From Milpitas to San Francisco, a Small Business Administration loan program is helping local companies stay in the Bay Area As posted on Mercury News Facing soaring rents and property…
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Walker obtained financing through the SBA 504 Program to purchase a 3,150 square foot mixed used condo located at 3450 3rd Street in San Francisco. The 504 loan allowed Walker to acquire the condo with only a 10 percent down payment and a below-market, fixed 20-year rate. UpCycle occupies about 55 percent of the building, allowing Walker to rent out the remaining space and gain additional monthly cash flow.
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TMC Financing helped Cleveland O’Neal III, owner of Connection III purchase a $1.22 million building in a commercial multi-use loft complex in Los Angeles. By utilizing the SBA 504 Program, O’Neal was able to purchase the property with only a 10 percent down payment and cut his monthly occupancy costs by 50%.
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As posted by carwash.com The recent growth of the carwash industry is notable. Over the last five years, revenue has grown at an annualized rate of 4.0% to $12.3 billion,…
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As posted in Today’s Veterinary Business. Veterinarians who own their practice should absolutely own the building. The benefits of owning outweigh those of leasing, and deciding to purchase a building…
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Every year TMC employees and board members hop on a trolley and visit some of our local clients. At TMC, we process about 250 loans a year. With each deal,…
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As posted in the September edition of CH&LA’s Lodging News For the past 10 years, hoteliers have been quick to recognize and take advantage of the booming hospitality industry. Demand…
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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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Business owners aiming to finance gas station equipment should look no further. The SBA 504 loan program is specifically designed to finance high quality gas station equipment with terms that are typically more attractive than conventional financing.
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