Steve Kunkel and Jason Reinke are building a new headquarters for Stonebrook Exterior. With several decades of experience in the business, you can rest assured that any roofing needs will be completed by the best. With NEDCO’s help, they were able to purchase two lots of land to build their new headquarters. The new building has an ideal location, right off of Interstate 80, the larger warehouse gives the business more efficient space and with the business’s extensive growth in the past couple years it will already have room for future expansion.
Stonebrook specializes in replacement, renovation, and new construction services for both residential and commercial properties. Their goal and mission as contractors is to solve building issues with the most effective and efficient methods available. Since 2018, Stonebrook has expanded into constructing the entire exterior of buildings referring to themselves as a, “exterior envelope construction company.” The expansion of the business has created more jobs and predicts that there will be 54 jobs added within the next two years. NEDCO partners with businesses that will sustain and grow Nebraska’s economy, creating more jobs, rural economy, small businesses and more.
Using the SBA 504 program to finance this project is critical to the success for a few key reasons. First, the low down payment of just 10% available is not typical of loans available in the Nebraska market or surrounding area. Local banks and lending institutions can require a 30% or more down payment for a project of this size and industry nature. Also, the 20-year fixed interest rate will reduce future interest rate risk for the business.
Outgrowing your current location? Needing a new space for your business? Partnering with NEDCO could help you solve that problem! Call our Chief Loan Officer, Jason Culver, at (402) 483-4651 or email at firstname.lastname@example.org.