PMC Conduit is a subsidiary of PMC Commercial Trust, which is a real estate investment trust (REIT) that either directly or through its subsidiaries originates loans to small businesses that are collateralized by first liens on the real estate of the related business in the United States. Founded in 1979, PMC Commercial Trust offers loans to borrowers in the hospitality industry. The trust also originates loans on commercial real estate to borrowers in the service, retail, multifamily and manufacturing industries. In addition, its subsidiaries include PMC Investment Corporation, Western Financial Capital Corporation, PMC Funding Corporation, PMC Asset Holding and PMC Properties. PMC Commercial Trust s subsidiary, First Western SBLC, is licensed as a small business lending company that originates loans through the SBA 7(a) Guaranteed Loan Program.
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