Closed Loans

$3.3 Million SBA 504 Acquisition Loan Arranged for Truck Dealership Expansion

Progress Capital secured a $3,300,000 SBA 504 loan for Phoenix Truxx, an auto dealership specializing in the sale of high end trucks and parts. The 37,000 SF building on 2+ acres of land is located on Bordentown Avenue in Old Bridge, NJ.

On behalf of the Borrower, Progress Capital managed the entire loan process.  This loan allowed the Borrower to expand and grow their existing business in South Amboy, NJ.

Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress

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