States Served
Top Industries Financed
- Offices of Physicians (except Mental Health Specialists)
- Hotels (except Casino Hotels) and Motels
- Limited-Service Restaurants
- Full-Service Restaurants
- Offices of Lawyers
Quick Summary
Brownsville Local Development is an SBA-certified Certified Development Company (CDC) headquartered in Brownsville, Texas. Since 2010, they have approved 39 SBA 504 loans totaling $23.5M, with an average loan size of $602K. They primarily serve Texas businesses.
About Brownsville Local Development
Brownsville Local Development is an SBA-certified Certified Development Company (CDC) headquartered in Brownsville, Texas. Since 2010, they have approved 39 SBA 504 loans totaling $23.5M, with an average loan size of $602K. They primarily serve businesses in Texas.
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Frequently Asked Questions
What does Brownsville Local Development do?
Brownsville Local Development is an SBA-certified Certified Development Company (CDC) based in Brownsville, Texas. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Brownsville Local Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Brownsville Local Development approved?
According to SBA FOIA public records, Brownsville Local Development has approved 39 SBA 504 loans totaling $23.5M since 2010. Their average loan size is $602K.
What states does Brownsville Local Development serve?
Brownsville Local Development primarily serves businesses in Texas.
How do I apply for an SBA 504 loan through Brownsville Local Development?
To apply for an SBA 504 loan through Brownsville Local Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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