January 2021 – Geoffrey McGivern, a 20-year veteran of commercial real estate lending, joins mission-based lender TMC Financing to lead its expansion into Arizona and provide SBA 504 financing to more small businesses in need.
“We are delighted to expand into the Arizona market and Geoff is the ideal person to spearhead this initiative,” said Barbara Morrison, founder and president of TMC Financing, the No 1 SBA 504 Certified Development Company (CDC) in the Western Region. “Geoff will lead the way as TMC partners with lenders and small business owners in Arizona.”
Geoffrey McGivern joins TMC Financing as senior vice president of business development. In his role, he will focus on helping small business owners looking to purchase, construct, or refinance commercial real estate with only a 10 percent down payment. By utilizing the SBA 504 Program, business owners can also obtain a below-market, long-term, fixed interest rate. The current SBA 504 rate for a 25-year loan is 2.69% (as of Jan 2021).
McGivern has spent more than 20 years as an SBA 504 lender. He learned the ins and outs of the industry as he climbed the ranks and ultimately became the vice president of sales and marketing. Geoff has consistently been a top dollar/volume producer and has originated over $1,100,000,000 in SBA 504 projects.
“We are so pleased to have Geoff on the TMC team,” said Morrison. “His extensive SBA 504 knowledge is crucial to our Arizona expansion efforts. Geoff has the necessary experience to promote economic development and foster growth within the Arizona small business community.”
About TMC Financing
TMC Financing, founded in 1981, has secured financing for projects worth more than $10 billion across California and Nevada. More than 6,000 businesses have benefited from this financing, resulting in the creation of an estimated 60,000 jobs.