Many small business owners have been frustrated by the obstacles they encountered when applying for a Paycheck Protection Program (PPP) loan. However, Meenu Sandhu, a southern California entrepreneur was astonished that TMC Financing was able to respond to her inquiries, help her through the application process, and approve her loans so quickly.Continue
Linda Fong purchased a building at 325 5th Street in Oakland for $1,850,000 to accommodate her rapidly growing franchise, FASTSIGNS. By utilizing the SBA 504 Program again, Fong made the purchase with only a 10 percent down payment and a record low interest rate, fixed for 25 years.
San Francisco Small Business Owner Ready to Throw in the Towel – Regains Hope following PPP Funds from TMC Financing
Kevin McKee has been a proud San Francisco business owner since 1986. He followed all the rules, paid all the taxes, reported every dime of income, survived a couple recessions and has always been upfront and honest with his employees and customers.
The SBA 504 Program provides an easy solution to potentially save small businesses thousands on their monthly occupancy costs and provides an opportunity to access cash trapped in equity. With refinance rates at record lows, currently 3.03 percent on a 25-year fixed term, now is the most opportune time to refinance with an SBA 504 loan.Continue
Two years ago, TMC Financing helped Alpha Structural, Inc. purchase a property in Sunland, CA for their business. Today, Alpha Structural has much to celebrate, and attributes their growth to the building they purchased with the Small Business Administration’s (SBA) 504 loan administered by TMC Financing.Continue
LAS VEGAS – Northwest Career College, an accredited trade school with more than 1,000 students, opens its fifth campus building this month. The $1.5 million building was purchased with an SBA 504 loan through TMC Financing. The first mortgage lender was JP Morgan Chase Bank.Continue
CYC Commercial Interiors Inc., a specialized engineering company, obtained 90% financing through the SBA 504 Program to purchase the building located at 2428 Pratt Avenue, Hayward, CA for $3.2 million.Continue
SBA To Provide Small Businesses Impacted by Coronavirus Up to $2 Million in Disaster Assistance Loans
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The CARES Act depleted their first round of funding in two weeks. They are currently on their 2nd round of funding, effective 4/23/20.Continue
Vicente Solbes and Martina Solbes-Moran are the proud owners of four Gold’s Gym franchises around the coast of Central California. They opened their first gym in 2002 in the Santa Cruz County town of Watsonville and have been hooked ever since.Continue