Texas Certified Development

At Texas Certified Development Company (TXCDC), we understand the importance of assisting small businesses in achieving their goals. For over 35 years, we have been dedicated to helping our clients grow and thrive through 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 success record in helping businesses succeed.

Our Mission

Our mission is to provide a reliable and efficient approach to accessing capital for small businesses. We believe that every entrepreneur deserves access to the resources they need to take their business to the next level. Our experienced team is committed to guiding our clients through the loan process, ensuring that they receive the financing they need to grow and operate successfully.

Our Services

At TXCDC, we offer a range of services tailored to meet the specific needs of our clients. Our comprehensive suite of services includes:

Debt Refinance

Refinance your existing debt to take advantage of the SBA 504 loan program's competitive interest rates and longer loan terms.

Expansion

Finance the construction of new facilities, the purchase of equipment, or the purchase of land with existing buildings.

Debt Refinance with Eligible Expenses

Refinance your existing debt and use the loan proceeds to cover eligible expenses such as soft costs, furniture, and fixtures.

How We Work

Our streamlined process makes it easy for our clients to access the financing they need. Here's an overview of our process:

1. Call TxCDC: Our team will evaluate the eligibility of your project and work with you to identify the best option.

2. Submit Application: Work with your bank to issue a commitment letter and complete the underwriting process.

3. Approval & Closing: Once the SBA issues authorization for the 504 loan, your bank will close on the full amount of financing.

4. Borrower Proceeds: You can now begin construction or move into an existing facility.

5. Bank & TxCDC Completion: We will certify the project completion and funding, and prepare all closing documents.

Why Choose TXCDC?

We offer a range of benefits that set us apart from other lenders. Here are just a few reasons why you should choose TXCDC:

• Low, Fixed Interest Rates: Our interest rates are fixed for the life of the loan, providing predictable payments and allowing you to easily forecast for future years.
• No Future Balloon Payments: With the SBA 504 loan program, you won't have to worry about saving for a large balloon payment.
• Predictable Monthly Payments: Our loan terms are designed to provide you with predictable monthly payments, allowing you to better manage your cash flow.
• Includes Soft Costs: Our loan program finances total project costs, including soft costs like furniture, fixtures, and professional fees.

Conclusion

At TXCDC, we are committed to helping small businesses succeed. We believe that every entrepreneur deserves access to the resources they need to take their business to the next level. Our experienced team is dedicated to providing a reliable and efficient approach to accessing capital. Whether you're looking to refinance existing debt, expand your operations, or finance a new project, we have a solution that's right for you.