Fundz

SBA 504 Loan Offers Affordable Financing for RV Park Acquisitions

PRIVATEMay 05, 2021

Round Type

Debt Financing

OaklandFinancial ServicesFinanceLending

Description

An RV Park in Bakersfield, California was recently purchased by utilizing the Small Business Administration’s (SBA) 504 Program. The total project cost, which included the land, the business, and equipment, totaled $8.5 million. The SBA 504 loan, which was administered by TMC Financing, allowed Orange Grove Holdings to make the acquisition with a down payment of only 15 percent.

Quick answer

TMC Financing raised an undisclosed amount in a Debt Financing round, dated May 5, 2021. TMC Financing is based in Oakland, California, United States.

How much did TMC Financing raise?
TMC Financing raised an undisclosed amount in a Debt Financing round on May 5, 2021.
What does TMC Financing do?
TMC Financing is a nonprofit 501(c)(4) Certified Development Company (CDC) with a mission to promote economic development and job creation by helping small businesses access affordable financing.
Where is TMC Financing based and how big is it?
TMC Financing is based in Oakland, California, United States. Fundz records about 100 employees.
Who are the decision-makers at TMC Financing?
Fundz holds 3 contacts at TMC Financing, including the Structured Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as TMC Financing that raised within 45 days of this round, from Fundz verified event records.

  • Libsyn raised $25M on June 14, 2021.
  • Hello Alice raised $15M on June 11, 2021.
  • Fold raised $13M (Funding Round) on May 27, 2021.
  • MANTL raised $40M on May 26, 2021.
  • Zip Co raised $30M on May 25, 2021.
  • Velocity Financial raised an undisclosed amount (Funding Round) on May 17, 2021.

Who to call at TMC Financing, and when

A new round usually means TMC Financing is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day TMC Financing raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at TMC Financing, from your own LinkedIn network

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Company Information

Company

TMC Financing

Location

1611 Telegraph Ave

Oakland, California, United States

About

TMC Financing is a nonprofit 501(c)(4) Certified Development Company (CDC) with a mission to promote economic development and job creation by helping small businesses access affordable financing. Since its founding in 1981, TMC has provided approximately $16 billion in SBA 504 commercial real estate financing to over 8,000 small businesses across Arizona, California, Hawaii, Nevada, and Oregon. These efforts have helped create more than 63,000 jobs. TMC is recognized as the #1 SBA 504 lender in the nation, offering long-term, fixed-rate financing that empowers small business owners to purchase, construct or refinance real estate and major fixed assets to grow their operations.

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Fundz sees it the moment TMC Financing raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsBarbara M., Structured Finance hidden hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for TMC Financing's next move

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TMC Financing raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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