Small Business Development Center

Examples of Engagement

  • Refinance of more than $6 million for wholesale nursery
  • Start-up special events center with Small Business Administration (SBA) 504 loan financing
  • Ongoing counseling of miscellaneous business opportunities subsequent to start-up
  • Purchasing advice and financing assistance for a food/fuel/convenience store
  • Consulting on conversion of commercial buildings to lodging in Grand Saline
  • Research on regulatory issues for proposed raw milk producer in Emory
  • Financing assistance for purchase of a convenience store in Terrell
  • Consulting on refinance/restructure of an employee-owned industrial fastener company
  • Assistance for set-up and training of new accounting system for a carpet cleaning company
  • Operational consulting for a gift store start-up in Athens
  • Diverse and complex long run board assistance for high tech medical device incubator
  • Accounting/management systems improvement for a painting contractor
  • Early stage diverse assistance for a battery recycler
  • Coaching for a local economic development corporation assistance application for a bowling alley
  • Start-up help for a Boots-to Business (veteran owned) landscaping company
  • Refinance and continual help for a building supply company
  • High level recruiting/hiring procedure improvements for a multi-location western wear firm
  • Business start-up and financing assistance (including SBA 504 loan) for a funeral home

Trinity Valley SBDC

Trinity Valley SBDC provides no cost business consulting to entrepreneurs and established businesses. Trinity Valley SBDC is a field center of the North Texas Small Business Development Center Network and is funded by the SBA, state of Texas, and host Trinity Valley Community College. Business advisors can assist with a variety of areas, including but not limited to research, business plan development, social media training, loan structuring, and financial analysis. Trinity Valley SBDC maintains relationships with lenders for both general commercial loans, as well as SBA loans.

 

Common SBA Loans Include 7A Loans and 504 Loans

Standard 7A loans are guaranteed by the SBA as high as 85% for loans up to $150,000 and 75% for loans over $150,000. The maximum amount for a standard 7a loan is $5 million. There is a minimum down payment requirement.

504 Loans provide long term financing for the purchase of fixed assets, which could include buildings, land, construction of new buildings or modernizing existing facilities, long-term machinery, and refinancing debt with an expansion of the business through new or renovated facilities or equipment, and are made available through Certified Development Corporations. The borrower is typically required to inject 10% to 20% into the project, with the CDC covering 40% of the project and the lender covering 50% of the project. Loans are generally capped at $5 million. These loans are usually at very attractive interest rates.