TMC tops Bay Area SBA lender list

Posted on | by asblankproject
December 5th, 2014

TMC tops Bay Area SBA lender list

TMC Financing again ranks as the top SBA 504 lender in the Bay Area and as the second-largest SBA lender overall, according to the San Francisco Business Times.

“To be recognized this way is really a testament to how valuable the 504 program is to small and mid-sized businesses,” Barbara Morrision, TMC president & CEO, said. “The 504 loan is specific: it can be used to buy or improve owner-occupied facilities. There’s no maximum project size and it has the lowest out-of-pocket costs compared to conventional or 7a loans, so business owners can keep their operating capital working for the business.”

While conventional and SBA 7a loans are offered by banks, SBA 504 loans require the participation of a certified development company. TMC is the No. 1 CDC in Northern California and Nevada, and has provided more than $8 billion in financing since 1981, creating and/or retaining an estimated 35,000 jobs.

Top SBA Lenders in SF Bay Area

List complied by the San Francisco Business Times.

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