Business Details
45 Years
experience
SBA 504 Loan Solutions for Small Business Growth
Since 1981, Texas Certified Development has been a trusted advocate for small businesses, specializing in the SBA 504 loan program. As the oldest Certified Development Company (CDC) in Texas and the third-largest independent CDC in the nation, we have a proven track record of helping businesses grow through low-down-payment financing, fixed interest rates, and long-term loan terms. Our team collaborates with local lenders to provide up to 90% financing for construction projects, real estate purchases, machinery, equipment, and soft costs like closing fees and professional services.We guide clients through every step of the SBA 504 process, from initial eligibility evaluation to final funding, ensuring predictable monthly payments without balloon payments or inflationary risks. Our expertise in structuring 504 loans has enabled businesses to preserve working capital, reduce monthly expenses, and invest in their own growth rather than rental payments. With decades of experience and a commitment to client success, we empower small businesses to achieve ownership and long-term financial stability.
Services
SBA 504 Loans
Debt Refinance
Expansion Financing
Construction Projects
Equipment Financing
Furniture Fixtures
Closing Costs
Professional Fees
Start-Up Financing
Commercial Real Estate
Details
- Year established: 1981
Highlights and features
- We offer low, fixed interest rates for 10-, 20-, or 25-year terms.
- Our loans include soft costs like closing fees and professional fees.
- We provide up to 90% financing with no balloon payments required.
- Our team has 40+ years of experience in SBA 504 loan structuring.
- We help businesses retain working capital for operational needs.
Associations and certifications
- SBA 504
What people say
State-of-the-art arcade
Jobs for 85 residents
Dream a reality
Low monthly payments
Preserved working capital
Services
SBA 504 Loans
SBA 504 loans provide up to 90% financing for commercial real estate, construction, and equipment purchases. These fixed-rate loans offer terms up to 25 years, reducing monthly payments and eliminating balloon payments. Borrowers benefit from retaining working capital while securing long-term asset ownership.
Debt Refinance
Debt refinance options allow businesses to restructure existing loans into lower-interest SBA 504 financing. This includes covering eligible expenses like property upgrades, equipment purchases, and operational costs. The process simplifies debt management with predictable monthly payments.
Construction Projects
Financing for new construction or renovation projects includes land acquisition, building development, and infrastructure improvements. SBA 504 loans cover up to 90% of total project costs, including soft costs like permits and architectural fees, ensuring comprehensive funding solutions.
Equipment Financing
SBA 504 equipment financing covers purchases of machinery, technology, and production tools. Loans offer fixed rates and terms matching asset lifespans, reducing financial strain. Businesses can finance up to 90% of equipment costs while preserving operating capital.
Commercial Real Estate
Commercial real estate financing through SBA 504 loans supports purchases of existing buildings or land for business operations. With low down payments and long-term fixed rates, businesses can own their facilities instead of paying rent, building equity over time.
People
Dr. Luis Benavides
Founder
Dr. Benavides partnered with six physicians to create Laredo Premier Healthcare, securing an SBA 504 loan through TxCDC. His leadership established a medical facility serving Laredo since 2016, demonstrating commitment to community healthcare access.
Armando Ruiz
Consultant
As a TxCDC consultant, Armando Ruiz guided Dr. Benavides in securing SBA 504 financing for Laredo Premier Healthcare. His expertise in navigating the loan process ensured successful project completion and community impact.
Questions
What is an SBA 504 loan?
An SBA 504 loan is a long-term financing option for small businesses purchasing fixed assets like real estate or equipment, offering up to 90% financing with fixed rates and terms up to 25 years.
How do I apply for an SBA 504 loan?
Contact TxCDC to evaluate your project's eligibility. If qualified, we'll collaborate with your bank to prepare the SBA 504 application and guide you through approval and closing.
What are the benefits of an SBA 504 loan?
Benefits include low down payments (as low as 10%), fixed interest rates, no balloon payments, and financing for both hard costs (construction) and soft costs (closing fees, professional fees).
Can startups qualify for SBA 504 loans?
Yes, startups can qualify with a 15% down payment. The program supports new businesses purchasing real estate, equipment, or funding construction projects to establish operations.
How does an SBA 504 loan differ from conventional loans?
SBA 504 loans offer higher financing (up to 90% vs. 75-80%), longer terms (up to 25 years vs. 5-7 years), and no balloon payments compared to conventional loans.
