Archive for the “San Francisco Business Times”

Lending a Hand

Bay Area lenders and borrowers in the SBA Paycheck Protection Program shared their insights with me this week into how the second installment of the program is working — and how it is not.

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SBA changes win over Bay Area early critics of small business stimulus efforts

With 25 years of banking experience, Jennifer Davis, based in LA county, spearheads TMC Financing’s mission in Southern California. As senior vice president of business development, Davis is responsible for educating business owners, commercial mortgage lenders and commercial real estate brokers about the SBA 504 program and other lending opportunities.

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Best Places to Work in the Bay Area, Smallest Companies

These companies ranked as the 2018 Best Places to Work in the Bay Area among the smallest companies with between 25 and 49 workers in the region. The ranking is based on scores obtained from a survey of the company’s Bay Area employees, administered by Quantum Workplace.

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TMC sees big jump in SBA-backed real estate loans

San Francisco-based TMC Development saw a 68 percent increase in the volume of lending it helped facilitate through the SBA’s 504 loan program.

TMC said it helped provide Small Business Administration-backed financing of $184.83 million for 220 small businesses to finance real estate purchases in TMC’s fiscal year that ended Sept. 30.

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Bay Area finance veteran takes aim at Square, PayPal with new lending service

Barbara Morrison, president of Oakland-based TMC Financing, has worked with thousands of small business owners over the years to help them secure commercial real estate financing backed by the Small Business Administration. Increasingly, she doesn’t like what she sees: More small businesses becoming dependent on convenient but costly merchant cash advances.

So Morrison created TMC Community Capital, an online microlender for medium- and higher-risk businesses that provides an alternative to cash advances from Square (NYSE: SQ), PayPal (NASDAQ: PYPL) and others.

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