The SBA 504 Loan PROGRAM

The Way to Buy, Build and Expand your Business

TXSBA can provide a path for small business owners to fund your Owner Occupied Real Estate and Capital Equipment needs. The 504 loan program provides for both Capital Equipment and Real Estate Purchase and/or Construction. Additionally, the 504 Loan Program allows for debt refinance on Real Estate or Capital Equipment. TXSBA funds loans for many types of businesses including medical offices, manufacturing facilities, warehouses, daycare centers, retail stores, funeral homes and many more.

Loan Structure

EXAMPLE

$925,000 Purchase Price

+ $50,000 Closing Costs & SBA Fee

= $975,000 TOTAL PROJECT

Bank 1st Lien: $487,500

CDC 2nd Lien: $390,000

Borrower Minimum: $97,500

Contact a Lender for Your Estimate

what you will need

Loan Checklist

Personal Financial Statement

SBA Application Form

SBA Form 1919
Business Loan Application
3 Years Business Tax Returns for borrowing entity and all affiliates (20% owner)
3 Years Tax returns for Selling Entity
Interim Profit & Loss / Balance Sheet
3 Years Personal Tax Returns
Management Resume
Purchase Contract
Company Formation Documents
SBA Form 413-Personal Financial Statement
Business Valuation, if necessary
Third Party Appraisal

SBA Application Form

Personal Financial Statement

SBA Application Form

The 1919 provides the outline for your loan request and highlights the pertinent credit information. It also includes includes corporate information and details of the business.

As part of the SBA application, you will answer questions regarding your background, citizenship and Good Standing in the State of Texas. This form must be signed and dated within 90 days of closing.

SBA Form 1919 Business Information

Personal Financial Statement

The SBA requires a full disclosure Personal Financial Statement from all owners with 20% or more ownership in the business. This information is to include personal assets, liabilities, life insurance, vehicles, personal property and Real Estate.

The Personal Financial Statement is the form that allows the CDC to pull credit and authorizes personal background information. The PFS should also be dated within 90 days of closing.

SBA Form 413 Personal Financial Statement