be obtained through conventional bank or lending channels which would generally be seen as the alternative. 

The SBA Loan programs do not have balloons so as a small business owner you manage your business, not your loan every few years.  With terms out to 20 years on a 504 and 25 years on 7(a) loans and financing up to 90%, the time is still right for an SBA Loan to fuel your dream!

Alliance Capital continues to leverage our relationships to provide our clients the most efficient processing and competitive pricing available in the market.  The SBA 504 rates for the month of January 2015 are as low as 4.4% for the ten year fixed rates and 4.6% for the twenty year fixed rates.  These rates reflect the SBA or second mortgage side of the loan.  The SBA 504 loan is a participating loan that allows up to 90% financing, the lender makes the first mortgage loan at 50% of the project cost and the SBA helps fund the second mortgage at up to 40% of the project cost.  The first mortgage rate is set by the participating lender, while the second mortgage rate is a combination of the actual note rate and the applicable servicing fees.  The SBA 504 loan is designed for the purchase, construction or renovations of owner occupied commercial real estate or the purchase of equipment with a long useful life. 

Call today to take advantage of rates while they still remain at favorable levels.  We all know this won't last forever!

 Visit our website:  www.alliancecapitalcorporation.com
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Sam Renta, President
Alliance Capital Corporation
1808 Oxmoor Road
Homewood, AL 35209
205.837.7900 (C)
205.982.7900 (O)
877.415.9180 (F)
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