Educational Software Company Secures $5 Million SBA Real Estate Loan from TMC Financing
As published in International Business Times:
Educational Software Company Secures $5 Million SBA Real Estate Loan from TMC Financing
School Innovations & Achievement Purchases an Office space, Creating 35 Jobs with SBA 504 Financing
TMC Financing today announced that School Innovations & Achievement has purchased office space in El Dorado Hills, CA with an SBA 504 loan for $5,086,574. The project includes a 45,416 square foot space located at 5200 Golden Foothill Parkway, El Dorado, CA.
“School Innovations & Achievement came to TMC wanting to reduce their current monthly expenses and with our help they were able to lock in a below-market fixed rate for 20 years. With this capital, School Innovations & Achievement will be able to add 35 jobs to their workforce,” said Barbara Morrison, President & CEO of TMC Financing.
“Now is the time business owners should be reviewing their real estate financing options to secure favorable interest rate terms, before market rates go up,” said Morrison.
Jim Azevedo, Senior Vice President at TMC Financing, worked with School Innovations & Achievement to provide financing via the SBA 504 commercial real estate loan program. 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 July SBA 504 interest rate is 5.22%, fully fixed for 20 years.
“TMC Financing was a dream to work with, making the SBA loan process seamless!” said Jeff Williams, Founder and CEO of School Innovations & Achievement.
School Innovations & Achievement was founded by Jeff Williams in February of 2003. Williams started School Innovations & Achievement with the intent to bring products and services to the education system. Growing from back-office facilitators at most of California’s school districts and county offices of education, into creators of unparalleled products and services; most notably Attention2Achievement (A2A) which is a software solution working in over 1,400 districts and serving nearly 1 million students by creating a culture of achievement. School Innovations & Achievement’s products and services are strengthening the partnership between schools and homes: increasing parent communication, recovering learning time, improving graduation rates and closing the achievement gap.
About TMC
TMC Financing is the number one Certified Development Company (CDC) in Northern California and Southern Nevada providing Small Business Administration (SBA) 504 real estate financing in California and Nevada. During the past 30 years, TMC has provided over $7.2 billion in SBA 504 financing for more than 4,200 businesses including over 300 woman-owned businesses. This financing has resulted in the creation of 30,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade, and is the leading SBA 504 Lender in Northern California and Las Vegas. TMC’s experienced team works directly with borrowers, first mortgage lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower’s credit capacity. For more information, visit tmcfinancing.com.