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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.
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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.
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The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
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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.
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San Francisco’s small businesses are in crisis. A number of factors are driving even decades-old businesses to close their doors: difficulty hiring employees due to the city’s housing crunch, competition with e-commerce and on-demand delivery giants, and extra pressure from city-imposed mandates. But there is one factor business owners can theoretically control: buying their spaces instead of leasing them, as a hedge against skyrocketing commercial rents.
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The Pace Group, an LA based marketing firm, refinances with multiple 504 loans to save capital and excess cash trapped in equity.
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NY Hair Company, a popular Las Vegas salon owned by Nicolette Tucker, is opening a new and expanded location in March, thanks to an SBA 504 loan from TMC Financing.
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Christine Sheffield, founder and owner of Platinum Container, had been leasing space for her business for over 15 years. After searching for five years, she finally found and acquired her dream building with the help of the SBA 504 Program.
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After answering to five different building owners and enduring regular rent increases, Judy Beckowitz, president and owner of American Countertops & Floors, decided the timing was right to invest in herself and her growing company. With the help of an SBA 504 real estate loan from TMC Financing, she was able to purchase a 5,557-square-foot office and warehouse in North Las Vegas.
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Laser Alliance was able to obtain 90% financing to purchase a home for their business Laser Alliance, a Milpitas manufacturer that specializes in visual graphics, obtained 90 percent financing via…
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