TMC’s SBA Loan Clients Take Advantage of Stimulus Package

May 29th, 2009

TMC’s SBA Loan Clients Take Advantage of Stimulus Package

TMC Development, one of the nation’s top SBA lenders, has begun to fund SBA 504 loans for small businesses that take advantage of the 2009 Stimulus Package. The stimulus bill was signed by President Obama in February and included changes to SBA financing programs for all new approved loans.

In order to encourage lending these changes included the drastic reduction in SBA loan fees. The result for SBA 504 loans was the elimination of all out-of-pocket loan fees. When combined with the current historically low rates (May interest rate is 5.29%) the stimulus bill has made it an ideal time for small businesses to purchase a building.

Some of the businesses which have taken advantage of these benefits by recently obtaining SBA 504 financing from TMC include the following:

Pinnacle Manufacturing Corp. Morgan Hill, CA Type of Business: Manufacturing – Sheet Metal

Skidmarks, Inc. San Francisco, CA Type of Business: Design

Miss Mirage Corp. Los Angeles, CA Type of Business: Suppy – Beauty

Piace Fashion, Inc. Los Angeles, CA Type of Business: Contractor – Garment

Cannon Safe, Inc. Claremont, CA Type of Business: Security – Home Safes

D III Transport Corporation Poway, CA Type of Business: Automotive – Transportation

To learn more about SBA 504 loans or how the stimulus package affects small business financing please contact us at 888.989.8855 or find information online at www.tmcd.com.