TMC Financing provides over $630 Million in SBA 504 Financing to Businesses

November 12th, 2013

TMC Financing provides over $630 Million in SBA 504 Financing to Businesses

TMC Financing provides over $630 Million in SBA 504 Financing to Businesses,
Helps to create and retain more than 10,000 jobs in Fiscal Year 2013

TMC Financing today announced a record breaking fiscal year, providing over $630 million in SBA 504 financing. From October 1, 2012 through September 30, 2013, TMC approved financing for 287 business owners throughout California and Nevada. The financing provided businesses the capital to purchase commercial real estate and large equipment to expand operations. This financing also helped businesses create and retain 10,878 jobs.

TMC maintained leadership standing as the #1 Certified Development Company (CDC) in Northern California and Southern Nevada. In the San Francisco Bay Area, TMC was the top SBA 504 commercial real estate lender, providing over $93 million in SBA financing. TMC was also top SBA 504 lender in Sacramento, $12.6 million, and Southern Nevada, $45 million in SBA financing.

In fiscal year 2013, TMC partnered with over 70 different banks for SBA 504 loans. The top ten participating banks include; Bank of America, JP Morgan Chase Bank, Union Bank, Wells Fargo Bank, City National Bank, Bank of the West, OneWest Bank, Plaza Bank, Bridge Bank and California Bank & Trust.

TMC also provides financing for a diverse collection of industries including; healthcare professionals, hotels, restaurants, retailers, manufacturers, wholesalers, and contractors.

SBA 504 financing offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. The program was created to help encourage economic development by providing long-term stability for businesses with the ability to retain working capital, which can be used to further grow the business and create new jobs. The typical SBA 504 loan provides up to 90% financing. Business owners can find out if they meet the qualifications for an SBA 504 loan by visiting TMC Financings website here.

TMC Financing has been ranked in the top 5 CDCs nation-wide for over a decade. Currently, TMC Financing is ranked as the #1 CDC in Northern California and Southern Nevada, and is the #2 CDC nationally. The present SBA 504 rate is 5.44% fully fixed for 20 years. For historical monthly SBA 504 rates, visit tmcfinancing.com.