{"id":23545,"date":"2024-10-18T12:56:04","date_gmt":"2024-10-18T19:56:04","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=23545"},"modified":"2024-10-29T14:10:36","modified_gmt":"2024-10-29T21:10:36","slug":"how-sba-504-financing-from-tmc-is-boosting-fb-countys-bottom-line","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/how-sba-504-financing-from-tmc-is-boosting-fb-countys-bottom-line\/","title":{"rendered":"How SBA 504 Financing from TMC is Boosting FB County\u2019s Bottom Line"},"content":{"rendered":"

After more than three decades, FB County<\/a> founder Tom Kim was ready to purchase commercial real estate for his innovative Los Angeles-based clothing and personal-goods company. \u201cFor a growing business like FB County, there are so many benefits to owning property \u2013 and the SBA 504 program makes it doable,\u201d he says.<\/p>\n

Here\u2019s how Financiamiento TMC<\/a> helped him secure an Pr\u00e9stamo SBA 504<\/a> to buy a property that suits his needs today with room for future expansion, while stabilizing occupancy costs and gaining long-term financial benefits.<\/p>\n

Starting small, aiming high<\/strong><\/p>\n

Tom started FB County while in college, formalizing the business in 1991. Since then, his sought-after clothing and other goods have become staples of streetwear style. Bestsellers<\/a> include their signature \u201cChecker\u201d shirts and \u201cCharlie Browns,\u201d which were featured in Fast and the Furious<\/em>, Straight Outta Compton<\/em> and, as Tom says, \u201cJust about every other TV show and film\u201d that highlights street style and culture.<\/p>\n

Unlike today\u2019s social-media-driven buzz (which can catapult a brand overnight), FB County grew through strategy and persistence, simply because the internet was barely in existence then and social media didn\u2019t come around until well after Tom was a seasoned entrepreneur.<\/p>\n

FB County\u2019s early growth was achieved through wholesale accounts, which still make up a majority of the business\u2019s sales. Today, that\u2019s complemented by a robust ecommerce presence, with sales through multiple online stores (including FB County\u2019s own and others).<\/p>\n

\u201cThe last several years, we\u2019ve experienced incredible growth,\u201d Tom explains, primarily because he and the rest of FB County\u2019s five-person team know how to leverage the power of social media. \u201cSocial media platforms have been incredible for our business, because we can ensure that our products get seen by our target market \u2013 and that\u2019s reflected in our current revenue and forecasts.\u201d<\/p>\n

Securing future costs and benefits by purchasing commercial property<\/strong><\/p>\n

Tom says that FB County had outgrown the space they\u2019d had and he knew the type of property that he wanted to purchase \u2013 a warehouse that would support current operations with enough land to construct additional buildings.<\/p>\n

\u201cI spent more than two years searching for the right opportunity,\u201d he says about the property he\u2019d eventually purchase. It ticked all the boxes for Tom\u2019s vision, including 37,000 square feet of existing warehouse space and room for expansion throughout the 80,000-square-foot lot. He negotiated a fair price and moved forward with financing.<\/p>\n

 <\/p>\n

\"\"TMC partners on an SBA 504 loan<\/strong><\/p>\n

SBA 504 loans are the most popular SBA offering for businesses seeking to purchase owner-occupied commercial real estate because of the tremendous benefits for borrowers<\/a>. With the SBA 504 program, small business owners can:<\/p>\n