Texas Panhandle Regional Development Corporation (TPRDC)

Texas Panhandle Regional Development Corporation

Our 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.