TMC Financing Makes Clinic Purchase Painless for Pain Institute

SBA 504 loan allows physician to provide comprehensive care for pain management with the $1.65 million purchase of a 10,000-square-foot medical office space.

TMC Financing today announced the owner of Southern California Spine and Pain Institute financed the purchase of a 10,000-square-foot medical office space at 43821 15th Street West in Lancaster, California with a 20-year, fixed-rate U.S. Small Business Administration 504 loan. The $1.65 million total project cost includes the purchase of the landmark local theater building and renovation into medical services offices.

“Treating pain is not just prescribing pills and surgery,” Dr. Thuong Vo, SCSPI owner, said. “It takes a comprehensive approach — physical therapy, acupuncture, psychiatric services to deal with the mental component — this new space will give us the room to bring all of these services together under one roof and make it more convenient for patients and easier for providers to collaborate and communicate.”

The Spine and Pain Institute specializes in the comprehensive, individualized assessment and treatment of acute, recurrent and chronic pain problems. Vo is board-certified in pain medicine, anesthesiology and age management. Vo leased clinic space nearby for two years before his patient volume required additional space. He expects the expansion to allow him to hire 10-15 new employees over the next year or two.

“I was extremely impressed with the way TMC handled my loan,” he said. “We had a past experience with an SBA loan that went very differently — there were a lot of kinks, whereas this one went smoothly. Jennifer Davis at TMC recognized how busy I was and worked around my schedule. The personal service was excellent and, as a physician, my practice is very personal, so I value that. It was a painless, no pun intended, procedure.”

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 businesses and communities long-term stability. Business owners can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website.

 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 benefited 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