TMC Financing Helps Printing Specialists Refinance to Improve Cash Flow and Access Cash
Marcus Newton partnered with TMC Financing and took advantage of the SBA 504 Refinance Program. Refinancing their existing debt with an SBA 504 loan not only lowered Newton's occupancy costs by approximately $1,000 per month, but also significantly improved cash flow.
TEMPE, Ariz., Sept. 14, 2021 /PRNewswire-PRWeb/ -- Printing Specialists LLC, has been locally owned and operated for over 30 years. Owner, Marcus Newton, is proud to offer high-quality printed materials, promotional products, display graphics and copy services all under one roof.
Newton and his staff are dedicated to helping their clients stand out from their competitors by providing expert advice and planning for their printing needs.
"We are a locally owned business who serve local customers in the Tempe community," states Newton.
"We love what we do and in order to continue to grow – we knew we had to, not only improve sales, but also find ways to cut costs."
Fortunately, Newton partnered with TMC Financing and took advantage of the SBA 504 Refinance Program. Refinancing their existing debt with an SBA 504 loan not only lowered Newton's occupancy costs by approximately $1,000 per month, but also significantly improved cash flow.
Why Marcus Newton Chose SBA 504 Refinance Program
The SBA 504 Refinance Program allowed Newton to refinance his high interest conventional loan with a more affordable and advantageous SBA 504 loan.
Geoff McGivern, senior vice president of TMC Financing explains, "The SBA 504 Refinance Program was the perfect solution for Printing Specialists. It allowed Marcus to save on his monthly occupancy costs and allowed the business to access cash trapped in equity."
When refinancing with an SBA 504 loan, business owners can obtain up to 20 percent of the appraised value of the property in cash. The cash can be used on qualified business expenses, which include salaries, rent, utilities, inventory or other expenses of the business.
"Geoff McGivern and TMC Financing really made the murky waters clear," Newton recalls. "Geoff will walk you through the SBA 504 loan process and explain what is coming next before it happens, so you feel prepared."
If you are interested in learning more about how Marcus Newton utilized the SBA 504 Refinance Program click here or contact TMC Financing to speak to one of our 504 loan experts.
More About TMC Financing
Founded in 1981, TMC Financing is the nation's No. 1 provider of SBA 504 financing in the Western Region, which allows small-business owners to finance or refinance 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, which can include the purchase price, construction/renovations, equipment, soft costs and closing costs.
TMC Financing has secured financing for projects worth more than $10 billion across Arizona, California and Nevada. More than 6,000 businesses have benefited from this financing, resulting in the creation of an estimated 60,000 jobs.
Media Contact
Amanda Near, TMC Financing, 4156555420, [email protected]
SOURCE TMC Financing
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