San Jose, CA –  TMC Community Capital is proud to announce the grand opening of its new office in Downtown San Jose, marking a significant milestone in the nonprofit microlender’s mission to advocate for financial justice among marginalized communities in California.

TMC Community Capital provides affordable loans ranging from $5,000 to $50,000, with a mission to support and serve entrepreneurs, particularly women-owned, low-income, and under-resourced small businesses in California. As a beacon of empowerment, TMC Community Capital offers tailored financing options that provide the vital capital necessary for businesses to grow, create jobs, and make lasting contributions to the local economy. By fostering a culture of knowledge-sharing, TMC Community Capital empowers entrepreneurs to navigate the challenges of business ownership and achieve sustainable growth.

The City of San Jose is known for its entrepreneurial spirit, but local entrepreneurs often face significant challenges. With extensive experience working with hundreds of small businesses in the area, TMC Community Capital is making it clear that they are here to open doors for local entrepreneurs.

“San José is a city of entrepreneurs—we’re home to over 60,000 businesses, 97% of which are small, and more new patents per capita each year than anywhere else in the nation. To turn all of this vision and creativity into great products and services for our community is why I’m thrilled to welcome TMC Community Capital to our Downtown,” San José Mayor Matt Mahan said. “Daniel and TMC have already taken a leadership role on San José’s newly-formed Small Business Advisory Committee and I know they will help many more entrepreneurs turn their ideas into impact in the years ahead.”

At an early age, Daniel Fernandez and his family would wake up early to help his grandmother sell home goods at Berryessa and Capitol Flea Markets. His mother worked night shifts at the Oakland Post Office processing plant and sold handmade apparel on the side to subsist as a single mother to three boys. These experiences instilled in Daniel a deep understanding of the critical role entrepreneurship and informal work play in his community. This personal history fuels his dedication to TMC Community Capital's mission.

"We are thrilled to expand our presence in San Jose, a vibrant and diverse city with immense entrepreneurial potential." said Daniel Fernandez, CEO of TMC Community Capital. "Our new office will enable us to provide even more targeted support to small business owners who are often overlooked by traditional lenders. We are here to ensure that they have the resources and guidance they need to thrive."

TMC Community Capital’s impact is undeniable. To date, the organization has lent more than $7.3 million, served over half the counties in California, created more than $4 million in additional wage earnings, and generated over $14 million in local economic impact. In 2023 alone, 82% of their loans went to entrepreneurs of color, with more than half of their loan volume supporting women-owned businesses.

TMC Community Capital will officially move into its new San Jose office on July 1st. This new chapter in San Jose underscores the organization’s continued commitment to opening doors and creating opportunities for small business owners throughout California.