OAKLAND, Calif., June 25, 2021 /PRNewswire-PRWeb/ -- Tacos
Chiwas is a family-owned restaurant chain that focuses on homemade
food with regional flair. Husband and wife team Armando Hernandez and Nadia Holgun started their journey five years
ago with a dream: to share family recipes and give their
Arizona community an authentic
taste of a Chihuahua, Mexico,
childhood.
Growing up, their mothers and grandmothers were always making
delicious homemade meals.
The foundation was the warm, fresh tortillas, which is what they
wanted to showcase, "the tortillas are made specifically for you
and communicate the flavors of the Chihuahua region," explains
Armando.
Today, Tacos Chiwas has a presence in Phoenix, Mesa, and Chandler. Everywhere the duo goes, they gain a
following. Locals love the flavor profile, the organically sourced
ingredients, and the 100% homemade flour and corn tortillas
featured in virtually every dish.
Armando wanted his restaurant to be a permanent staple in the
Phoenix community. He quickly
realized that to achieve that long-term stability, they would need
to purchase their property.
SBA 504 Real Estate Financing Program Helps Tacos Chiwas
Thrive
"My dream was to have a restaurant and to live off that
restaurant," said Armando. "Not only to exist but to flourish. The
question was how to do it while meeting our other financial
obligations."
The pandemic added new difficulties. Money was tight. Lease
terms – or whether their lease would be renewed at all – created
unknowns each year. Armando, who felt strongly about providing
stability for his staff, was worried. "We knew that to ensure we
would have a forever home for our business, we would need to buy
our building. That's when I discovered TMC Financing's SBA 504
Program."
Armando connected with TMC Financing (TMC) through their senior
vice president of business development in Arizona, Geoff
McGivern.
Armando was impressed by how TMC was willing to listen to him.
Many companies had treated him like a number, but not this team of
small business financing experts. Geoff firmly believed that the
SBA 504 loan program was the ideal solution for Tacos Chiwas.
The 504 loan's low down payment – which is just 10 percent –
made it particularly attractive.
The SBA 504 Program provides financing to business owners to
purchase, renovate, or construct commercial real estate and other
fixed assets. Nearly all for-profit businesses can benefit. The low
down payment helps ensure that buying property won't restrict cash
flow – a key consideration when Armando decided to own rather than
lease.
"I am thrilled we could introduce Armando and Nadia to the SBA
504 real estate loan because of the incredible terms," said Geoff.
"They secured a 25-year fixed-rate loan, with just 10 percent down.
Unlike renting, buying your space will assure your monthly payment
doesn't change, providing stability and peace of mind to small
business owners. I look forward to helping even more Arizona entrepreneurs in the future."
While many other restaurants were struggling, cutting back, or
even closing their doors, the SBA 504 Program allowed Tacos Chiwas
to purchase a 1,820 square-foot property in Phoenix, Arizona.
"Our restaurants embed us in the Arizona community. If we were forcibly
removed, we would lose that element, but now that I own my property
- that risk is eliminated."
Tacos Chiwas decided to utilize another SBA 504 loan to purchase
a second building in Mesa,
Arizona.
"I liked the SBA 504 program so much I chose to use it twice,"
Armando said with a laugh. "Geoff is helping me to close on my
second property in Mesa, Arizona.
I know this will open so many doors for increased revenue. I can
confidently tell my two-year-old daughter that this is her
future."
"We are fortunate that these types of Small Business programs
exist, and the people who work at TMC really care. That type of
guidance is vital for many Latino business owners who may not know
all the available resources," concludes Armando.
"So, for all my fellow Spanish-speaking business owners out
there, I will offer this advice,
El programa de préstamos de SBA 504 está disponible a través de
TMC Financing - es buena manera de comprar un edifico para su
empresa. El programa ofrece financiación a largo plazo y a tasa
fija. TMC ofrece un programa que le ayuda a ser dueño de su
edificio y de su futuro."
(The SBA 504 Program - available through TMC Financing- is a
great way to purchase a building for your business. The program
offers long-term financing and fixed rates. TMC provides a program
that will allow you to own your building and your future.)
About TMC Financing
TMC Financing is the no. 1 provider of SBA 504 commercial real
estate loans in the Western Region of the U.S., helping small
businesses expand throughout California, Nevada, and Arizona.Founded in 1981, TMC is
the number one certified development company in the West and has
funded projects worth more than $10
billion across California,
Nevada, and Arizona. About 6,000 businesses have benefited
from this financing, resulting in the creation of an estimated
60,000 jobs.
Media Contact
Amanda Near, TMC Financing,
4156555420, amanda@tmcfinancing.com
SOURCE TMC Financing