October 6, 2008 – Despite tumultuous economic times, TMC achieved a major milestone this year. As of September 30th, 2008, the end of our fiscal year, TMC has provided more than $5 billion in financing to business owners.
And while this means a great deal to TMC, it means even more to the 275 small business owners for whom we made property ownership a reality in 2008 and the thousands more we’ve served since 1981.
Our partners have played a key role in this success and to them we extend our gratitude: the U.S. Small Business Administration (SBA), the mortgage lenders and commercial real estate brokers with whom we work, and our Board of Directors. Together, we’re financing the future.
A recent study conducted by the National Association of Development Companies (NADCO) confirmed that the SBA 504 loan program greatly stimulates the economy. The increased profits and job growth that it affords participating businesses promotes economic development and prosperity within local neighborhoods.
I’ve come to believe that there is no more vibrant sector of the U.S. economy than the small business community. Time and again, I’ve witnessed the determination and nimbleness with which small business owners face and survive any hardship put before them.
Working together we will achieve continued success in the coming year for TMC and the extraordinary community of small business owners we serve.