Greater Texas Capital Corporation Announces Expansion to Houston and Central Texas

The Certified Development Company will help more small businesses throughout Texas.

MAY 24, 2016

Greater Texas Capital Corporation (GTCC), a statewide Certified Development Company, is expanding its presence in the Central Texas and Houston areas. This will allow the company to help more small businesses in Texas grow and prosper.

This expansion is made possible by the addition of Judy Loden and Christine Foster as Regional Managers. Loden, a founding member of GTCC and active participant in the Texas Engineering Extension Service (TEEX) of Texas A&M Economic Development Advisory Board, will be serving the Central Texas area. She will cover Athens, Waco, Killeen/Temple, Bryan/College Station, and the surrounding areas.

Foster has over 20 years of experience in small business lending in the Houston area, most recently with Amegy Bank. This expertise will allow her to serve the Greater Houston area well in her new role with GTCC.

“We are excited about Judy moving into a familiar role of assisting small business owners in the Central Texas area. Her knowledge and years of experience will be a benefit to the banks and borrowers that she will be working with. The addition of Christine in the Houston market will provide a presence for us that we have desired for some time. Her background and knowledge will help us grow in the Houston area,” said Director of Sales and Marketing Greg Dunn.

“GTCC is looking to continue its steady growth and be a solution for our banking partners and provide the best long-term fixed rate financing product for small business owners. The addition of Judy and Christine will help continue our growth throughout Texas,” said Executive Director of GTCC Todd Buchanan.

GTCC participates in the SBA 504 Loan Program, which benefits small business owners and provides up to 90 percent financing at below-market, fixed interest rates with amortization terms up to 20 years. GTCC works with partnering banks to finance the acquisition of major fixed assets, including the purchase, construction, expansion or renovation of owner-occupied commercial real estate and/or the acquisition and installation of heavy-duty machinery and equipment.

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About Greater Texas Capital Corporation:

As a Certified Development Corporation, GTCC is a nonprofit company specifically established to contribute to economic development. We work with the SBA and other lending partners to provide loans to small businesses requiring real estate and equipment financing with long-term, fixed rates to acquire major fixed assets for expansion or modernization throughout Texas. GTCC ranks as the most active CDC in the Dallas/Fort Worth SBA District for the first six months of the fiscal year and is one of the country’s fastest-growing Certified Development Corporations.

Greater Texas Capital Corporation Wins Award for Securing 58.8 Million in Loans for 65 Small Businesses Statewide; 51 in DFW Alone

FOR IMMEDIATE RELEASE

SBA 504 industry funded $6 billion in loans to nearly 10,000 small businesses nationwide.

2013-award-imageDallas – February 2014 – The Small Business Administration (SBA) recently gave the Greater Texas Capital Corporation (GTCC) a Pinnacle Award for being the number one Certified Development Corporation (CDC) in 504 lending in the Dallas-Fort Worth district. In fiscal year 2013, GTCC secured $58.8 million for 65 Texas small businesses. Fifty-one of those loans, totaling $40.4 million, were in North Texas.

“GTCC is grateful and proud so many banking partners and North Texas businesses entrust us with their SBA 504 loan needs,” says Greg Dunn, GTCC Director of Sales and Marketing.

GTCC partners with small community banks, as well as regional and national banking organizations, to provide property and equipment financing solutions to a wide range of small businesses, including start-ups as well as existing and expanding businesses in manufacturing, retail and service industries.

Because we can offer a lower down payment and long-term fixed rate options that banks can’t, the SBA 504 loan program is one of the best options for small businesses looking to finance their commercial real estate and long-term fixed assets,” says Dunn.

Loan proceeds can be used to finance the acquisition of major fixed assets, including the purchase, construction or renovation of owner-occupied commercial real estate and/or acquisition and installation of heavy-duty machinery and equipment. The SBA 504 program is good for both borrower and lender.

Dunn says, “While our program allows the borrower to maximize their terms and preserve equity, it also benefits the participating bank partner by enabling them to offer 20-year fixed rate financing up to 40 percent of the financing request.”

The SBA 504 industry is constantly striving to develop new and better debt-refinancing products for small businesses. John Hart, GTCC President, says, “This year, we are cautiously optimistic that small business owners will be able to refinance the commercial real estate debt into the 504 loan product, allowing them to recapture equity they may have in their property and to take advantage of long term fixed interest rates.”

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About Greater Texas Capital Corporation: One of the country’s fastest-growing Certified Development Corporations, Greater Texas Capital Corporation helps businesses secure favorable fixed asset financing. As a Certified Development Corporation, we are a nonprofit company specifically established to contribute to economic development. We work with the SBA and other lending partners to provide loans to small businesses requiring real estate and equipment financing with long-term, fixed rates to acquire major fixed assets for expansion or modernization throughout Texas. Additionally, we cooperate with other CDCs to create solutions anywhere in the USA.

Greater Texas Capital Corporation produces more North Texas SBA loans than any other lender in FY 2012

FOR IMMEDIATE RELEASE

Record number of loans totaling more than $52 Million give start to 54 small businesses.

Dallas – Nov. 27, 2012 – The Greater Texas Capital Corporation (GTCC), a statewide certified development company established to contribute to economic development at the state and local level, secured more money for more small businesses than any other Small Business Administration (SBA) lender in the North Texas District in fiscal year 2012.

According to the North Texas SBA District, GTCC produced 54 loans totaling more than $52.4 million to support businesses in the 72 counties it serves. That is a significant increase over year 2011, when the company funded 43 loans totaling $32.9 million to businesses in industries such as retail, manufacturing, medical, and automotive.

“The word is out that GTCC is a conscientious and capable provider of SBA 504 loans, one of the smartest financing options for small businesses,” says John Hart, GTCC President. “We take pride in packaging, processing, closing and servicing loans that give North Texas small businesses the opportunity to grow, thrive and enrich their communities.”

SBA 504 loans are especially attractive for small business owners because they provide up cheap jerseys China to 90% financing at below-market, fixed interest rates with amortization terms up to 20 years. They are paired with a bank commercial loan to finance the acquisition of major fixed assets, including the purchase, construction, expansion or renovation of owner-occupied commercial real estate and/or the acquisition and installation of heavy-duty machinery and equipment.

The SBA 504 loan program is also increasingly on the radar of Texas banks, and GTCC works closely with institutions in North Texas and around the state to serve as the conduit between borrowers and lenders.

“We are seeing a growing number of banks of all sizes that want to utilize this program as a way to provide their borrowers the access to long-term fixed rates that are at historic lows,” says Greg Dunn, GTCC Vice President of Business Development. “The program is a win-win solution for the bank and the borrower.”

GTCC is the second largest SBA loan provider in the state, and ranks 20th among more than 300 certified development countries in the nation.

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About Greater Texas Capital Corporation: One of the country’s fastest-growing Certified Development Corporations, Greater Texas Capital Corporation helps business secure Corporation, we are a nonprofit company specifically established to contribute to economic development. We work with the SBA and other lending partners to provide loans to small businesses requiring real estate and equipment financing with long-term fixed rates to acquire manor fixed assets for expansion or modernization through Texas. Additionally, we cooperate with other CDCs to create solutions anywhere in the USA.