Founded in the early 1980’s by the Houston-Galveston Area Council, the Houston-Galveston Area Local Development Corporation is licensed throughout Texas as an SBA Loan Program certified development company (CDC). We support economic development through low-cost, fixed-rate commercial/industrial real estate financing to expanding small businesses under the U.S. Small Business Administration’s (SBA) SBA 504 Loan Program. The SBA Loan Program uses both bank and SBA loans to finance up to 90% (50% bank loans, 40% from the SBA) which means a borrower may only need a 10 percent down payment (cash or project equity).