TMC Financing helped Cleveland O’Neal III, owner of Connection III purchase a $1.22 million building in a commercial multi-use loft complex in Los Angeles. By utilizing the SBA 504 Program, O’Neal was able to purchase the property with only a 10 percent down payment and cut his monthly occupancy costs by 50%.
Continue
As posted by carwash.com The recent growth of the carwash industry is notable. Over the last five years, revenue has grown at an annualized rate of 4.0% to $12.3 billion,…
Continue
As posted in Today’s Veterinary Business. Veterinarians who own their practice should absolutely own the building. The benefits of owning outweigh those of leasing, and deciding to purchase a building…
Continue
Every year TMC employees and board members hop on a trolley and visit some of our local clients. At TMC, we process about 250 loans a year. With each deal,…
Continue
As posted in the September edition of CH&LA’s Lodging News For the past 10 years, hoteliers have been quick to recognize and take advantage of the booming hospitality industry. Demand…
Continue
TMC recently helped hoteliers Vikas Patel, Chotubhai Patel and Tejal Patel, secure $5.4M in total project financing. The funds were used to purchase two hotel properties in Napa. By utilizing multiple SBA 504 loans, the Patel’s were able to obtain 80% hotel financing at a below market rate, fixed for 25 years.
Continue
TMC helped the proud owners of LoCoco’s, husband and wife team of Joe and Kendal LoCoco, purchase the building that they were previously leasing for their restaurant. By utilizing the SBA 504 Program, the LoCoco’s were able to purchase the 12,000 SF building with only a 10% down payment combined with a 20-year fixed interest rate.
Continue
Business owners aiming to finance gas station equipment should look no further. The SBA 504 loan program is specifically designed to finance high quality gas station equipment with terms that are typically more attractive than conventional financing.
Continue
Being a Certified Public Accountant, Cochrane always knew that owning a building for her business was the most financially sound decision.
Continue
One aspect of owning and operating a business that is overlooked by many, excluding the small business owner of course, is how much equipment purchases can upset your cash flow….
Continue