(English) Silver State Analytical Laboratories Expands Into Northern California Following SBA 504 Loan From TMC Financing

对不起,此内容只适用于美式英文。 For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.

As published in

Silver State Analytical Laboratories, a Las Vegas-based full-service analytical and microbiological testing laboratory, has purchased a 12,000 square-foot laboratory space in Rocklin, Calif., expanding its operations to the greater Sacramento area. The acquisition was made possible by TMC Financing, a lender that provides SBA 504 commercial real estate loans to businesses in California and Nevada.

Silver State offers quality, in-house analysis and support services for clients in the environmental, utility, engineering, construction, food processing, chemical, mining, resort and hospitality industries. They are headquartered in Las Vegas and complete project work in neighboring states including Utah, Arizona and California. Although they are committed to maintaining Las Vegas as their home base, they had dreams of bringing their business to additional key markets. When the Rocklin, Calif. laboratory became available, David Frohnen, president of Silver State Analytical Laboratories, knew it was the ideal opportunity.

The laboratory is custom built for food safety and environmental testing and strategically located near interstate 80 and highway 65 providing direct access to customers. With the total cost of the building at $1.8 million, he found the SBA 504 loan the most cost-effective way to fund the purchase. He contacted TMC Financing and ultimately moved forward with obtaining the SBA 504 loan through their team.

“The fact that TMC Financing is licensed in both California and Nevada gave us the unique ability to assist Silver State Analytical Laboratories in their goal of developing their business in Northern California,” said Chris Hunter, Senior VP of Business Development for TMC Financing. “Silver State offers invaluable services to the residents in Southern Nevada, so we’re pleased to have played an integral role in bringing their expertise to a new community.”

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.

“The SBA 504 loan that we received through TMC Financing afforded us the ability to expand our business into an area with a large economy and demand for our services,” said Frohnen. “Chris Hunter and his team made the process fast and easy and offered a package with very attractive interest rates. Since they are an SBA-approved lender, the process was completed much faster than I expected.”

For more information about Silver State Analytical Laboratories, visit http://www.ssalabs.com/.

About SBA 504 real estate loans

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 commercial 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.