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U.S. Bank SBA loan assists business expansion

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Eddie Moreno of Able Heating & Air Conditioning, 1020 Colorado Blvd. in Chula Vista, is not new to San Diego, having opened his shop in 1978. Over the years, he and his company have made a name for themselves by specializing in public works projects.

Moreno has established repeat business relationships with Douglas E. Barnhart, C.E. Wylie Construction Co., T.B. Penick & Sons Inc. and Rudolph and Sletten Inc.

Moreno's company has worked with Barnhart for projects on Temecula High School, San Miguel Elementary School in Chula Vista and Boundary Avenue Elementary School in Ramona. Other projects Able Heating & Air Conditioning include Solana Beach Elementary School, Otay Ranch High School with Rudolph and Sletten, and the library at California State University at San Marcos for Amoraso Construction.

As the company grew, Moreno determined he needed a building with more square footage to house a computerized plasma cutter and machinery to fabricate sheet metal works. Moreno found he also needed space to accommodate his expanding staff, which grew from 40 to 75 employees.

When it was time, Moreno went to his long-time trusted bank, U.S. Bank, where he has his auto loan and personal accounts.

Moreno said Tim Nager, business development officer for U.S. Bank’s SBA Division, was very efficient, easy to work with and got him through the paperwork easily. Moreno was able to secure an SBA 7(a) loan of $1,410,500 to purchase his new building, enabling him to grow his business.

For more information about Able Heating & Air Conditioning, call (619) 409-9100.

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