TxCDC Customizes 2 Loans to Support Valley Die Castings’ Growing Needs

Rio Grande Valley Company Molding Its Future Valley Die Castings, Inc . built its reputation on creating custom components and providing just-in-time delivery to its Rio Grande Valley customers. So when owner Andrew Brown CPA contemplated applying for an SBA 504 loan, he wanted an equally high level of service. Brown found what he was looking for in Texas Certified Development Company (TxCDC). “The TxCDC staff members were very easy to work with and very thorough in making sure all the details were addressed,” the owner of the McAllen-based business said. TxCDC’s staff members, in turn, appreciated assisting a small business owner who had a vision for where his company needed to go. “Andrew knew what he wanted and how to get there,” said Senior Loan Officer Corey Gaskill, who oversaw the loan application process for TxCDC. “The SBA 504 loan met the down payment preferences of the borrower and provided needed expansion funding for a Texas company.” A Long History in the Valley Valley Die Castings has a long history of working in the Rio Grande Valley. The company was started by Andrew’s father, Charles Brown, in 1992 with the help of an SBA 7(a) loan. Brown worked for his […]

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Small Business Owner Finds Nothing Fishy About Advantages of SBA 504 Loan

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Carol Huntsberger has a great fish tale to tell. It’s not a tale about the one that got away. Instead, she can tell a story of helping to turn around Quality Seafood when it was struggling. Then, with the help of Texas Certified Development Company (TxCDC), she was able to get an SBA 504 loan to buy and renovate the company’s building…

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Esparza’s Work Ethic, Focus on Customer Service Ensures
TxCDC’s Loan Application Process Stays on Track

Agueda “Agatha” Esparza’s work ethic and attention to detail has always been noticed. Starting as a teenager when she was hired to bus tables at a restaurant but soon promoted to waitress, Texas Certified Development Company’s packaging manager regularly has been recognized by her employers for her willingness to go the extra mile. That perseverance, attention to detail and friendliness has not only helped her achieve personal milestones, but makes her the perfect person to assist small business owners who are looking to grow their business through an SBA 504 loan. “Customer focus is what I think of when I think of Agueda,” said TxCDC President Suzanna Caballero. “She always considers our customers, which we consider our borrowers and bankers, when she takes action, works with our team and performs her duties.  It’s natural for Agueda.  What a joy it is to have her work ethic and customer focus on our team!” Always Striving to Improve Born in Mexico, Esparza is the youngest of eight children. When she was 11, her family moved to Natchitoches, Louisiana. Because she didn’t speak a word of English, Esparza was assigned to an English-as-a-Second-Language class where her teacher took her under her wing. She […]

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Investing in Technology? Avoid These Mistakes!

Referenced from the Business Circle by AT&T If you are a small business owner and plan to invest in new technology, stop before you move on. We came across this article by business author Susan Solovic, highlighting some of the most common technology investment mistakes and how to avoid them. Purchasing the right technology for your business is critical but can be difficult to determine what is best suited for your needs and budget. Susan covers several points that will help you make better decisions. Read the full article here.

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SBA Early Retirements and the Effect On Lenders

Referenced from the Coleman Report According to a report from the Coleman Report, the last day of the federal government’s fiscal year end (September 30th, 2014) was also the last day of government service for thousands of federal employees. Because of this the SBA suffered some casualties in the process, specifically a high number of senior employees opting for early retirement. How does this effect lenders? Read the full article here.

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Award-Winning Business Executive Ed McGuire to Join TxCDC
as Consultant Serving Dallas-Fort Worth Area

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Texas Certified Development Company (TxCDC) has named Ed McGuire as its representative in the Dallas-Fort Worth area. McGuire, a well-respected business executive who has extensive experience in helping small business owners succeed, began his duties with TxCDC on August 18th.

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Best Practices: Lender’s Responsibilities for Disbursements in SBA Loans

Republished (in whole) with permission from: Starfield & Smith, P.C. by Timothy D’Lauro One of the most important conditions in underwriting, documenting and properly closing an SBA loan is making sure that the use of loan proceeds complies with and is subsequently disbursed in the manner dictated by the SBA in the Loan Authorization. It is the responsibility of the Lender to ensure that all conditions are met before, during and after closing takes place to make sure the loan is properly disbursed. If the Lender does not properly monitor ALL loan disbursements, it is possible that a repair or denial could jeopardize its guaranty. In the time period before the loan closes, the Lender must work to obtain the proper documentation to ensure that the Loan proceeds will be properly disbursed in accordance with the Loan Authorization. Some of this documentation includes notes, invoices and payoff statements depending on the type of transaction. These steps are crucial in ensuring that the use of proceeds for which the Lender is planning on disbursing will comply with SBA guidelines even before the money is disbursed. During closing, the Lender must pay careful attention to how and where the loan proceeds are being […]

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BBVA Compass Stadium Gets Standing Ovation for Helping
to Transform Troubled Houston Area

New Market Tax Credits Help Make Facility Possible Houston’s BBVA Compass Stadium — which was created with the support of $25.5 million in New Markets Tax Credits allocated by Texas LIC Development Company (which is a subsidiary of Texas Certified Development Company), Texas Certified Development Company, Waveland Community Development and Wells Fargo — has boosted employment, increased tax revenues and received numerous accolades since it first broke ground in February 2011. The state-of-the-art stadium, which was completed in May 2012, serves as the home to the Houston Dynamos of Major League Soccer, the Houston Dash of the National Women’s Soccer League and the Texas Southern Tigers football team. Providing A Significant Economic Impact The BBVA Compass Stadium is a key catalyst in the development of Houston’s East Downtown District and adjacent areas.  Although the East Downtown District has had a long history of commercial and industrial usage, the land and assets were largely underutilized or dilapidated prior to the stadium’s construction. The area also has been severely distressed economically with a 41.5% poverty rate, an 11.5% unemployment rate and incomes that were 43.6% of the 2011 average median income. The creation of BBVA Compass Stadium has made a big difference […]

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Pineapple School Owners Find TxCDC Speaks Their Language
in Starting Second Location

Krisana Puccio always wanted to learn Spanish. She didn’t achieve her own dream until later in life, but she’s dedicated to helping her young charges learn this language while attending The Pineapple School. The Spanish-immersion early learning center, located in north central San Antonio, has 180 students enrolled. “We only speak Spanish at the school,” said Puccio, who serves as the school’s administrator. “We have children who range in age from 6 weeks to 5 years old. From the moment they start coming to the Pineapple School, we try to only speak to them in Spanish. The idea is to take advantage of this time that, according to education research, children are able to acquire a second language, or even a third or fourth at a very rapid rate and very easily.” The children aren’t the only ones achieving rapid success. The school, which opened in 2010, already has a waiting list of more than 300 children, thus prompting Krisana and her business partners – husband Juan Puccio, her father Dr. Hugo Carvajal, and her mother Susan Carvajal, who serves as the school’s director – to seek a Small Business Administration (SBA) 504 loan through Texas Certified Development Company (TxCDC) […]

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Nance’s Extensive Experience Helps Small Businesses Grow Despite Looming Economic Threats

Offering Advice, Resources to San Antonio, Hill Country Entrepreneurs and Bankers Bob Nance understands what it feels like to be in a potentially hostile environment that could change the trajectory of one’s life. During a recent trip to the African country of Tanzania, the Texas Certified Development Company (TxCDC) consultant participated in a safari. “We got so close to so many wild animals. It just amazed me,” he said. “One time we went down this dirt road and came across some lions. We stopped about 30 feet away to watch them. One huge lion walked over and laid down in the shade of our truck right by where I was sitting. I could have reached down and petted that lion but I probably would have lost an arm in the process.” That experience gave Nance a renewed respect for what many of his small business clients must have experienced when facing the seemingly unrelenting claws of the recent economic recession. “I was feeling secure inside the truck, but also knew that I could be suddenly mauled by the lion if something went wrong,” Nance said. “It’s like a small business owner who is doing well and growing, but can be […]

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