San Jose Dentistry Acquires Office Space for $1.16 Million with SBA 504 Loan
As published in SF Gate:
San Jose Dentistry Acquires Office Space for $1.16 Million with SBA 504 Loan
Ahmad R. Abdollahi D.M.D. Inc. Obtains SBA 504 Funds From TMC Financing
TMC Financing, a leading Certified Development Company (CDC) providing Small Business Administration (SBA) 504 real estate financing in California and Nevada, today announced that Ahmad R. Abdollahi D.M.D. Inc. has purchased a property in San Jose with an SBA 504 loan for $1,160,000. The project features a 4,194 square foot building located at 2100 Curtner Avenue, San Jose, California.
“The opportunity for small businesses to own property is becoming easier than ever with today’s low interest rates,” said Barbara Morrison, President and CEO, TMC Financing. “With the help of 504 financing from TMC, Doctors Ahmad and Afshin Abdollahi were able to purchase space for their growing dental practice at a below-market interest rate, fully fixed and amortized for 20 years.”
Bruce Whitaker, Senior Vice President – Business Development at TMC Financing, worked with Doctors Ahmad and Afshin Abdollahi to provide financing through 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 March SBA 504 interest rate is 4.29%, fully fixed for 20 years.
Doctors Ahmad and Afshin Abdollahi established their practice in 1994 and now services the greater South Bay Area as a general dentistry with offices in San Jose and Mountain View.
About TMC
During the past 30 years, TMC has provided approximately $7.2 billion in SBA 504 financing for more than 4,200 businesses throughout California and Nevada. 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 number one SBA 504 Lender in Northern California and Las Vegas. TMC’s experienced staff 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 http://www.tmcfinancing.com.