Tel: 512-433-1175
Email us:
Tel: 512-433-1175
Email us:


A bank provides a first mortgage for 50% of the total project costs


TxCDC provides an SBA 504 Loan (as a second mortgage) for 40% of the total project costs


The borrower provides a down payment of typically just 10% of the total project costs

Keep Your Current Bank

The 504 Loan Program requires a partnership between TxCDC and a lending institution, so there’s no need to give up that lending relationship you’ve grown comfortable with.

Low, Fixed Interest Rates

With the 504, borrowers take advantage of a low interest rate, which is fixed for either 10-, 20- or 25-years.

10% Down Payment

In most cases, borrowers receive a 90% advance, which preserves working capital for day-to-day business expenses.

No Future Balloon Payments

With the 504, borrowers do not have to concern themselves with saving the large amount of cash necessary for a balloon payment.  This eliminates the need for refinancing, additional appraisals and deterioration in property values.

Predictable Monthly Payments

Borrowers lock in a low fixed interest rate, which gives them predictable payments and allows them to easily forecast for future years.  So there’s no inflationary pressures and interest rate increases to worry about.

Includes Soft Costs

The 504 finances total project costs, including not just the costs for land, existing building, hard construction and equipment, but also soft costs like furniture, fixtures, closing costs and professional fees.

current 504 interest rate for 20 year debenteres


and up


and up

Why SBA 504 loans are so popular:

Debt Refinance Expansion

  • Existing debt that does not exceed 50% of the cost of the expansion may be refinanced.
  • Involves the acquisition, construction or improvement of land, building or equipment for use by the small business.
  • Debt being refinanced will be added to the expansion cost to establish the total project costs.

Advantages of SBA 504 Debt Refinance

  • Financing up to 90% of the appraised property value
  • Below-market interest rate, FIXED for 25 years, 20 years, or 10 years
  • The ability to consolidate multiple loans

Advantages of SBA 504 Debt Refinance with eligible expenses

  • Financing up to 85% of the appraised property value
  • 20% Cash out for eligible business expenses of appraised value
  • Below-market interest rate, FIXED for 25 years, 20 years, or 10 years

Meet Our Team

Paul Tovar

Chairman / CDC Manager

An entrepreneur for 45 years, Paul Tovar founded TxCDC in 1981. In his role as chairman of the board and CDC Manager, Paul assists in developing new financial resources, marketing TxCDC’ s financial programs and representing the company to private and public entities.

Blyth Rehberg


Blyth has been with TxCDC for fifteen years. In her current position at President, she provides training to lenders and conducts outreach to the financial and business community to increase awareness of TxCDC and the SBA 504 lending program.

Oscar Martinez

Sr. VP & Sr. Chief Credit Officer

As Chief Credit Officer and Senior Vice President of TxCDC, Oscar is responsible for TxCDC’ s quality control process through supervising all loan packaging and processing services, including all financial analysis and submissions to the SBA Loan Processing Center. 

Fernando Rojas

Chief Credit Officer

Fernando Rojas brings a special skillset to his position as TxCDC’s credit analyst and underwriter. The Central Texas resident is accomplished at completing credit and financial analyses and has a deep interest in architectural engineering, which helps him understand construction schematics and processes.

Clients' Testimonials

  • Dr. Luis Benavides had a dream – to join with six family practice physicians and create a healthcare facility to serve the Laredo community. Working with Texas Certified Development Company (TxCDC) consultant Armando Ruiz, Dr. Benavides and his partners secured a Small Business Administration 504 loan and made their dream — Laredo Premier Healthcare – a reality. The medical facility served its first patients in October 2016.

    Dr. Luis Benavides
    The Doctors Will See You Now
  • The SBA 504 loan covers Pla-Mor’s construction, equipment and attractions. The 47,000-square-foot building, which is slated to open in spring 2018, will include 24 lanes of bowling, a state-of-the-art arcade, a two-level laser tag area, four climbing walls, a ropes course with a 70-foot zip line, virtual golf and soccer, and fine dining. When open, the facility will provide jobs for 85 area residents, bringing the company’s total payroll to more than 120 employees.


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