About Us

HGALDC - Houston-Galveston Area Local Development Corporation

About The Houston-Galveston Area Local Development Corporation

Founded in the early 1980’s by the Houston-Galveston Area Council, the Houston-Galveston Area Local Development Corporation is licensed throughout Texas as an SBA 504 Loan Program certified development company (CDC). We support economic development through low-cost, fixed rate commercial/industrial real estate, working capital and equipment financing to new, existing and expanding small businesses.

The Houston-Galveston Area Council through its Local Development Corporation is committed to treating all applicants and borrowers fairly, consistently and equitably in all eligibility determination, credit analysis, lending and servicing practices while complying with all applicable fair lending laws and regulations.

Visit the Loans page to learn more about the products and services we offer.

About Image
About Image
About Image
About Image

Houston-Galveston Area Local Development Corporation

Licensed throughout Texas

About H-GALDC

Founded in the early 1980’s by the Houston-Galveston Area Council, the Houston-Galveston Area Local Development Corporation (H-GALDC) is licensed throughout Texas as an SBA 504 Loan Program certified development company (CDC). We support economic development through low-cost, fixed rate commercial/industrial real estate, working capital and equipment financing to new, existing and expanding small businesses.

How the SBA 504 Loan Program Process Works?

H-GALDC works directly with the financial institution and business applicant to develop financing packages that meet SBA 504 Loan Program guidelines and credit criteria. The staff then processes, closes, and services the loan. SBA 504 Loan Program loans offer lower, fixed interest rates and longer, 25-year repayment terms.

Learn more →
Contact Us