Call us: 1-800-486-8620
512-433-1175 | loans@txcdc.com
P.O. BOX 6370, Austin, TX 78762
512-433-1175 | loans@txcdc.com
P.O. BOX 6370, Austin, TX 78762
Please print and complete the "Automatic Debit Form" and email to loans@txcdc.com or fax to
(512) 433-1821 a copy of a voided check and e-mail or fax to:
Attn: Servicing Department
Texas Certified Development Company
P.O. BOX 6370
Austin, TX 78762
Please contact Servicing Department, 512-433-1175 and be ready to provide us with the following Information:
Please contact TxCDC at (512) 433-1175.
SBA requires that your payment be made through ACH (Automated Clearing House). In the event your automatic debit is rejected, you will be asked to wire in your payment.
The wiring instructions are as follows:
All payments received after the 15th of the month will be assessed a late fee of $100 or 5% of your loan payment, whichever is greater.
Please contact Servicing Department if you have any questions at 512-433-1175.
SBA 504 loans are funded by way of a monthly bond sale on the secondary market that requires a slightly different payoff process than a typical bank loan. Partial prepayments are not accepted. If you have an SBA 504 loan we can provide an estimated payoff amount to you for planning purposes.
Prepayments are made on the 3rd Thursday of each month.
TxCDC must have an 8-day written notice that the loan is going to prepay.
Please be advised that the SBA 504 loans are assumable, which would eliminate the need to pay the prepayment premium.
All payoffs are made by wire transfer.
A prepayment premium may apply. Please contact Servicing Department at 512-433-1175 if you are considering a loan payoff or a loan assumption.
According to the terms of your SBA 504 Loan Authorization you are required to insure your property for the full insurable value on a replacement cost basis. Evidence of property insurance (and flood insurance if required) must be provided and kept current for the life of the loan by the owner of the property.
U.S. Small Business Administration is to be listed as a second mortgagee or loss payee, worded as follows:
U.S. Small Business Administration
c/o Texas Certified Development Company
P.O. Box 6370
Austin, Texas 78762
Please remind your agent to forward applicable certificates and/or evidence to TxCDC yearly and/or upon request.
Please contact Servicing Department if you have any questions at 512-433-1175.
The submission of annual financial statements is part of the loan commitment. Yearly tax returns are preferred. Please submit your annual financial statement (balance sheet and income statement) and or tax returns to our office upon annual completion or upon request. Should you file an extension with the IRS for your annual return, please forward a copy of the extension to TXCDC.
You, as a borrower, are responsible for paying the property taxes. No escrow account for property tax payments or impound account on the real estate has been included with your SBA 504 loan.
Please check with the County Tax Assessor/Collector in the county where your property taxes are due.
Please contact Servicing Department if you have any questions at 512-433-1175.
To comply with SBA requirements TxCDC may make field visits as necessary or when requested by SBA to review business operations and the condition of SBA collateral.
At the two-year anniversary of your loan funding, TxCDC will request current information on the number of employees at your company.
512-433-1175 | 800-486-8620 | 1701 E. Seventh St. Austin, Texas 78702
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