TMC Financing Retains Title as No. 1 504 Lender in the Bay Area for 25th Year

TMC Financing, an Oakland based Certified Development Company that administers U.S. Small Business Administration (SBA) 504 loans is pleased to announce it continues to hold the number one SBA 504 lender position in the Bay Area. TMC has held this title for 25 years. TMC also finished the fiscal year ranked number two nationally among all Certified Development Companies.

TMC Financing accounted for 45 percent of the total SBA dollars loaned in the Bay Area. It provided financing to 97 Bay Area small businesses totaling $112MM in SBA dollars for the 2018 fiscal year that ended September 30th. Twenty-eight of the loans were to minority-owned businesses and 11 were to women-owned businesses. The financing provided to these small businesses will help create or retain nearly 900 jobs.

“Our continued success is the result of over 35 years of experience and our dedicated, knowledgeable staff committed to our small business clients and lending partners,” explains Barbara Morrison, CEO of TMC Financing.

TMC partners with banks, credit unions and other approved lenders to provide SBA 504 financing. This financing allows businesses to purchase real estate and other fixed assets, such as machinery and equipment, with as little as 10 percent down at a below-market, fixed interest rate fully amortized over 25 years.

Typically, TMC’s commercial lending partner provides financing for 50 percent of the loan in the first mortgage position. TMC provides a second mortgage of 40 percent and the business owner provides a down payment of 10 percent.

“Ninety percent financing allows our clients to retain more cash for their business. The long-term, fixed interest rate allows them to focus on their business rather than worry about fluctuating occupancy costs,” explains Kurt Chambliss, TMC’s Executive Vice President. “The fixed 25-year rate is particularly attractive recently, with interest rates predicted to continue rising next year.”

The 504 program was designed to help small businesses purchase the assets needed to grow their business. The loan can be used to purchase or construct a building for the business. It can also be used to purchase equipment, renovate/improve space, implement green energy efficiencies, or even to refinance conventional loans.

“We’re proud to be the top provider of SBA 504 financing in the Bay Area,” Morrison said. “This financing is a key component of keeping our local businesses growing and our communities strong.”

For more information about SBA 504 loans in the Bay Area, contact a TMC Financing Loan Expert or visit our website at