Loans Offered by H-GALDC
SBA 504 Loans & Buisiness Loan Fund
SBA 504 Loan Program loans
Lower, Fixed Interest Rates and 25-Year Repayment Terms
SBA 504 Loan Program loans offer lower, fixed interest rates and 25-year repayment terms. Projects include fixed assets and typically range from $500,000 up to $10 million.
VetLoan Advantage
To help veterans get the financing they need for small business ownership and success, H-GALDC is proud to offer the VetLoan Advantage program.
H-GALDC will issue a cash rebate of up to ½% of 1% of the SBA 504 loan amount or up to $5,000 to help offset the veteran’s loan expenses, including appraisal and environmental reports.
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Business Loan Fund
Loans With 10-Year Repayment Terms
The Business Loan Fund offers loans with 10-year repayment terms for real estate, construction, equipment, and working capital with a minimum interest rate of 4%. Projects typically range from $100,000 to $300,000.!
Funds are available for projects located in the following Texas counties: Austin, Brazoria, Chambers, Colorado, Fort Bend, Galveston, Harris, Liberty, Matagorda, Montgomery, Walker, Waller, and Wharton.
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