Archive for the “TMC”

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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Jennifer Davis Named a Top Lender in LA

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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Industry Impact Award Winner: Barbara Morrison

Barbara Morrison, CEO and Founder of TMC Financing, known for her leadership and advocacy for women and small business owners, received the Industry Impact Award at ELEVATE. ELEVATE is an annual Bay Area wide event honoring diversity and women’s leadership in commercial real estate planned and organized by The Registry, a Bay Area commercial real estate media leader, and the three Bay Area chapters of CREW, San Francisco, Silicon Valley and East Bay. The Industry Impact Award honors a dynamic woman who has made an immeasurably positive impact within the commercial real estate industry through entrepreneurial spirit, deal-making and commitment to diversity.

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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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Forgotten SBA Program gets New Life

The Small Business Administration ‘ s 504 program has operated in the shadow of the larger , more popular 7 ( a ) loan guarantee program throughout its 60 – year – history . This year is proving to be an exception .

SBA officials , as well as lenders at the certified devel – opment companies that participate in every 504 loan , ascribe much of the program ‘ s recent growth to a 25 . year lending product introduced in April 2018 . Prior to that , 20 years was the longest term for a 504 loan .

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Main Street Monday — Coleman 2017 Main Street Lenders of the Year

The Coleman Report is awarding 2017 small business lending professional awards in six categories. Main Street Lenders of the YearSBA 7(a) Lenders of the YearSBA 504 Lenders of the YearRural Small Business Lenders of the YearMission-Based Small Business Lenders of the YearEmerging Leader Small Business Lenders of the Year (Under 40)Winners are chosen from community nominations.

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The newly passed CARES Act allows for 6 months of debt forgiveness and offers two loan programs, Payroll Protection Program and the Economic Injury Disaster Loan.CLICK HERE FOR: COVID-19 Updates & Small Business Resources
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