Owners of Bradley’s and Knoxville Chocolate Company, Brad and Joy Hamlett, found themselves in a scary situation after purchasing a 100-year-old candy factory: Sales were flat but expenses doubled. “I just remember times when we felt like how are we going to make it? Something has to give,” said Joy. While the candy business might
TBDC SBA 504 Loans
As a U.S. Small Business Administration-certified 504 Lender, TBDC provides small business financing for the purchase of long-term fixed assets such as owner-occupied commercial real estate and equipment.
504 Loan Program is one of the “Best Financing Tools Available” for growing businesses.
TBDC partners with private lenders who typically finance 50% of the total project cost in a first lien position loan. TBDC provides financing for up to 40% of the total project cost in a second lien position loan, with an affordable, long-term fixed rate. The borrower typically puts down as little as 10% of the total project cost.
On The Blog
Client Profile: D&C Freight
Neal Clack’s retirement was in full swing when his son, Joe Dischner, pitched him a business idea – launching a freight trucking business. The idea made sense. Trucking ran in the family after all, and Neal hauled explosives for a time on one of his early assignments in the Marines. “I may be stating the
Client Profile: Bristol Skateway
The opening of Bristol Skateway in September 2018 was the realization of a long-held dream for the Bristol community and neighboring cities as much as for its owner-operators Gary Easmunt and partner Debbie Williams. Easmunt and Williams first learned of the property in 2016, a neglected rink that operated for four decades before it closed