TMC Financing facilitates expansion of Hwang Law Group utilizing SBA 504 Loan

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Hwang Law Group, a Las Vegas-based law firm, has purchased property at 2880 S. Jones Blvd. for $550,000. The 2,600-square-foot space was purchased with an SBA 504 loan from TMC Financing. By utilizing the SBA 504 Program, Hwang Law Group was able to obtain 90 percent financing with a 25-year fixed rate loan.

Founded less than four years ago by attorney Tin Hwang, Hwang Law Group was first established in a leased single-office suite. The firm has since nearly quadrupled in size, necessitating a larger, more advantageous office location. To fulfill this need, and with the desire to own her own space rather than lease, Hwang reached out to TMC Financing.

“I knew we would eventually need a larger office — we’ve added more employees every year. With some research, I saw that the SBA 504 Loan was the best option available to finance the purchase, but I didn’t have all the answers after that,” Hwang said. “The team at TMC made the whole process simpler than I’d ever thought, filling in the blanks and keeping everything running smoothly.”

TMC worked with Hwang to secure the necessary financing to turn her vision into reality. With the help of her sister who is a licensed Realtor, Hwang located the perfect location for her office’s expansion, and negotiated the sale with the owner, who had originally planned to lease the space. The purchase was completed late last year, and the law firm, which specializes in personal injury, estate planning and family law, is already up and running at its new location.

“The SBA 504 Loan is one of the soundest financing options available for strategic small business expansion, which is why it was an excellent option for Tin and her business at this crucial stage in their growth cycle,” said Chris Hunter, senior vice president of business development for TMC Financing.

The SBA 504 Loan program provides financing to business owners for the purchase of real estate and fixed assets. The program features a down payment as low as 10 percent and a below-market rate, fixed and fully amortized over 25 years. Since its founding, TMC Financing has provided funding to more than 5,000 projects, with a total value in excess of $9 billion.

Despite the loan’s benefits, misconceptions often deter business owners from taking advantage of the SBA program.

“Many professionals incorrectly assume there’s a lot of complexity with the loan, which discourages them from pursuing further,” said Hunter, who worked directly with Hwang throughout the deal. “With Tin, like all our clients, we communicated frequently, answering any and all questions as they came up, so she always knew where we were in the process. With the right financing partner, the SBA 504 Loan is very straight forward.”

The U.S. Small Business Administration 504 loan program allows small-business owners to finance commercial real estate and other fixed assets with long-term, below-market, fixed interest rates. SBA 504 loans can be used to finance the total project cost (TPC), which can include the purchase price, construction/renovations, equipment, soft costs and closing costs. A typical 504 loan project requires a down payment of only 10 percent of the TPC from the borrower, with the remaining amount split between a first mortgage provided by a conventional lender and a second mortgage provided by a certified development company (CDC). By enabling owners to keep their capital working to grow the business and create jobs, the 504 program provides long-term stability to both businesses and communities. Business owners can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website.

Founded in 1981, TMC Financing is the No. 1 provider of SBA 504 commercial real estate financing in California and Nevada. TMC consistently ranks among the top CDCs nationwide, funding projects worth more than $9 billion across California and Nevada. More than 5,000 businesses have benefited from this financing, resulting in the creation of an estimated 60,000 jobs. For more information on SBA 504 loans and the local businesses they support, visit