TxCDC can change the way you, as a small business owner, do business and help you build value in your enterprise as well as long-term wealth for you and your family.
So What’s an SBA 504 Loan Anyway?
A Small Business Administration loan can be used to purchase owner-occupied commercial real estate or fixed assets. The funds can be used to remodel, expand or acquire property as well as purchase equipment. Your bank can finance up to 50% of the cost and the U.S. SBA will finance up to 40% of the cost, leaving as little as 10% to be covered by the borrower. SBA 504 loans are only available through a Certified Development Company like TxCDC.
TxCDC works with your banker to offer Small Business Administration loans that specifically benefit small business owners through:
- Low fixed-interest rates over a long-term period
- A low down-payment requirement (some as low as 10%)
- Access to low-cost capital for your facilities and equipment
- Smaller payments
- Long-term financial security
These loans can be used for:
- Expanding a current business location
- Creating a new business location
- Purchasing an existing leased location
- Purchasing equipment
So How Do I Apply?
The first step is to determine if you meet the minimum standard qualifications by using our interactive pre-qualification form. You can also contact us and we’ll be happy to walk you through the process. If qualified, we will work with both you and your bank to identify the best option. Click here for more about how the entire process works.
Questions? Call us at 800-486-8620 or contact a staff member loan consultant today: