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Borrower Spotlight – Kadillac Tattoo

Kadillac 6We are pleased to announce the completion of a 2015 Small Business Administration (SBA) 504 Loan for an established tattoo business in Philadelphia, PA. Sole proprietor and expert tattoo artist, Eric Flynn, is the owner of Kadillac Tattoo, a successful tattoo shop located in the Mt. Airy area.

Eric has over 20 years of experience in the tattoo industry, and first began tattooing in a book shop he owned on Ridge Ave. His business grew so fast he needed to expand, and in 1992, he and a partner opened a tattoo shop, originally located in Manayunk. After opening a second location on Rising Sun Ave., his partner took over the Manayunk location in a split that resulted in Eric keeping the Rising Sun shop which continued to grow and prosper.

Eric and his wife, Lisa, currently reside in Glenside, Montgomery County, which is close to the Mt. Airy section of Philadelphia. They had been looking to expand Eric’s tattoo business into Mt. Airy and finally secured their current location on Germantown Avenue in 2013.

Kadillac 3With the help of NEDCO and Centric Bank, Eric and Lisa were able to secure 20 year fixed rate financing, using the SBA 504 Loan product, and did so with only a 10% down payment. This loan enables Eric to purchase the Germantown location, securing both the property and the future of his growing business.

Kadillac Tattoo is located at 7102 Germantown Avenue, Philadelphia, PA.

To find out more about the SBA 504 Financing Loan Program, and how it helps small businesses to acquire fixed-rate, long term financing, give us a call today at 570-457-6726. We are happy to answer any questions you may have and to assist in matching you with an SBA program to help you achieve your business goals.

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