Texas Panhandle Regional Development Corporation

    September 2019 Interest RateOur non-profit development company, certified by the U.S. Small Business Administration (SBA), serves as a bridge between local lenders and companies that typically don’t meet the requirements for traditional financing.

    Over the past 30+ years, the Texas Panhandle Regional Development Corporation (TPRDC) has:

    • Created and / or retained more than 1,700 jobs in the Amarillo area
    • Guaranteed 155 loans worth $65 million to small businesses in Potter and Randall counties

    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:

    • Enhanced cash flow
    • Low down payment
    • Long-term financing at low, fixed interest rates
    • Fixed monthly payments

    Contact us for more details and support in completing your successful application for funding.