Success Story - Cal-Lift
The culture of a company does more than just impact the lives of its employees eight hours a day, seven days a week; it truly impacts the community it serves. When the core beliefs and values of a company are grounded in the idea that they are servants of their employees and customers, and that each individual deserves to be treated with the utmost respect, this carries through its employees to impact the community around it. At Enterprise Funding Corp., we were grateful to be able to finance a small business loan for Cal-Lift, a Southern California company whose core beliefs are founded in these principles, and who believes in acting with integrity and honesty in all of their business dealings.
This foundation of values began in 1964 when John T. Maechling co-founded the business with William Christiansen in the City of Commerce in Los Angeles County. From its beginnings, this customer-driven small business has understood that cultivating a culture of respect and courtesy will fundamentally drive success; and this belief has withstood the test of time. In 1995, current owner, Mark Maechling joined the company after working for a time in the securities industry. In 1998, he was promoted to president, and in 2003 he purchased the business.
In 2015, Maechling was seeking financing for business growth from Manufacturers Bank. After speaking to him about his financing needs, they introduced him to the team at Enterprise Funding Corp. The $2.9 million loan provided by Enterprise Funding Corp. through the Small Business Administration (SBA) 504 loan doubled the size of the company and allowed it to expand into the Inland Empire region of Southern California, increasing its market share into San Bernardino and Riverside Counties. Before the SBA 504 loan, the company employed 60 people. Within two years, Cal-Lift expects to hire an additional 20 people to staff its new location.
The SBA 504 loan provided the financing to purchase land and allowed for new construction of an industrial building in Colton, CA. The terms of the loan, with its low down payment and 4.623% fixed rate, will allow Cal-Lift to preserve working capital and keep cash on hand for future growth.
According to Maechling, “The entire team at Enterprise Funding Corporation did a wonderful job, and it was a great experience. They made what could have been a complicated process incredibly simple and easy. They came out to the property multiple times and made sure that I was taken care of. It was a very positive and easy experience.”
Jeff Sceranka noted, “Cal-Lift is a great example of a small business that is driving economic growth in our communities through an exceptional business philosophy. It’s rewarding to be a part of creating growth for a business of this caliber.”
Enterprise Funding Corp. creates growth opportunities for small businesses throughout the state of California. If your business needs financing for equipment, land, commercial real estate, or other long-term assets, we’d love to talk to you about the possibilities that an SBA 504 loan can provide. Call today (909) 792-3803 for more information.