TMC Financing announced a record breaking year in the Las Vegas market, providing over $22 million in SBA 504 financing. In 2013, TMC approved financing for 38 business owners throughout Nevada. The financing provided businesses the capital to purchase commercial real estate and large equipment to expand operations. This financing helped businesses create and retain 1,554 jobs in Clark County alone. TMC also maintained leadership standing as the #1 Certified Development Company in Southern Nevada/Clark County for the third year in a row.
“Last year we saw signs of growth in the commercial real estate market for Clark County, which is a great sign for a rebound of the overall economy,” said Cindy Santilena, CCIM, Senior Vice President of business development at TMC Financing. “We predict we will see continued growth in 2014.”
In 2013, TMC partnered with a multitude of banks for SBA 504 loans. The top four participating banks include: Bank of America, Bank of Nevada, Meadows Bank and Nevada State Bank.
TMC also provides financing for a diverse collection of industries including: medical and dental service, manufacturing, restaurants, wholesale and business service, to name a few.
“At TMC we are dedicated to helping small businesses throughout Clark County grow and succeed. We are experts at navigating the SBA 504 process for owners, brokers and lenders, and we are specialists in this market. Its home and it’s where I’ve been working for over 20 years,” said Ann Santiago, Senior Vice President of business development. “We are very proud of the impact our efforts are making towards helping the Las Vegas market strengthen through helping local business owners.”
SBA 504 financing offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. The program was created to help encourage economic development by providing long-term stability for businesses with the ability to retain working capital, which can be used to further grow the business and create new jobs. The typical SBA 504 loan provides up to 90% financing. Business owners can find out if they meet the qualifications for an SBA 504 loan by visiting TMC Financing’s website here. (http://tmcfinancing.com/en/financing/prequalify/)
TMC Financing has been ranked in the top five Certified Development Companies (CDCs) nationwide for over a decade. Currently, TMC Financing is ranked as the #1 CDC in Northern California and Southern Nevada, and is ranked as the #2 CDC nationally. The January SBA 504 rate is 5.53% fully fixed for 20 years. For historical monthly SBA 504 rates, visit tmcfinancing.com.