Securing $134 Million for Nevada Small Businesses, a 22% Increase for FY24
TMC Financing continues to solidify its position as Nevada’s top SBA 504 lender in total dollars approved, facilitating $134 million in total project financing during fiscal year 2024.
These results indicate a 22% increase over the previous year, supporting 36 Nevada small businesses in their efforts to purchase, construct, or refinance commercial real estate and equipment.
“The growth we’ve achieved this year is a reflection of Nevada’s thriving entrepreneurial spirit and TMC’s unwavering dedication to supporting small business success,” said Chris Hunter, Nevada business development officer for TMC Financing. “The substantial increase in financing shows that more businesses are taking advantage of opportunities to expand, and we’re proud to be a trusted partner in helping them build a solid foundation for the future.”
TMC Financing, a nonprofit mission-driven lender, provides small business owners with below-market, fixed-rate SBA 504 loans, empowering them to invest in their long-term growth.
In addition to its strong performance in Nevada, TMC Financing remains the No. 1 SBA 504 lender nationally for the fourth consecutive year. In fiscal year 2024, TMC approved 490 SBA 504 loans totaling $1.8 billion in project financing, surpassing all other SBA 504 lenders in both loan count and total dollar volume.
Since its founding in 1981, TMC Financing has secured more than $14 billion in SBA 504 commercial real estate financing for over 7,000 small businesses, helping to create over 60,000 jobs.