{"id":8365,"date":"2018-02-21T10:17:18","date_gmt":"2018-02-21T18:17:18","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=8365"},"modified":"2021-05-10T20:30:02","modified_gmt":"2021-05-11T03:30:02","slug":"spotlight-on-tmc-financing-founder-ceo-barbara-morrison","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/spotlight-on-tmc-financing-founder-ceo-barbara-morrison\/","title":{"rendered":""Ojos abiertos y antenas arriba": Foco sobre la fundadora y directora ejecutiva de TMC Financing, Barbara Morrison"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”8374″ img_size=”full” alignment=”center”][vc_column_text]TMC Financing, one of the top Small Business Administration (SBA) 504 lenders in California and Nevada and second largest nationwide by volume, has helped over 5,000 businesses finance projects worth over $9 billion. These businesses have retained and created over 60,000 jobs. TMC itself employs 46 people, over half of whom are women. Barbara Morrison has been the backbone, the driver, and the life of the company since day one. <\/span><\/p>\n

TMC began operations in 1981 and founder, Barbara Morrison, remains the company\u2019s CEO to this day. Her vision and drive are reflected in TMC\u2019s accomplishments while being an advocate for small business owners and helping them thrive. <\/span><\/p>\n

Before TMC Financing<\/span><\/h3>\n

TMC Financing began rather modestly with an all-female staff of six in an unheated warehouse space in San Francisco. Today, it is hard to conceive of how revolutionary that beginning was. Less than four decades ago, women were only beginning to take their places in the financial industry, and Morrison had worked hard to reach that point.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=”8366″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Morrison\u2019s determination and ideals are rooted in her identity as a child of the Sixties. \u201cI knew our generation was going to do something that would change the world,\u201d she told the Financial Women\u2019s Association at an awards ceremony in 2012. <\/span><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_column_text]She became aware of gender and economic inequality early on. \u201cMy mother graduated from college during the Depression, moved to Washington and became part of the New Deal, opening up Social Security offices. Three years later, she moved back to New England, got married and never worked again,\u201d she recounted. \u201cI knew that I would always work, because I was determined not to be trapped by my mother\u2019s financial dependency.\u201d She described her mother as the person who exerted the most influence on her career.<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_cta h2=”What is Barbara’s favorite quote?” txt_align=”center” shape=”square” style=”flat” color=”peacoc”]”To love what you do and feel that it matters \u2013 how could anything be more fun?” – Katherine Graham<\/em>[\/vc_cta][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Morrison moved to San Francisco after graduating from the University of Vermont, ready to leave her positive mark on the world. \u201cI had no career script,\u201d she said. \u201cOne thing just led to another.\u201d She found herself working in a support position at Paine Webber and, in spite of the fact that the company did not hire women securities traders, her boss paid for her to take the Series 7 exam, the entry level exam for the securities industry. \u201cHe did a wonderful thing,\u201d Morrison declared.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_cta h2=”What\u2019s Barbara’s guiding principal? ” txt_align=”center” shape=”square” style=”flat” color=”peacoc”]The Golden Rule: Treat others as you want to be treated.[\/vc_cta][\/vc_column][vc_column width=”1\/2″][vc_column_text]A smaller investment firm hired Morrison as its first female broker. It was 1976, and their advanced attitudes toward women had strict limits. Barbara discovered this when she asked the female office administrator where to pick up her business cards, and was told, \u201cWe don\u2019t give girls business cards.\u201d\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]She was not supposed to be listed with the other brokers in the building\u2019s directory, either.\u00a0This did not stop Morrison. She got her business cards, and was listed in the directory, although she had to settle for B. Morrison since using \u201cBarbara\u201d was going too far. <\/span><\/p>\n

After a few years, she began working on her Master\u2019s Degree in Public Policy from San Francisco State University and then got the opportunity to work in the Mayor\u2019s Office of Economic Development. Told that they did not have money for new hires, she said she would work as an intern. When that office introduced the 504 loan program in the city, Morrison was put in charge of running it. \u201cAnd I was hooked. I\u2019d found what I was looking for,\u201d she said. \u201cAnd all because I had taken the Series 7 exam. That was all the accounting I knew… All you have to do is keep your eyes open and your antennae up,\u201d she concluded with characteristic optimism.<\/span><\/p>\n

Barbara Morrison Today<\/span><\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][vc_gallery type=”image_grid” images=”8376,8377,8378,8379,8380,8381″ onclick=”img_link_large” custom_links_target=”_blank”][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Morrison is endlessly optimistic, she loves to teach and she is full of energy. In addition to running TMC, Morrison cofounded the nonprofit organization <\/span>Working Solutions<\/span><\/a>, which complements TMC\u2019s activities by providing microloans to small startup businesses that would have difficulty finding bank loans. It also offers extensive education and mentoring for its clients, 60% of which are women-owned businesses. Since 1999, Working Solutions has provided over 500 loans worth over $12 million and educated over 13,000 entrepreneurs, resulting in the creation of 1,900 jobs.<\/span>[\/vc_column_text][vc_column_text]She was also a founding board member of the <\/span>Renaissance Entrepreneurship Center<\/span><\/a> in 1985 and designed a 14-week program to teach entrepreneurship. Today, the center has four offices and it continues to provide business training to people with low and medium incomes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_column_text]Morrison has also been involved with the National Association of Women Business Owners, Financial Women Association and Women in Commercial Real Estate. She is a former member of the Harvard Kennedy School Women and Public Policy Women\u2019s Leadership Board and of the Buck Institute for Research on Aging. Currently, she is a board member of Working Solutions, an East Bay advisory board member for Presidio Bank, and a member of the Oakland Metropolitan Chamber of Commerce\u2019s Economic Development Committee.<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_cta h2=”What book would Barbara recommend to women entrepreneurs?” style=”flat” color=”peacoc”]How Women Lead:\u00a0 The 8 Essential Strategies Successful Women Know<\/em> by Sharon Hadary & Lauren Henderson[\/vc_cta][\/vc_column][\/vc_row][vc_row][vc_column][vc_cta h2=”Among the honors and awards Barbara has received are:” shape=”square” color=”peacoc”]<\/p>\n