MealPro Acquires New Office Building with SBA 504 Loan

MealPro, a dynamic meal delivery company expanding rapidly, has recently completed the purchase of a new office space valued at $1.85 million located at 11231 Gold Express Dr, Gold River, CA, 95670. This significant acquisition was carried out using funds from the SBA 504 small business loan program. The new property is situated in an upmarket suburb of Sacramento and is set to become the central operations hub for the company’s marketing and support teams.

Andy Sartori, the Founder & CEO of MealPro, emphasized the importance of owning their infrastructure to maintain a solid foundation for the company. He highlighted that MealPro spent over $5 million in the last two years on vertical integration, underscoring their commitment to controlling every aspect of their operations. This approach has allowed MealPro to adhere to high-quality standards and foster strong customer loyalty.

The acquisition comes at a time when businesses face intense challenges due to inflationary pressures and rising interest rates, making it tough to find willing lenders. Nonetheless, the SBA 504 loan program facilitated MealPro’s office purchase by offering long-term, fixed-rate financing options. This move marks a significant step in MealPro's expansion and its endeavors in the food delivery industry.