After an injury ended his dentistry career, Wayde Elliott pivoted into self-storage development, inspired by a patient’s success in the industry. He founded StoreIt in 2009 and has since developed or acquired 11 facilities across California and Oregon, including adaptive reuse projects that transformed a lumberyard, hazelnut plant, and newspaper building into modern storage sites.
Elliott credits the Programa de préstamos SBA 504 as a key driver of StoreIt’s growth. With its low down payment, fixed interest rate, and long-term financing structure, the program enabled strategic expansion without straining operational resources. StoreIt used SBA 504 loans to acquire a facility in Porterville, CA, and to develop a 12.5-acre site in Woodburn, OR, now offering 795 units including boat and RV storage.
TMC Financing played a pivotal role in these projects. Senior VP Jim Azevedo and his team provided expert guidance through the loan process, helping Elliott and his team navigate documentation and due diligence with confidence.
Today, Elliott leads a portfolio valued at over $92 million and continues to consult with other investors. His journey highlights how SBA 504 financing can empower entrepreneurs to revitalize communities and build thriving businesses.