Gaskill’s Experience, Knowledge Bring Value
to Both TxCDC and Its Clients
Texas Certified Development Company (TxCDC) Loan Officer Corey Gaskill has a deep understanding of banking and its role in the success of small business owners. Since moving to Austin to attend graduate school, Gaskill has been actively involved in strengthening his community through his 30-year career in commercial lending as well as his considerable non-profit work. All of these experiences enable Gaskill to help TxCDC work effectively with bankers and small business owners who want to grow their businesses.
In his role at TxCDC, Gaskill assists in building relationships with bankers and packaging SBA loans. He also has been instrumental in the operational side of the company through recommending updates to processes, such as using Dropbox to facilitate communications with bankers.
His body of work (which includes working in big banks and community banks) and his work ethic are greatly appreciated. “Corey has been a valuable addition to our team,” said TxCDC President Suzanna Caballero. “He is hard working, thorough, knowledgeable and resourceful, which adds value in ways that only an experienced lender can. He enjoys helping borrowers to gain access to funds that allow them to grow and manage their companies. He also can speak to bankers about the SBA in a way that makes sense and cuts through the SBA jargon in order to get results.”
Learning Lifelong Lessons About Small Businesses
Gaskill’s introduction to small businesses began in youth. His father managed a small general insurance agency and a small cattle ranch while his mother was a freelance writer. Gaskill was able to observe first-hand the many talents required to run a small business as well as gain understanding of the unique risks and rewards of such an endeavor.
After earning a bachelor’s degree in economics from Texas A&M University, Gaskill accepted a position in the merchandise buying department at Sanger Harris in Dallas. This first job out of college turned out to be a crash course in profit margins, inventory control and turnover.
With a year of retail under his belt, Gaskill enrolled in graduate school at the University of Texas at Austin and earned a master’s degree in finance. After graduation, he decided he wanted to remain in the capitol city of Texas. “Banking allowed me the opportunity to stay in Austin, a city that I had fallen in love with,” he said, adding that he accepted a position at Austin National Bank, where he met Caballero. “I was brought into the management training program, which was a two-year stint in the credit department and then moving out to the lending floor. She was on the operations side.”
After a significant period of time working in banking, changes in the industry during the late-2000s caused Gaskill to reevaluate his career. “A borrower really needs an advocate, a loan broker on their side helping them find a source for loans when not many financial institutions have an appetite for commercial real estate collateral,” he said. This gap in services caused him to start his own business, Diamond G Capital, in 2010 in order to find real estate loans for his clients from both private and conventional sources. During this time, Gaskill was able to work as a contractor with TxCDC on some projects.
After one year, the work with TxCDC proved both productive and valuable for all parties. “With such good chemistry, we all decided to deepen the relationship with full-time employment. It’s been a real nice fit,” said Gaskill, who has been with the company for three years. “It’s a great opportunity to work with people and numbers and money in an environment where we all can thrive.”
Enjoying the Great Outdoors – and Giving Back
Gaskill’s off-hours are divided between enjoying the outdoors and giving back to the community. Gaskill likes to run the trails around Austin’s Town Lake, swim and ride his bike. He also enjoys scuba diving, snow skiing, backpacking, kayaking and cycling. The outdoorsman also fishes for trout, redfish and flounder as well as hunts dove and waterfowl.
He also is committed to being involved in the area’s nonprofits. “I can’t remember a time in Austin when I wasn’t serving on the board of a non-profit,” Gaskill said. “Invariably, as a banker, I’m always asked to be the treasurer and then I move on up the officer ladder, and become president of most every non-profit I’ve joined.” He remains active in the Metropolitan Breakfast Club and the Rotary Club of West Austin, where he was recently named a Paul Harris Fellow for his support of the organization and its international humanitarian projects. Gaskill also currently serves as the president of the Austin Woods and Waters Group; he was previously recognized as the organization’s 2010 Sportsman of the Year.
Gaskill’s commitment — both professionally and personally – to the vitality of his own community makes him a valuable asset to TxCDC. “His knowledge of and service to not-for-profits allow him to appreciate the importance of community development and the advantages of the SBA’s 504 lending program,” Caballero said. “Combine those qualities with his experience in banking and ability to help lenders and small business owners reach their goals, and you can see why he’s a perfect match for TxCDC.”