TMC Financing grows Bay Area business development teams

 
Feb. 13, 2015 - PRLog -- TMC Financing today announced new territory assignments for its Bay Area business development associates.

Courtney Cechetini joins TMC to work alongside Bruce Whitaker, senior vice president/business development, in providing commercial real estate financing to qualified small- and medium-sized businesses across the South Bay, Silicon Valley and central California coast, via the Small Business Administration 504 loan program. Cechetini comes to TMC from the Santa Cruz Chamber of Commerce.

Scarlett Sheldon moves from the South Bay to join SVP David Griffis in providing SBA 504 lending in San Francisco, the North Bay and the northern California coast. Sheldon, who joined TMC in 2012 as a loan closing officer, has worked in finance and real estate her entire career.

Anna O’Brien will now concentrate full-time on assisting clients in the East Bay and Central Valley with SBA 504, alongside SVP Kurt Chambliss. The daughter of TMC Founder Barbara Morrison, O’Brien has spent the past four years as a business development associate, serving lenders, brokers and business owners across the East Bay, North Bay and San Francisco.

“This arrangement allows our team to focus our expertise when serving local small-business owners,” said Rich Grant, TMC executive vice president. “When you’re purchasing commercial property in a market this hot, you want an advocate who is responsive and understands the local area. Our people are the reason we’re the No. 1 SBA 504 lender in Northern California.”

At TMC, business development associates are charged with providing analysis and support for the financing of SBA 504 commercial real estate loans. They assist the senior development staff in guiding small- and medium-sized business owners through the SBA lending process.

About SBA 504 real estate loans

The 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 businesses and communities long-term stability. Business owners can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website (http://tmcfinancing.com/financing/prequalify/?utm_medium=...).

About TMC Financing

Founded in 1981, TMC Financing is the largest provider of SBA 504 real estate financing in Northern California and Nevada. TMC consistently ranks among the top CDCs nationwide, funding projects worth more than $8 billion across California and Nevada. More than 4,700 businesses have benefitted from this financing, resulting in the creation of an estimated 35,000 jobs. For more information onSBA 504 loans and the local businesses they support, visit tmcfinancing.com (http://tmcfinancing.com/?utm_medium=nr&utm_campaign=b...).

Contact
Kori Skinner
***@tmcfinancing.com
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