Our non-profit development company, certified by the U.S. Small Business Administration (SBA), serves as a bridge between local lenders and companies who typically don’t meet the requirements for traditional financing.
Over the past 30+ years, the Texas Panhandle Regional Development Corporation (TPRDC) has:
Typical TPRDC funding projects through the Small Business Administration 504 Loan Program entails a bank loan secured by a first lien covering 50% of a project’s cost. Then the TPRDC covers up to the remaining 40 percent of the cost, and the borrower injects approximately 10%. In addition to minimizing your financial burden and enabling you to grow, other advantages include:
Fixed monthly payments
Enhanced cash flow
Low down payment
Long-term financing at low, fixed interest rates
Contact us for more details and support in completing your successful application for funding.