SAN FRANCISCO--(BUSINESS WIRE)--TMC Financing, San Francisco Bay Area’s leading Certified Development Company (CDC) and provider of SBA 504 loans, announced their sponsorship of ‘Many Faces. One Dream.’ (MFOD) conference, in Oakland on April 21st and 22nd at the Oakland Marriott City Center. TMC Financing will participate at the event as an exhibitor and panelist, educating attendees on alternative financing options.
Launched by the U.S. Small Business Administration and the National Black Justice Coalition, the mission of MFOD is to provide economic empowerment for minority business owners within the lesbian, gay, bisexual, and transgender (LGBT) communities. MFOD provides an outlet for teaching and sharing pathways of success for businesses that sometimes lack visibility or access to capital. The two-day event will provide workshops, one-on-one sessions, small group counseling, and a Business Resource Expo with local community partners. Another supporting resource at this event will include TMC Working Solutions, TMC Financing’s sister company, which provides microloan financial assistance to local Bay Area entrepreneurs.
“TMC is proud to partner with ‘Many Faces. One Dream.’ and support this organizations’ mission,” said Barbara Morrison, President and CEO of TMC Financing. “This is a great opportunity to support our community and directly help local businesses. Through economic development companies like TMC, we can assist small business owners with the tools they need to make dreams a reality.”
In the last two years, TMC Financing has provided more than $95 million in financing to over 40 minority-owned businesses throughout California.
To learn more about how to attend this conference please visit: manyfacesonedream.com/oaklandsan-francisco/.
About the SBA 504 Program
Small Business Administration (SBA) 504 financing offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. SBA 504 loans provide 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 April SBA 504 interest rate is 5.18%, fully fixed for 20 years. The typical loan structure for an SBA 504 loan comes from a first mortgage with a conventional lender and second from a certified development company (CDC).
About TMC Financing
TMC Financing provides Small Business Administration (SBA) 504 real estate financing and is the leading Certified Development Company (CDC) in Northern California and Southern Nevada. During the past 30 years, TMC has provided over $7.5 billion in SBA 504 financing for more than 4,500 businesses. This financing has resulted in the creation of over 33,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade. For more information, visit tmcfinancing.com.
