RATES as low as

10-Year Fixed 4.470%

20-Year Fixed 4.510%


Loan Process


The initial assessment is conducted with the Borrower to discuss the project and SBA Loan parameters. The borrower shall complete and provide all documentation required by TCM. All documents shall be submitted to TCM with the Borrower's original signature included on each item.

TCM Board Approval

TCM staff performs loan underwriting and obtains Loan approval from the TCM Board of Directors within approximately five to ten business days.

SBA Loan Approval

TCM submits Board-approved Loans to the SBA - Fresno Office for final approval, which is generally obtained within approximately five business days.

SBA Written Commitment

The SBA issues a written commitment entitled "Authorization For Debenture Guarantee," which outlines the terms and conditions of the Loan. TCM reviews this documentation with the Borrower and obtains appropriate signature(s).

Lender Closing

A copy of the signed SBA Authorization For Debenture Guarantee is provided to the First Mortgage Lender. The First Mortgage Lender provides the interim financing for the project, initially advancing both the Lender funds and SBA funds to the Borrower.

TCM Closing

TCM will close the SBA portion of the loan upon completion of new construction or renovation to the subject property. For projects that involve the purchase of an existing building or equipment, the TCM closing will occur concurrent with the Lender's closing when possible, or as soon as possible thereafter.

Closing Borrower

Borrower shall pay all expenses and closing costs including but not limited to recording costs, filing fees, title insurance premiums, hazard insurance premiums, and flood insurance premiums (if applicable) which are required by the Authorization For Debenture Guarantee, as well as attorney fees incurred, if borrower elects to obtain legal representation.

SBA Funding

The Borrower pays interim interest to the lender until the date of SBA funding. Wells Fargo Corporate Trust Services, the Central Servicing Agent (CSA) for the SBA, wire transfers funds directly to the First Mortgage Lender, reducing the Lender to its permanent first mortgage level. Disbursements of debenture proceeds shall be made no later than 48 months from the date of the Authorization For Debenture Guarantee. SBA funding occurs approximately 60 to 90 days after the TCM closing. The debenture rate and subsequent note rate will be established at that time.

SBA Loan Payments

The SBA Loan and the first mortgage loan are two separate loans; each loan has its own payments and requirements. The Borrower will make two payments each month - one to the lender, and one to the SBA. The SBA payment is collected by Wells Fargo Corporate Trust Services (CSA) via an automatic debit on the Borrower's account. After the debenture funding, the first SBA payment will be collected on the first day of the following month.
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