TMC Financing

TMC Financing is a non-profit 501(c) 4 with a mission to promote economic development and job creation for small businesses in Arizona, California, Hawaii, Nevada & Oregon.

Since its founding in 1981, TMC has facilitated approximately $14 billion in SBA 504 commercial real estate financing for over 7,000 small businesses. As a result of this financing, these small businesses have created over 60,000 jobs.

Headquartered in Oakland California, TMC has helped thousands of businesses grow and thrive solidifying its reputation as the #1 SBA 504 Lender.

In the Beginning

In the early 1980s, the economic landscape was challenging for small businesses. Traditional lenders were often hesitant to provide financing to small enterprises, considering them high-risk investments.

Recognizing this gap, TMC Financing was founded with the mission to foster economic development by providing long-term, fixed-rate financing. The goal was clear: to help small business owners purchase real estate and major fixed assets to expand their operations and create jobs.

SBA 504 Commercial Real Estate Loan Program

TMC Financing is a Certified Development Company (CDC), that works closely with the Small Business Administration (SBA) to secure funding for small business owners to purchase commercial real estate for their business.

Central to TMC Financing’s operation was the development of the SBA 504 Loan Program. This program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings, and machinery. A typical 504 loan is structured with three parts:

 Typical 504 loan structure:

1. A loan from a conventional lender covering 50% of the project cost.
2. A second loan from a CDC (like TMC Financing) funded through a 100% SBA-guaranteed debenture covering up to 40% of the cost.
3. A contribution from the borrower covering at least 10% of the project cost

This structure minimizes the down payment required from small business owners, making it easier for them to secure the financing needed for growth and expansion.

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About Founder & President Barbara Morrison

Founder and President, Barbara Morrison, leads TMC Financing at the intersection of the private and public sector. As a lifelong small business advocate, Morrison and her team ensure small-business owners can step onto the path of property ownership in confidence.

In 1981, Morrison created TMC Financing to help small-business owners purchase commercial real estate affordably via the SBA 504 Program.

Building on success, Morrison sought more in-depth solutions to address the needs of start-ups, women, minority, and low-income businesses unable to obtain conventional financing.

In 1999, she developed Working Solutions, which debuted to a welcoming audience; In 2009, Working Solutions became a designated Community Development Financial Institution (CDFI).

Barbara Morrison then founded TMC's sister company TMC Community Capital (TMC CC) in 2018, to provide an affordable alternative to predatory online lenders taking advantage of small business owners. TMC Community Capital utilizes technology and innovation to provide quick and transparent loans on a scalable platform. The mission of TMC CC is twofold, to be a safe alternative online microlender and to close the gap on lending inequalities by focusing on low-income, women-owned, and under-resourced entrepreneurs in California.

Looking Ahead

TMC Financing remains committed to its mission of promoting economic development and job creation. By providing innovative financing solutions and unwavering support to small businesses, TMC continues to be a pivotal force in fostering growth and prosperity in the communities it serves. As TMC looks to the future, it remains dedicated to empowering small businesses and ensuring they have the resources needed to succeed.