TMC Financing Helped 467 Small Businesses Secure $1.65 billion in SBA 504 Total Financing in Fiscal Year 2022
OAKLAND, Calif., Nov. 2, 2022 /PRNewswire-PRWeb/ -- For the second year in a row, TMC Financing is the No. 1 U.S. Small Business Administration (SBA) 504 lender in the nation. In fiscal year 2022, which ended September 30th, TMC Financing approved 467 SBA 504 loans, totaling $1.65 billion in total project costs. The number of loans approved by TMC Financing surpasses every other SBA 504 lender in the U.S.
TMC Financing, a non-profit mission-based lender, administers below-market, fixed-rate loans to small business owners to purchase, construct, or refinance fixed assets, such as commercial real estate and equipment.
The loans approved by TMC Financing in fiscal year 2022 are projected to create 4,953 jobs.
"We're thrilled to produce such outstanding results for two consecutive years," said Barbara Morrison, founder and president, TMC Financing. "2021 was a record-breaking year for us but in 2022 we managed to approve 30 percent more in SBA 504 financing. While the totals are incredible, the real joy stems from the small businesses that we have helped grow."
TMC Financing was also the top SBA 504 lender in the Arizona Market, with 87 loans approved for $285 million in total project costs.
"Fiscal year 2022 was our first full year operating in Arizona," explains Morrison. "It's amazing to make such an impact on the Arizona small business community right out of the gate. We just expanded into Oregon so we look forward to working with Oregon small business owners in the upcoming year. Hopefully we make another big impact!"
Since its founding in 1981, TMC has secured more than $12 billion in SBA 504 commercial real estate financing for 6,000 small businesses. As a result of the financing, these small businesses have created over 60,000 jobs.
Business owners in Arizona, California, Nevada, or Oregon can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website at https://www.tmcfinancing.com/.
Media Contact
Amanda Near, TMC Financing, 4156555420, [email protected]
SOURCE TMC Financing
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