A pair of Los Gatos medical businesses are making the move from leasing to owning.
This morning, Walnut Creek-based Bay Area Development Co. said it had finalized a longterm “SBA 504” loan that will allow Young Naturopathic Center for Wellness and John McCleve D.D.S. to purchase the 4,312 square foot office at 751 Blossom Hill Rd. where they’ve been working.
“I really appreciate being able to help people,” Renee Young—a practicing naturopath doctor since 2002—told the Los Gatan in an interview earlier this year. “It’s been an amazing journey.”
McCleve moved into the office in 2006. Young joined the location a few months later.
As they sought to buy-out the entire building, they turned to to Rich Grant at BADC, as well as Bank of America.
Young told the Los Gatan she works with both chronically ill patients, on top of doing more preventative work.
“I have a cancer screening test,” she said. “I’ve consulted with the Sharks for the last eight years.”
The SBA loan is federally-backed financing, that comes with a lower interest rate. This option is popular with small business owners.
Young recently participated in the launch of the Los Gatos franchise of fitness studio SPENGA, where she shared her passion for healthy lifestyle choices with attendees.
“I advocate for exercise,” she said. “If you get ill enough you can’t work.”
Making small changes to your daily habits can make a huge difference in your overall outlook, she added.
BADC is an SBA licensed lender that works with banks and the 504 program to provide small and mid-sized companies with long-term commercial real estate financing.
These loans allow businesses to purchase land and buildings, renovate existing facilities and acquire equipment, a BADC spokesperson said.
While Young specializes in women’s health and currently cares for more than 1,250 patients, McCleve offers a range of dental services, from teeth whitening and removable braces to implant restorations and veneers.
He also volunteers at St. Joseph’s Pediatric Dental Clinic in Santa Rosa.
