TMC Financing Assisted 461 Small Businesses, Securing Over $1.7 Billion in Total Financing for Fiscal Year 2023
For the third consecutive year, TMC Financing is the No. 1 U.S. Small Business Administration (SBA) 504 lender in the nation. In fiscal year 2023, which ended September 30th, TMC Financing authorized 461 SBA 504 loans, totaling $1.7 billion in total project financing. The number and volume of loans approved by TMC Financing surpassed all other SBA 504 lenders in the nation.
TMC Financing, a non-profit mission-based lender, administers below-market, fixed-rate loans to small business owners to purchase, construct, or refinance fixed assets, such as commercial real estate and equipment.
Loans approved by TMC Financing in fiscal year 2023 are projected to generate 4,475 new jobs.
“These results are a tribute to all of our team members who remain dedicated to helping small businesses achieve their dreams,” said Barbara Morrison, founder and president, TMC Financing.
In addition to its national recognition, TMC Financing is the top 504 lender in Arizona, California, and Oregon.
“We expanded into Arizona two years ago and fiscal year 2023 marked our first full year operating in Oregon,” explains Morrison. “The pace at which we’ve impacted the small business community in both states is a testament to our team’s dedication. I can’t wait to see what next year brings.”
Since its founding in 1981, TMC has secured more than $12 billion in SBA 504 commercial real estate financing for 6,000 small businesses. As a result of this financing, these small businesses have created over 60,000 jobs.