The Perfect “Fit”...

    High-end apparel company “Genexus” is still continuing down the road of success, not stopping at any cost. The successful company, still growing today, designs and creates clothing for all ages and genders. Genexus International, Inc. was established in the year 1995 by two brothers, Tso Kwong Yeung and Paul Shek Hau Yeung. Both attended Hong Kong University and made their way to the United States to achieve the dreams they aspired to and put their design skills to work. Brothers Tao and Shek always had a passion for fashion, consistently working in manufacturing companies and warehouses for apparel design until they decided to start up something of their own. The skills they obtained working in these apparel design companies gained them further knowledge and management experience, making them capable of starting their own family business. The brothers have been very successful with their company to this day, growing to become maybe a little bigger than expected. Genexus is currently located in a Torrance Warehouse, Newport Beach office. LA and NYC showroom. Although these locations have aided the success of the company, it has progressed immensely to the point of overgrowing each property. If they wanted to continue expanding, they knew they needed to purchase a new subject property to allow the company to be run more efficiently. How would they be able to do so? 
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    With the help of SoCal CDC we were able to guide them in finding the perfect solution. We offer the 504 loan program, which grants us to assist these business owners by providing up to 90% financing for the purchase of a building to expand their company, with only a 10% injection. The 504 loan program serviced the acquisition of  the industrial property now located in Gardena CA. This property consists of a 41,142 square foot two story industrial building/warehouse that is situated on 1.84 acres of fenced land. This loan program made the lives of Tao and Shek a lot easier! With the purchase of the subject property they will be able to bring all 4 locations together and allow the business to continue to grow under one roof and save on tons of expenses. SoCal CDC is always here to help business owners pursue their ambitions. 

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