Planet Direct

As a manufacturer, I knew Planet Direct Mail needed to expand our footprint to keep growing. We were motivated to stop paying rent and become our own landlord, so we set out to buy a property. After searching our market, we ultimately chose to develop our own build-to-suit flex industrial building. We decided to use the SBA 504 program because it required a low down payment, offered a long-term below-market fixed rate, and made the loan more attractive to our banking partner. REDCO facilitated the loan process in a way that made it simple for us. We were pleased by how responsive and knowledgeable they are. Now that Planet Direct Mail owns our own building, we have benefited from the tax benefits, flexibility within our operations, and increased efficiency. We highly recommend ownership over leasing and REDCO to facilitate the SBA 504 loan process.