Barbara Morrison to Speak on Meet The Money® 2015 Panel

TMC Financing Founder & CEO Discusses Hotel Financing

. April 28, 2015

LOS ANGELES, CA. April 28, 2015. - TMC Financing today announced that Founder & CEO Barbara Morrison will speak at the 25th Annual Meet The Money® National Hotel Finance and Investment Conference, to be held May 4-6 at the Sheraton LAX.

Morrison will speak Tuesday, May 5 at 9:30 a.m. as part of the “Playing with a Full Capital Stack” panel. She will cover the advantages of the U.S. Small Business Administration 504 program for hospitality financing.

  • As little as 15% down leaves cash available for improvements, operating costs
  • Below-market, long-term FIXED rates

  • No limit on total project costs

  • No limit to the number of hotels/owner when energy savings requirements are met

  • Franchised or independent hotels qualify Funds for purchase, construction (including land) expansion, renovation and/or equipment/furnishings

“Unlike SBA 7(a) financing, the 504 program doesn't have a maximum loan amount,” Morrison said. “We have financed projects in excess of $25 million. And under recent regulatory changes, there is no limit to the number of projects hoteliers can finance through the SBA, as long as the project meets energy efficiency guidelines.

“Now that the economics of the hotel industry have recovered and more than half of current hotel owners are considering purchasing another property, the 504 program offers an affordable alternative to a conventional loan,” Morrison added.

About SBA 504 real estate loans

The Small Business Administration 504 loan program allows small-business owners to finance commercial real estate and other fixed assets with long-term, below-market, fixed interest rates. SBA 504 loans can be used to finance the total project cost (TPC), which can include the purchase price, construction/renovations, equipment, soft costs and closing costs. A typical 504 loan project requires a down payment of only 10 percent of the TPC from the borrower, with the remaining amount split between a first mortgage provided by a commercial lender and a second mortgage provided by a certified development company (CDC). By enabling owners to keep their capital working to grow the business and create jobs, the 504 program provides long-term stability for businesses and communities. Business owners can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website at tmcfinancing.com/prequalify.

About TMC Financing

Founded in 1981, TMC Financing is the largest provider of SBA 504 real estate financing in Northern California and Nevada. TMC consistently ranks among the top CDCs nationwide, funding projects worth more than $8 billion across California and Nevada. More than 4,700 businesses have benefitted from this financing, resulting in the creation of an estimated 35,000 jobs. For more information on SBA 504 loans and the local businesses they support, visit tmcfinancing.com.

Media Contact:
Kori Skinner
[email protected]
415-655-5414

Business Contact:

Kori Skinner
T: 4156555414
E: [email protected]

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