The SBA 504 loan program provides financing for owner-occupied real estate and machinery and equipment. A 504 project includes a loan from a bank secured with a first lien typically covering 50 percent of the project cost, a loan from the BCL of Texas secured with a second lien (backed by a 100 percent SBA-guaranteed debenture) covering a maximum of 40 percent of the cost, and a contribution of at least 10 percent of the project cost from the small business being financed. The advantage with a 504 is that the 10% owners’ portion with the BCL’s 40% portion is equivalent to 50% cash to the bank.

FAQ's

We’ve listed a number of FAQ’s that may come up along your journey. However, we are more than happy to assist you via phone or in person.

 

 

 

 

 

 

 

 

 

 

BCL of Texas
2212 South Congress
Austin, TX 78704
888-718-0180 / local 512-326-9006
takethe504@bcloftexas.org


BCL of Texas
1322 Record Crossing
Dallas, TX 75235
888-241-2215 / local 214-688-7456
takethe504@bcloftexas.org