Small Business Loans

The LRGVDC has served as the region's Certified Development Company (CDC) to package Small Business Administration 504 loans since 1984. These loans offer long-term financing to establish new businesses or expand existing businesses.

Loan proceeds must be used for fixed asset projects such as: purchasing land and improvements, including existing buildings, grading, street improvements, utilities, parking lots and landscaping; construction of new facilities, or modernizing, renovating or converting existing facilities; or purchasing long-term machinery and equipment.

Typically, a 504 loan is secured with contributions from a private-sector lender (up to 50%), the local CDC (up to 40%), and at least 10% equity from the small business being helped. Contact the LRGVDC or the Harlingen SBA Office for more information.

SBA Loan Application

SBA Checklist

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