Customer Profile

TMF Funds Businesses that are:

• Led by strong, experienced management

• Positioned for growth

• Financially sound with repayment capacity

• Driven by a clear, actionable strategy

Eligibility:

• Growth-oriented businesses:  manufacturing, distribution, service, retail, other; minimum of two complete years of operations

• Economic development focus:  job creation/retention for low/moderate income persons OR businesses located in low/moderate income  census tracts 

Loan Amounts

• Minimum Amount → $100,000

• Real Estate (1st Lien) → Up to $2,000,000 for loan collateralized by real estate with TMF in  a first lien position (90% LTV in most cases)

• SBA 504 Real Estate Loan (1st Lien) → Up to $2,000,000 for TMF 1st lien 504 real estate loans

• Real Estate (2nd Lien) → Up to $800,000 for loan in tandem with another lender, TMF in second lien position on real estate (combined LTV of 90%)

• New Equipment (1st Lien) → Up to $1,000,000 with TMF in first lien position secured by new equipment (up to 90% LTV in most cases)

• New Equipment (2nd Lien) → Up to $500,000 with TMF in second lien position  secured by equipment (up to 85% LTV in most cases) 

Use of Funds:

• Working Capital, Equipment, Business Acquisition

• Real Estate Acquisition or Rehab/Construction Owner– Occupied Real Estate / Affordable Housing

• Bridge Financing for SBA 504 and Other Real Estate Transactions

Collateral / Guarantees:

• TMF lien position determined by financing structure

• Business Assets—real estate, equipment

• Personal Assets

• Assignment of Life Insurance

• Personal Guaranty of Owner(s) is required for any party owning 20% or more