TMC sees big jump in SBA-backed real estate loans
As posted on: San Francisco Business Times
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.
TMC’s figures stand in sharp contrast to 504 lending across the country. Nationally, SBA 504 lending fell 16 percent in terms of dollar-volume of loans and rose 18.5 percent in number of loans made.