Alba Contractors, Inc.

"MEACO definitely saved us money. The interest rate is considerably lower than if we had gotten the entire amount from a bank. We recommend it."

- Albert Sluga, Alba Contractors

Alba Contractors, a full-service concrete and construction firm, wanted to move from their location in Wickliffe to Mentor.  "We needed a place big enough for our trucks, equipment and offices," owner Albert Sluga said. He had found the right location, but needed to work out the construction funding. The company had been to two banks and not found much interest before they started working with MEACO.

"Everything went smoothly once we got involved with MEACO," Sluga said, noting that working with MEACO on the SBA 504 Program gave him more credibility with the commercial bank he used for the first half of his $455,000 funding package.  "They were on top of everything, and really pushed it through," he said. "We needed to start construction in early spring – and with the help of MEACO, we were on time," Sluga said. "They helped fund the building and followed through with everything they said they would do. We were good to go."