A.R. Ruiz’s Vast Experience Will Benefit Small Business Owners in DFW Metroplex

A.R. Ruiz has a deep understanding of Small Business Administration (SBA) 504 loans. In his new role as the Texas Certified Development Company (TxCDC) consultant for the Dallas/Fort Worth area, A.R. will use the lessons he learned as a loan officer and banker to help small business owners grow their businesses. His deep experience makes him uniquely qualified to assist his clients. “I pride myself on customer service,” A.R. said. “I have extensive experience on the sales side, but I also started off working on packaging and underwriting of SBA 504 loans. I can do the whole package from start to finish. That brings a lot of value to my clients and to my partners.” Starting in the Family Business His education on SBA 504 loans began at the family business. “I’m a second-generation SBA lender and I actually got into the SBA world by working in the family business as a packager and an underwriter,” A.R. said. During his early years working in the family business, A.R. assisted with $40 million in 504 loans through TxCDC. Eventually, A.R. decided to spread his own wings in the business world. “In 1999, I had the opportunity to work with another CDC […]

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SBA’s 504 Refi Program is Back!

The U.S. Congress voted to reinstate the Commercial Real Estate and Economic Development (CREED) Act as part of its passage of the year-end omnibus spending bill for FY 2016. This action dramatically increases the number of fixed-rate loans that can be funded through SBA’s 504 loan program by earmarking $7.5 billion to help small businesses refinance eligible business debt. This loan program will be available starting in summer 2016 through Texas Certified Development Company (TxCDC). “We are excited that TxCDC will again be able to help business owners leverage their fixed assets to provide cash for expansion, development and growth,” said TxCDC President Suzanna Caballero. “TxCDC eagerly awaits the SBA’s guidance on implementing the program and then working with Texas business owners to build their future. In 2012 we helped 12 businesses refinance debt on their buildings and finance working capital for inventory, new employees and improvements on their equipment and property. We were inspired by these business owners who have invested years of hard work building their companies.” This refinance program existed for 16 months between 2011 and 2012, during which more than 2,300 small business owners to refinance $5 billion in debt. The program was “sunset” in 2012, leaving 400 businesses still in […]

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SBA 504 Program Continues To Have Capacity to Fund 504 Loans

SBA published a notice regarding 7(a) lending’s impending approach to its FY 2015 loan volume ceiling before the end of the fiscal year, likely within the next few days. Due to the anticipation of the end of the availability of 7(a) loan authority, SBA has indicated that 7(a) applications will be processed up to the point of approval and then will be placed into a queue awaiting the availability of program authority. Applications in the Queue will be funded in the order they were approved by SBA at the start of the new fiscal year on October 1, 2015 unless Congress takes action to raise the program cap prior to that date. The Certified Development Company (504) Program continues to have available capacity to fund 504-eligible loans through the end of the fiscal year. Reported by: NADCO (National Association of Development Companies)

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Success Story Showcase: See How Four Businesses Benefited from SBA 504 Financing

Entrepreneurs work hard to differentiate their business so they can provide the perfect products and services to their customers. Texas Certified Development Company (TxCDC) takes the same approach when helping small business owners who are considering purchasing property, a building or major equipment. TxCDC works with each entrepreneur to tailor an SBA 504 loan to meet the owner’s needs with the most favorable deal possible. Here are 4 examples of how TxCDC made it work: Tim Prukop, the owner of 1UpSports, had just opened his Austin-area business when he began to think about taking it to the next level. TxCDC helped to make that dream a reality. Click here to download PDF. An initial 504 loan helped Krisana Puccio and her co-owners open the Pineapple School in San Antonio. The success of this early learning center led to a waiting list of more than 300 children. Puccio and her co-owners decided to get a second 504 loan from TxCDC to build a second location. Click here to download PDF. Valley Die owner Andrew Brown used two 504 loans to enhance his business. The first one refinanced the company’s real estate while the second one purchased new die casting machinery. Brown anticipates […]

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Austin Company Using SBA 504 Loan to Create Welcoming Office Environment for Employees

GasPedal CEO Andy Sernovitz believes in making a commitment to his employees as well as to his clients. The New York Times’ best-selling author views the company’s employees as his work family and wants to ensure that they have the best possible environment so they can enjoy their time at the office while also being productive. Finding that the company was starting to outgrow its third leased space in five years, Sernovitz considered locating another rental in Austin’s hot real estate market. However, thanks to an SBA 504 loan through Texas Certified Development Company and Horizon Bank, he found he could purchase a location that would meet both the company’s current and future needs while also improving its bottom line. “When we looked at what it would cost to rent space, we realized that with a 504 loan, it would cost us the same to buy space,” Sernovitz said. “The 504 loan also changed the economics of our small business. The rent money is now going to be invested in equity. It improves our entire balance sheet and makes us a stronger, more stable organization.” Creating a Community to Support Networks Founded in 2006, GasPedal’s mission is to support peer-to-peer […]

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Betting on a Sure Thing When Helping Business Owners

TxCDC Consultant Armando Ruiz Offers One-Stop Shop that Helps Clients Find Property and Obtain Financing Armando Ruiz loves to travel. One of his annual trips is to Las Vegas where he enjoys trying his luck at the casinos. However, it’s his clients who have all the luck when he helps them with locating and financing their business locations. To make sure that he’s not gambling with his customers’ livelihood, Ruiz has focused on being able to effectively and efficiently serve the many needs of small business owners. The Austin native can help owners find the property that best fits their needs and then assist them in qualifying for an SBA 504 loan to finance the building. Through it all, he provides wise counsel to help his clients make appropriate plans as they start or grow their business. Those qualities make Ruiz a valued member of TxCDC’s team. “Armando’s deep knowledge of commercial property, businesses and SBA 504 lending brings great value to his clients,” said TxCDC President Suzanna Caballero. “He represents his clients’ interest throughout the decision and implementation process and delivers what they want, whether it’s advice, financing or support. We are happy to have him on our team.” […]

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New Year’s Resolutions for the Entrepreneur

This article was originally published in the SBA South Florida January Small Business News email and is contributed by Marjorie Weber, Finance Consultant at Florida SBDC at Florida International University College of Business. From time to time, we here at TxCDC come across news and information that we believe benefits our customers, partners and employees. Enjoy! Are you a business owner with plans to seek additional funding in 2015? Here are some excellent tips to consider before, during and after: 1. Do not go it alone. Seek counsel from other unbiased professionals: SCORE, SBDC and other community business. 2. Do set-up separate bank accounts for your personal and business funds. 3. Do not ignore the importance of having a good credit score. Use 680 as a benchmark. 4. Do commence business operations until all the needed funds are available. 5. Do not seek capital from a lender or an investor until you have prepared required documents needed to make a decision. 6. Do study the variables that relate to seasonality of your business when preparing cash flow projections. 7. Do not use short term debt for the purchase of equipment that has a long term life. 8. Do sign a lease (or any […]

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Repost: MSNBC Interviewee Reports on Debt Refi: You Don’t Want to Miss This Clip

This article was originally published in a NADCO email news report. From time to time, we here at TxCDC come across news and information that we believe benefits our customers, partners and employees. Enjoy! In case you missed it, Jay Goltz – who owns The Goltz Group, blogs for the New York Times, and heads five businesses – recently interviewed with JJ Ramberg of MSNBC. Among the topics discussed were SBA 504 lending and the need for debt refi. Highlights from the Jay Goltz interview “I will tell you I’ve done SBA loans, I’m doing one now, the SBA loan program is great – there are some tweaks there though… They aren’t allowing you to take money out of the program, if you’re refinancing. It’s out there in Congress and they’re trying to bring it back to where you can get money out of it. It would be helpful if they could just bring that [debt refi program] back to where that was two years ago.” “There are things out there that aren’t going to cost the government any money, that’s very very helpful to small business and it’s frustrating that every year you don’t know what they’re going to be doing.”

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