Entries by Greg Dunn

Congress Passes NADCO-Supported Program In Omnibus Bil

The SBA 504 Loan Refinancing Program (Officially known as the Commercial Real Estate and Economic Development (CREED) Act) was originally enacted as part of the Small Business Jobs Act of 2010. The program had a sunset provision that occurred in 2012. In the short period of time that it was active, it was responsible for […]

Congress Passes NADCO-Supported Program In Omnibus Bill

The following is a recent NADCO press release regarding debt refinance. WASHINGTON, Dec. 18, 2015 /PRNewswire-USNewswire/ — The National Association of Development Companies (NADCO) congratulates Congress for passing the year-end omnibus, which permanently reinstates a popular debt-refinancing element to the SBA’s 504 loan program. This action will create jobs, allow small businesses to refinance debt, and […]

Debt Refi Now Law

Today, a permanent 504 debt refinancing program became law. Many years of hard work by NADCO and our members went into this successful moment. It is a wonderful way to end the year. There are still many months until the refi program can be used. During NADCO’s Annual Meeting, SBA estimated it would take a […]

NADCO Debt Refi Update

A few minutes ago, Congress released the text of the omnibus bill which will fund the government for the remainder of FY16. It contains a provision which will permanently reinstitute the debt refinancing program. This is a result of many hours of work by NADCO and its members, our congressional allies, and SBA, and a […]

SBA Announces Reserve Fee Removal

The SBA recently announced that a reserve fee that had been associated with the program is no longer needed and has been removed viagra comprar viagra generico. The removal of this ½ point fee will save the borrowers on their permanent loan amount. Over the past few years, this fee served to get the SBA 504 […]

July 2015 Updates

As interest rates are near historical lows, it’s a good time to consider SBA 504 loans to finance small business real estate. This program can lock up to 40% of your borrower’s loan into a low fixed rate. Your borrower will thank you as rates rise. _________ GTCC is proud to be a Platinum Sponsor […]

The SBA 504 Loan Program Returns to Zero Subsidy

We received good news last week when our trade association, NADCO, announced that the SBA 504 Program is returning to zero subsidy. (Click here to read the full press release.) What exactly does that mean? The program is self-funded through fees that borrowers and first lien lenders pay into the program. This is excellent news […]

504 Prepayment Penalty Myth

One of the biggest misunderstandings of the 504 loan program is the prepayment penalty myth. Many people believe that the prepayment is a declining 10% for 10 years. It actually declines 10% per year from a starting index, which is the debenture rate, not the note rate which is 4.80% for March. For example, the […]

New Year, New Website

Welcome to our new and improved website. We are very proud to roll out this state-of-the-art presentation of what we do and how we make a difference. Greater Texas Capital Corp. is a non-profit economic development organization which provides low cost, long-term financing for small businesses, start-ups, growing companies, and acquisitions throughout the State of […]

GTCC ranked 4th Largest SBA Lender by DBJ

Greater Texas Capital Corporation ranked #4 in Largest North Texas SBA Lenders The annual ranking is compiled by the Dallas Business Journal, north Texas’ leading business Texas publication. Lending $35.4 million in SBA loans in 2014, GTCC is the only Texas-based entity in the top 5. DALLAS, February 3, 2015 – Greater Texas Capital Corporation […]