SBA 504 Loan Offers Affordable Financing for RV Park Acquisitions
05/05/21, 11:56 AM
Location
bakersfieldAn 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.
Company Info
Location
bakersfield, california, united states
Additional Info
TMC Financing is the no. 1 provider of SBA 504 commercial real estate loans in the Western Region of the U.S., helping small business expand throughout California, Nevada and Arizona. Founded in 1981, TMC is the number one certified development company in the West and has funded projects worth more than $10 billion across California, Nevada and Arizona. About 6,000 businesses have benefited from this financing, resulting in the creation of an estimated 60,000 jobs.