KoMiCo Technology, Inc. is a Korean-based business whose primary American operations are in Sacramento, California. The principals acquired a manufacturing facility in Round Rock, Texas to expand their manufacturing capabilities in the Texas market. Mr. Matthew Kim, the principal of the American-based operation, expressed his appreciation for the assistance received through the federal loan program. This loan is a private/public partnership with Nara Bank. The SBA 504 loan provides the Company with reasonable loan terms with a modest equity injection. The cash preservation aspect of the SBA program allows a growing company to save on out of pocket expenses usually associated with a real estate transaction. With a minimum of 10% equity investment including most reasonable closing costs, the company conserved much needed working capital to help their American operations to continue to grow and hire more workers.

Wee Tots Pediatrics, P. A. (“Wee Tots”) is a Texas S-Corp. founded in 1996, that has become one of the top pediatric practices in the Dallas/Fort Worth Metroplex. Wee Tots’ principals and co-founders are Pedro Riojas and his wife, Dr. Dalila Riojas.

The company’s success stems in large part from focusing the practice in the Latino/Hispanic market. Wee Tots’ significant growth had caused the owners to seek additional space for its expanding operations. The company operated from lease space in an office park in Arlington, TX, and was constrained in hiring additional doctors, not only because of the size of the lease space itself, but also the poor layout of the lease space which inefficiently utilized the space.

The 504 program assisted with the real estate financing for the purchase and interior construction improvements of an existing 16,590 s. f. office building in Arlington, TX, approximately three to five minutes from Wee Tots’ previous location. This expansion will allow Wee Tots to hire additional doctors, nursing, and administrative staff to support additional clients in their new location.

Lake LBJ Boutique Resort & Marina, LLC was recently purchased by Georg and Carleen Pengg using the SBA 504 program. The business acquisition is a marina located on Lake LBJ in Sunrise Beach, Texas. The Resort & Marina has been in operation for over 10 years offering accommodations, boat sales and rentals, as well as marina services to the general public.

The Pengg’s plan to offer the highest quality family and small group accommodation in large suites, combined with a delicate Spa experience, fine authentic “Austrian” cuisine, quality boat rentals, as well as a pleasant and efficient marina service.