TMC recently helped hoteliers Vikas Patel, Chotubhai Patel and Tejal Patel, secure $5.4M in total project financing. The funds were used to purchase two hotel properties in Napa. By utilizing multiple SBA 504 loans, the Patel’s were able to obtain 80% hotel financing at a below market rate, fixed for 25 years.
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TMC helped the proud owners of LoCoco’s, husband and wife team of Joe and Kendal LoCoco, purchase the building that they were previously leasing for their restaurant. By utilizing the SBA 504 Program, the LoCoco’s were able to purchase the 12,000 SF building with only a 10% down payment combined with a 20-year fixed interest rate.
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Beer entrepreneurs have turned to the Small Business Administration’s (SBA) 504 program to expand their companies because the terms are typically significantly more attractive than conventional financing. The SBA 504 Loan is specifically designed to help small businesses with their expansion.
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Ted Wilson II is the new Owner of Local Watering Hole, William Tell House Ted Wilson II, the owner of Metal and Match Catering Co. and the Alice Collective, didn’t…
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Andy Bachich, owner of Andy’s Local Markets, was born and raised around San Rafael, CA and always dreamed of opening a full-service grocery store in his hometown.
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The Bay Area is most commonly known as a hub for technological innovation. However, these advancements have also caused Northern California manufacturing industries to flourish. The manufacturing sector is being driven by information exchange, customized automation and digitization.
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The San Francisco Business Times named TMC Financing President & CEO, Barbara Morrison, as one of the Bay Area’s Most Admired CEOs in 2017.
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On September 15th 2017, TMC Financing announced staff changes to the Business Development team in the San Francisco Bay Area.
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TMC Financing recently surveyed 1,500 small business owners on their outlook for 2017, the survey revealed that they are optimistic for increased revenue and job creation. These results were published and used in an article on the North Bay Business Journal’s website.
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Once again, TMC is the No. 1 CDC in the San Francisco District, all of Northern California and the second-largest CDC in the nation.
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