{"id":8028,"date":"2018-01-18T11:34:36","date_gmt":"2018-01-18T19:34:36","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=8028"},"modified":"2021-05-10T20:29:58","modified_gmt":"2021-05-11T03:29:58","slug":"helping-small-businesses-tmc-manufacturing-clients-partner-tesla","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/helping-small-businesses-tmc-manufacturing-clients-partner-tesla\/","title":{"rendered":"Ayudando a las peque\u00f1as empresas a pensar en grande: los clientes de fabricaci\u00f3n de TMC se asocian con Tesla"},"content":{"rendered":"

\"\"Small business often has a symbiotic relationship with big business. One of the ways this can happen is when a small business supplies a big business with a service or a specialized line of products. <\/span>Businesses of this type can often qualify for a Small Business Administration (SBA) 504 loan for use when they want to expand their facilities or upgrade their equipment.<\/span><\/p>\n

Mountain View, CA-based electric car manufacturer Tesla is a good case study of a big business that works with small suppliers. In Tesla\u2019s Model S alone, there are <\/span>2,000 components manufactured by 300 outside suppliers<\/span><\/a>, many of which are small businesses. <\/span>The components Tesla buys<\/span><\/a> range from mirrors, gaskets and hinges to seats and entire technical systems. <\/span><\/p>\n

Tesla is currently working on a mass marketable electric car, and every move it makes in that direction has been subject to intensive analysis and commentary. Its suppliers are sharing the spotlight with it as the company struggles to get the kinks out of its supply chain. Is Tesla <\/span>outsourcing too much<\/span><\/a> or too little<\/span>? Are they outsourcing the right things? These questions have been discussed from a dozen angles. In any case, there is plenty for Tesla\u2019s suppliers to do, as the company has about <\/span>half a million vehicles on preorder<\/span><\/a> and more are coming in all the time.<\/span><\/p>\n

TMC Financing Clients That Partner With Tesla<\/b><\/p>\n

TMC Financing is proud to have worked with several metal manufacturing companies that supply parts to Tesla.<\/span><\/p>\n

One TMC client, Igor Brovarny, who came to the United States from the Ukraine, purchased the<\/span> Elite E\/M<\/span><\/a> company in Santa Clara in 2013 and has been part owner since 2008, <\/span>after working as an employee of the company for five years. He has over 27 years\u2019 experience in the industry and now oversees all aspects of the operation with the assistance of a skilled management team. Their customer base includes a variety of industries and approximately 150 customers (none of which exceeds 15% of sales), so their experience is broad and well versed. Besides Tesla, their large customers include Samsung and Agilent. <\/span><\/p>\n

What You Can Do With a 504 Loan<\/b><\/p>\n

Many small businesses got where they are today by utilizing the SBA\u2019s 504 loan program and TMC Financing. The 504 loan can be used to grow your small business too. A 504 loan can be used for the purchase, construction or renovation of land or buildings, and the purchase of equipment with a service life of ten or more years. <\/span><\/p>\n

The 504 loan is administered by a Certified Development Company (CDC) such as TMC Financing, and loans are granted in conjunction with a conventional lender that provides 50% or more of the total. Your CDC facilitates the SBA loan for up to 40%, or $5 million ($5.5 million for manufacturing projects or if the project includes energy-efficiency measures) at a <\/span>fixed, below-market rate<\/span><\/a>. You provide 10% of the project cost as a down payment.<\/span><\/p>\n

[vc_row][vc_column][vc_round_chart type=”doughnut” stroke_width=”2″ values=”%5B%7B%22title%22%3A%2250%25%20Conventional%20lender%22%2C%22value%22%3A%2250%22%2C%22color%22%3A%22blue%22%2C%22custom_color%22%3A%22%236dab3c%22%7D%2C%7B%22title%22%3A%2240%25%20CDC%22%2C%22value%22%3A%2240%22%2C%22color%22%3A%22turquoise%22%2C%22custom_color%22%3A%22%2375d69c%22%7D%2C%7B%22title%22%3A%2210%25%20Borrower%22%2C%22value%22%3A%2210%22%2C%22color%22%3A%22grey%22%2C%22custom_color%22%3A%22%23cec2ab%22%7D%5D”][\/vc_column][\/vc_row]<\/p>\n

If the building acquired is a manufacturing building or if the project participates in the SBA\u2019s Green Energy Program, it is eligible for a larger loan and the business owner can exceed traditional project limits. <\/span><\/p>\n

To be eligible for the Green Energy Program, you must:<\/span><\/p>\n