TMC Financing announces the retirement of its founder and CEO, Barbara Morrison, after 44 years of championing small business success through SBA 504 financing. Under her leadership, TMC helped over 8,000 entrepreneurs seguro $16 billion in commercial real estate loans, with a strong focus on supporting women, minorities, and immigrant-owned businesses.
Morrison founded TMC in 1981 in San Francisco’s SoMa district and later moved headquarters to Oakland. Her legacy includes navigating multiple economic crises, advocating for ownership as a path to financial independence, and building TMC into the #1 SBA 504 lender in the nation.
She will remain on the board and plans to launch a video podcast, Beyond Borders, spotlighting inspiring small business stories.
Omar Salah, formerly of Comerica Bank and MUFG Union Bank, will succeed Morrison as President and CEO starting October 6. TMC’s board chair, DJ Kurtze, praised Salah’s strategic vision and deep commitment to small business growth.
TMC continues to serve entrepreneurs across California, Arizona, Nevada, Oregon, and Hawaii, helping them secure long-term, fixed-rate financing for major assets through the SBA 504 program.