Success Story Showcase: See How Four Businesses Benefited from SBA 504 Financing

Entrepreneurs work hard to differentiate their business so they can provide the perfect products and services to their customers. Texas Certified Development Company (TxCDC) takes the same approach when helping small business owners who are considering purchasing property, a building or major equipment. TxCDC works with each entrepreneur to tailor an SBA 504 loan to meet the owner’s needs with the most favorable deal possible. Here are 4 examples of how TxCDC made it work: Tim Prukop, the owner of 1UpSports, had just opened his Austin-area business when he began to think about taking it to the next level. TxCDC helped to make that dream a reality. Click here to download PDF. An initial 504 loan helped Krisana Puccio and her co-owners open the Pineapple School in San Antonio. The success of this early learning center led to a waiting list of more than 300 children. Puccio and her co-owners decided to get a second 504 loan from TxCDC to build a second location. Click here to download PDF. Valley Die owner Andrew Brown used two 504 loans to enhance his business. The first one refinanced the company’s real estate while the second one purchased new die casting machinery. Brown anticipates […]

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Austin Company Using SBA 504 Loan to Create Welcoming Office Environment for Employees

GasPedal CEO Andy Sernovitz believes in making a commitment to his employees as well as to his clients. The New York Times’ best-selling author views the company’s employees as his work family and wants to ensure that they have the best possible environment so they can enjoy their time at the office while also being productive. Finding that the company was starting to outgrow its third leased space in five years, Sernovitz considered locating another rental in Austin’s hot real estate market. However, thanks to an SBA 504 loan through Texas Certified Development Company and Horizon Bank, he found he could purchase a location that would meet both the company’s current and future needs while also improving its bottom line. “When we looked at what it would cost to rent space, we realized that with a 504 loan, it would cost us the same to buy space,” Sernovitz said. “The 504 loan also changed the economics of our small business. The rent money is now going to be invested in equity. It improves our entire balance sheet and makes us a stronger, more stable organization.” Creating a Community to Support Networks Founded in 2006, GasPedal’s mission is to support peer-to-peer […]

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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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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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State Farm Agent Finds Favorable SBA 504 Terms
to Expand Her Business’s Coverage Area

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Thanks to the assistance of Texas Certified Development Company (TxCDC), Dallas-area State Farm Agent Dee Carter qualified for a Small Business Administration 504 loan with a low down payment and a low fixed interest rate so that her small businesses could move to a new location in April 2013.

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TxCDC Client, Texas Star Nut & Food Company, Ribbon Cutting Ceremony

With the assistance of Texas Certified Development Company (TxCDC) Loan Consultant Robert “Bob” Nance, Texas Star Nut & Food Company qualified for three SBA 504 loans since the company’s founding in 2001. The third SBA loan allowed the company, which provides high-quality nuts and dried fruits to Texas grocery stores, to more than double its space by opening a 15,000-square-foot expansion in 2011.  Texas Star Nut & Food Company epitomizes what it’s like to live, work and play in the city of Boerne and has created numerous jobs in the area, said one of the speakers during the dedication ceremony for the new facility that is posted on YouTube.

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TxCDC Helps 1Up Sports Better Meet Needs of Elite Athletes

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Tim Prukop already was thinking about how to build 1Up Sports Performance’s long-term success when he and co-owner Blake Gould opened the doors for business in April 2012. Now thanks to TxCDC’s assistance, this Austin business will reach another important milestone by the end of the year – a custom facility.

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