TMC Financing
TMC Financing is a nonprofit Certified Development Company and the nation's No. 1 SBA 504 lender, facilitating below-market fixed-rate commercial real estate financing for small business owners across Arizona, California, Hawaii, Nevada, and Oregon.
- Company typePrivate
- Founded1981
- HeadquartersOakland, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TMC Financing does
TMC Financing is a nonprofit Certified Development Company (CDC) founded in 1981 by Barbara Morrison in Oakland, California, and currently led by President and CEO Omar Salah following a 2025 leadership transition. Operating as the nation's No. 1 SBA 504 lender under a Premier Certified Lender designation with the highest 4-star SBA rating, TMC facilitates below-market, fixed-rate commercial real estate financing for small business owners across Arizona, California, Hawaii, Nevada, and Oregon. As of recent disclosures, the company has secured $16 billion in SBA financing for over 8,000 businesses and helped create more than 63,000 jobs, with a 95-99% SBA approval rate and an average loan closing timeline of approximately 60 days.
TMC Financing firmographics
Firmographics- Name
- TMC Financing
- Legal name
- TMC Financing
- Website
- https://tmcfinancing.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TMC Financing is a nonprofit Certified Development Company and the nation's No. 1 SBA 504 lender, facilitating below-market fixed-rate commercial real estate financing for small business owners across Arizona, California, Hawaii, Nevada, and Oregon.
- Ownership category
- akta.pro rank
Where TMC Financing is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
TMC Financing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- SBA 504 Loan Origination and Servicing: TMC Financing generates revenue through originating and servicing SBA 504 loans. As a CDC, they receive fees from the SBA loan program, including processing fees (approximately 2.65% of the SBA loan amount) and legal fees. They also earn interest income on the second mortgage portion they service.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | SBA 504 Loan - 25-Year Term at 6.17% |
| Other | Monthly | SBA 504 Loan - 20-Year Term at 6.20% |
| Other | Monthly | SBA 504 Loan - 10-Year Term at 6.19% |
| Usage-based | Monthly | Community Advantage Loan - $50,000 to $350,000 |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
TMC Financing product offering
Product offeringCore offering
TMC Financing is a nonprofit Certified Development Company (CDC) that originates, processes, closes, and services SBA 504 loans for small business owners purchasing, constructing, or refinancing owner-occupied commercial real estate. As the nation's No. 1 SBA 504 lender, TMC structures the second mortgage portion (typically 40% of project cost) of SBA 504 loans at below-market fixed rates, with conventional lenders providing the first mortgage (50%) and the borrower contributing 10% down.
Product overview
TMC Financing operates as a nonprofit Certified Development Company (CDC) and the nation's No. 1 SBA 504 lender, offering a comprehensive suite of commercial real estate financing products primarily through the SBA 504 loan program. The core offering is the SBA 504 Loan, a second mortgage financing solution that provides up to 90% LTV with just 10% down, below-market fixed rates for 25 years, and no additional collateral required. Supporting products include SBA 7(a) Community Advantage Loans for underserved markets ($50K-$350K), TMC Community Capital microloans for California entrepreneurs, and specialized financing modules for construction, hotel/hospitality, energy efficiency (Green Energy Program), equipment, special-purpose properties, and refinance. The VetLoan Advantage Program provides enhanced benefits for veteran-owned businesses. The company also provides digital tools including an SBA 504 Loan Calculator (web and mobile app) and Secure File Transfer portal. TMC serves small businesses across Arizona, California, Hawaii, Nevada, and Oregon.
Differentiator
Problem solved
Functional benefit
Brands
- TMC Community Capital: A nonprofit online microlender providing affordable microloans for underserved business owners, with a particular focus on women-owned businesses.
Products and services
- SBA 504 Loan The primary SBA 504 loan product offering below-market fixed-rate financing (currently 6.17% for 25-year terms) for small business owners to purchase, construct, or refinance owner-occupied commercial real estate. Provides 90% financing with only 10% down payment, 25-year fully-amortized terms, and no additional collateral required, with maximum loan amounts up to $5 million per project.
- SBA 7(a) Community Advantage Loan
Quantifiable outcome
- SBA approval rate of 95-99%
- +4 more outcomes
Companies that use TMC Financing
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
TMC Financing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TMC Financing partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Bank of AmericacoreBank partner providing first mortgage financing for SBA 504 loans. TMC works with Bank of America and other banks to facilitate the dual-tranche SBA 504 loan structure.
- Wells FargocoreBank partner providing first mortgage for SBA 504 loans. Wells Fargo Corporate Trust Services also serves as the central servicing agent for SBA 504 loans.
- JPMorgan ChasecoreBanking partner providing first mortgage financing in SBA 504 loan structures.
- U.S. BankcoreRegional and national bank partner for SBA 504 first mortgage financing.
- TMC Community CapitalcoreSister nonprofit organization providing online microloans to underserved business owners. Founded in 2018 by Barbara Morrison, TMC Community Capital has disbursed over $7 million to approximately 350 businesses, with 82% supporting entrepreneurs of color, 56% women-owned businesses, and 75% for low-to-moderate income business owners.
- Real Estate Brokers (Various)coreNetwork of real estate brokers referring clients to TMC for SBA 504 financing. TMC provides co-marketing support, pre-qualification analysis, and customized loan proposals for broker clients.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
TMC Financing competitors and assessment
Company assessmentDirect peers
- Live Oak Bank: A digitally focused, SBA-heavy small business lender that originates SBA 504 and 7(a) loans nationally. Comparable to TMC in SBA product focus and SMB borrower base, though operating as a for-profit bank rather than a nonprofit CDC.
- CDC Small Business Finance: California-based nonprofit Certified Development Company that originates SBA 504 loans, directly competing with TMC in the same California market and serving a similar small-business owner-occupied CRE borrower base with the same dual-tranche SBA 504 structure.
- Pursuit (formerly Pursuit CDC): CDFI and CDC originating SBA 504 and community development loans for small businesses, with a mission-driven focus similar to TMC's nonprofit structure and emphasis on underserved borrowers.
- Celtic Bank: Utah-based SBA-preferred lender with significant SBA 504 and 7(a) origination volume. Comparable to TMC as a top-tier SBA 504 originator serving small business commercial real estate borrowers.
- Mountain West Small Business Finance: Regional CDC originating SBA 504 loans in the western U.S. Comparable to TMC as a CDC focused on SBA 504 origination for owner-occupied CRE, with overlapping geography in Nevada and adjacent western states.
- Newtek Small Business Finance: SBA-preferred lender offering SBA 504 and 7(a) loans to small businesses nationwide. Competes with TMC in SBA 504 origination for owner-occupied commercial real estate and has similar scale in SBA lending volumes.
Others
- Small Business Administration (SBA): Federal agency that guarantees the SBA 504 program and sets program rules. Not a competitor but the structural counterparty that defines TMC's product, eligibility, and economics — making SBA program decisions the single largest external driver of TMC's business.
Regional players
- California Coastal CDC: Regional CDC authorized to originate SBA 504 loans in California. Competes with TMC within California on SBA 504 origination for small business owner-occupied commercial real estate financing.
- Pacific Coast Regional CDC: Regional nonprofit CDC originating SBA 504 loans in southern California, overlapping with TMC's LA/Inland Empire/Orange County territory and serving the same small business CRE borrower segment.
Broad incumbents
- Northeast Bank: Maine-chartered community bank with a national SBA lending division. Comparable to TMC in SBA 504 origination for small business commercial real estate, though operates as a broader diversified bank rather than a specialized CDC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
TMC Financing social profiles
Digital presenceTMC Financing financial estimates
Financial estimateRevenue estimate
Valuation estimate
TMC Financing leadership team
Management profileNumber of profiles
Profiles9 records
TMC Financing subsidiaries and ownership
Company hierarchySubsidiaries1 record
TMC Financing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TMC Financing M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TMC Financing
What does TMC Financing do?
TMC Financing is a nonprofit Certified Development Company (CDC) that originates, processes, closes, and services SBA 504 loans for small business owners purchasing, constructing, or refinancing owner-occupied commercial real estate. As the nation's No. 1 SBA 504 lender, TMC structures the second mortgage portion (typically 40% of project cost) of SBA 504 loans at below-market fixed rates, with conventional lenders providing the first mortgage (50%) and the borrower contributing 10% down.
Is TMC Financing a public or private company?
TMC Financing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was TMC Financing founded?
TMC Financing was founded in 1981. It employs 11 to 50 people.
Where is TMC Financing based?
TMC Financing is headquartered in Oakland, United States, in the North America region.
How does TMC Financing make money?
One revenue line is on record: SBA 504 Loan Origination and Servicing.
Who are TMC Financing's main competitors?
Direct peers on record are Live Oak Bank, CDC Small Business Finance, Pursuit (formerly Pursuit CDC), Celtic Bank, Mountain West Small Business Finance and Newtek Small Business Finance. Small Business Administration (SBA) is listed as an others. Regional players are California Coastal CDC and Pacific Coast Regional CDC. Northeast Bank is listed as a broad incumbent.
Does TMC Financing have an API?
No public API is recorded for TMC Financing.