Top Industries Financed
- Full-Service Restaurants
- Gasoline Stations with Convenience Stores
- Hotels (except Casino Hotels) and Motels
- Offices of Dentists
- Offices of Physicians (except Mental Health Specialists)
Quick Summary
Southeast Texas Economic Devel is an SBA-certified Certified Development Company (CDC) headquartered in Beaumont, Texas. Since 2010, they have approved 55 SBA 504 loans totaling $42.2M, with an average loan size of $767K. They serve businesses across 2 states.
About Southeast Texas Economic Devel
Southeast Texas Economic Devel is an SBA-certified Certified Development Company (CDC) headquartered in Beaumont, Texas. Since 2010, they have approved 55 SBA 504 loans totaling $42.2M, with an average loan size of $767K. They serve businesses across 2 states.
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Frequently Asked Questions
What does Southeast Texas Economic Devel do?
Southeast Texas Economic Devel is an SBA-certified Certified Development Company (CDC) based in Beaumont, Texas. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Southeast Texas Economic Devel handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Southeast Texas Economic Devel approved?
According to SBA FOIA public records, Southeast Texas Economic Devel has approved 55 SBA 504 loans totaling $42.2M since 2010. Their average loan size is $767K.
What states does Southeast Texas Economic Devel serve?
Southeast Texas Economic Devel serves businesses in 2 states: Louisiana, Texas.
How do I apply for an SBA 504 loan through Southeast Texas Economic Devel?
To apply for an SBA 504 loan through Southeast Texas Economic Devel, 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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Contact Southeast Texas Economic Devel
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