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Texas Panhandle Regional Development Corporation

ABOUT TPRDC

Our non-profit development company, certified by the U.S. Small Business Administration (SBA), serves as a bridge between local lenders and companies that are seeking commercial real estate financing.

The U.S. Small Business Administration’s 504 Loan Program enables expanding businesses or start-ups to secure long-term, fixed-rate financing for major fixed assets, such as land, buildings, and/or long-term equipment through loans made by the TPRDC.

A typical TPRDC project through the Small Business Administration 504 Loan Program entails a bank loan secured by a first lien covering 50% of a project’s cost. TPRDC then covers up to 40 percent of the cost, and the borrower injects a minimum of 10%. In addition to minimizing your financial burden and enabling you to grow, other advantages include:

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Enhanced
Cash Flow

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Low Down
Payment

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Long-Term Financing at Low, Fixed Interest Rates

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Fixed Monthly
Payments

The TPRDC is responsible for…

0
Jobs Created and/or Retained in the Amarillo Area
$
0
M
Worth of Loans to Small Businesses

The TPRDC is responsible for…

0
Jobs Created and/or Retained in the Amarillo Area
$
0
M
Worth of Loans to Small Businesses

BUSINESS FORMS

IRS 4506

IRS W-9

SBA FORM 413

GOVERNMENT FINANCING

SCHEDULE OF NOTES PAYABLE

JANUARY 2024 INTEREST RATE

504 LOAN RATE: 6.427%

LOAN & REFINANCING PROGRAMS

City of Amarillo Community Development Micro-Loan Program

The City of Amarillo Community Development Micro-Loan Program is designed to provide small businesses with increased access to capital in the City of Amarillo. This program creates job opportunities and provides a means for businesses to grow. The City of Amarillo Community Development Micro-Loan Program will target low to moderate income individuals in the City of Amarillo.

SBA 504 Loan Program

The program is designed to enable small businesses to create and retain jobs; SBA requires TPRDC to document the small business job creation/retention and meet the standard of one job created or retained for every $65,000 of loan proceeds provided to the small business by TPRDC. This requirement is waived for loans meeting public policy goals.

SBA 504 Refinancing Program

A program through the U.S. Small Business Administration that allows for the refinancing of existing commercial real estate or machinery/ equipment at low, fixed interest rates

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DISCOVER HOW AMARILLO CAN HELP YOUR BUSINESS SUCCEED