#United States #Phoenix #SBA 504 #GPM Landscape #TMC Financing

GPM Landscape, Inc.: Achieving the Dream of Property Ownership

In the hustle and bustle of the commercial landscaping industry in Phoenix, Arizona, Cameron Chandler is a name that stands out. The journey of Cameron and GPM Landscape, Inc. is not only remarkable for its business success but also for how it represents the aspirations of small business owners. Cameron began his entrepreneurial adventure as a high school student mowing lawns not with a vision of running a thriving landscaping company, but rather to earn money to support his participation in sports. Fast forward years later, and he is now at the helm of a company that employs over 130 people, showcasing his grit and determination.

A Journey of Growth and Expansion

GPM Landscape, Inc. has grown significantly since its inception as a part-time venture in 2000. By 2003, Cameron formalized and licensed the business, choosing to specialize in the landscaping of residential apartment complexes. Over two decades, GPM has established a sterling reputation for professionalism and reliability throughout the greater Phoenix area. This reputation has led to steady growth, prompting several relocations to accommodate an expanding workforce, office space, and essential maintenance equipment.

Cameron had been eyeing property ownership for GPM for quite some time, searching for the right location for about five to six years. Unfortunately, the escalating prices of commercial properties often discouraged him, leaving him outbid in many instances. Yet, as Cameron reflects, "If you believe, as I do, that everything happens for a reason, then we missed out on other properties because this was the right one for us."

Securing Financing Through SBA 504 Loan

The breakthrough came when Cameron finally discovered the perfect commercial property. The next step was securing financing, a process he undertook with the guidance of TMC Financing and his long-time partner, Bell Bank. Cameron praises his commercial banker Rhonda Scarfo for her invaluable recommendations, including the SBA 504 loan program, which turned out to be a game-changer for GPM.

The SBA 504 loan program is designed to assist businesses in purchasing commercial real estate and other significant fixed assets. It offers below-market, long-term fixed rates over a 25-year period, making it an attractive option for small businesses. In GPM's case, a 10% down payment allowed Cameron to transition from leasing property to owning his own space. Bell Bank financed half of the total project costs while TMC complemented with 40%. Cameron acknowledges the teamwork and communication between TMC, Bell Bank, and his office manager, Amy Mahan, as crucial to the process. "Having a great team working on your behalf really makes a difference," he notes.

The Benefits of Property Ownership

Owning property has brought numerous benefits to GPM Landscape, Inc. Primarily, it provides stability and predictable occupancy costs, along with various tax benefits. Cameron admitted that while the monthly mortgage payment is slightly higher than that of his previous lease, the new property negates other location-related expenses and is equipped with everything the business needs. Additionally, property ownership builds equity, offering financial security that many small business owners typically struggle to obtain.

Chris Bane, TMC's business development officer who facilitated the deal, emphasizes the multiple advantages of commercial property ownership for small businesses. "For GPM and Cameron, it was the right next step for a well-established and growing business. It was a pleasure aiding Cameron in achieving his goals."

Cameron reflects on his journey with gratitude: "At times, I wanted to give up on the idea of owning property for GPM, but I had a great team to support me, and the SBA 504 program made it a reality. I'm so pleased with how it worked out."

This story of perseverance and teamwork highlights how the right support and financing can enable small businesses like GPM Landscape, Inc. to reach their dreams. If your business operates in California, Arizona, Nevada, Hawaii, or Oregon, TMC Financing offers guidance on navigating the SBA 504 loan process to help turn your property ownership aspirations into reality.

About TMC Financing

Established in 1981, TMC Financing stands as a leading provider of SBA 504 commercial real estate loans across the United States. With over $14 billion in funded projects, TMC has successfully supported more than 7,000 businesses, aiding the creation of an estimated 60,000 jobs in the process. With their extensive expertise, TMC Financing remains a vital resource for small businesses seeking growth through property ownership.