131 Arizona Small Businesses Supported, Securing $401 Million in Total Financing for Fiscal Year 2024
For the third year running, TMC Financing remains Arizona’s leading U.S. Small Business Administration (SBA) 504 lender.
In fiscal year 2024, which concluded on September 30th, TMC Financing facilitated 131 SBA 504 loans in Arizona, amounting to $406 million in total project financing.
“Our results this year were exceptional—we approved 42% more loans and provided 18% more in total project financing than in FY23,” said Chris Bane, TMC’s senior vice president of business development in Arizona. “This kind of growth speaks volumes about the confidence Arizona’s entrepreneurs have in TMC Financing and the strength of our relationships with our lending and brokerage partners. We’re proud to have reached new heights in 2024, and we look forward to continuing to empower the community.”
Geoff McGivern, Bane’s partner added, “TMC’s impact in Arizona has been truly remarkable. Surpassing last year’s numbers by such a large margin underscores the increasing demand for our financing solutions and the dedication of our team to helping Arizona’s small business community thrive.”
Financiamiento TMC, a nonprofit mission-based lender, provides small business owners with below-market, fixed-rate loans to purchase, construct, or refinance commercial real estate and equipment.
Additionally, TMC Financing continues to be the No. 1 SBA 504 lender nationwide for the fourth consecutive year, approving 490 loans worth $1.8 billion in total project financing. The volume and number of loans authorized by TMC Financing in 2024 once again surpassed all other SBA 504 lenders across the country.
Since its founding in 1981, TMC Financing has secured over $14 billion in SBA 504 commercial real estate financing for more than 7,000 small businesses, helping to create over 60,000 jobs.