Brownsville Local Development
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About Brownsville Local Development
A small business may need a place to operate, major equipment, or financing to expand and modernize. Brownsville Local Development, doing business as the Business Development Fund of Texas, provides SBA 504 financing to help make those projects possible for startups and established businesses across the Rio Grande Valley and Texas. Its work supports business growth, job creation, and economic development through long-term, fixed-rate financing.
Brownsville Local Development focuses specifically on the SBA 504 Loan Program, with financing for owner-occupied commercial real estate, major equipment, expansion, and modernization. What began in Brownsville and its surrounding area now serves small businesses throughout the Rio Grande Valley and across Texas.
Programs
The concrete work this nonprofit runs. Each program may later become a fundable project.
SBA 504 Loan Program
Operates and manages the U.S. Small Business Administration's SBA 504 Loan Program, providing long-term, fixed-rate financing for small businesses.
Commercial real estate financing
Provides financing to help small businesses acquire owner-occupied commercial real estate.
Major equipment financing
Provides financing for small businesses to purchase major equipment.
Business expansion and modernization financing
Offers financing solutions that support business expansion, modernization, operational stability, and job creation.
About this work
Mission
To promote economic development by assisting the growth and expansion of the small business community.
Who they serve
Small businesses, including startups and established enterprises, in the Rio Grande Valley and across Texas.
Need help?
How someone in need can access Brownsville Local Development’s services.
Small businesses seeking affordable financing can contact the Business Development Fund of Texas to discuss SBA 504 financing for commercial real estate, major equipment, expansion, or modernization.
Partners & funders
Frequently asked questions
Common questions about this nonprofit and how its work happens.
What types of projects can SBA 504 financing support?
SBA 504 financing can help with owner-occupied commercial real estate, major equipment purchases, business expansion, and modernization.
Who can use the Business Development Fund of Texas's financing programs?
The programs serve small businesses, including startups and established enterprises, in the Rio Grande Valley and throughout Texas.
What financing terms does the SBA 504 Loan Program provide?
The SBA 504 Loan Program provides long-term, fixed-rate financing.
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