
Timothy Gay shopped around before securing a loan in 2013 to buy a building in downtown Las Cruces for his Massage Therapy Training Institute (MTTI). He chose Century Bank to help him secure a U.S. Small Business Administration commercial 504 loan.
“They were the nicest people to work with, which is definitely a bonus,” he said about the bank.
Gay, a graduate of MTTI, bought the business from his father, Laun Smith, in 2007. Over the years, he grew tired of paying rent to the people who owned the building where Smith launched the institute in 1999. Gay wanted to build equity for his own venture in a more centralized location where he could attract more students.
The gamble paid...