North Texas Certified Development Corporation
Financial ServicesTexas, United States11-50 Employees
North Texas Certified Development Corporation operates as a certified development company under the Small Business Administration's Section 504 program, providing financing for capital expansions. It offers long-term, fixed-interest, below-market-rate loans funded by debentures issued in the private market, with proceeds allocated to qualifying small businesses. The SBA fully guarantees repayment of these debentures, and 504 financing involves collaboration between NTCDC, banks through the CDC structure, and private lenders in Texas. Founded in 1981 and based in Plano, Texas, the organization serves small businesses across the state with staff experienced in SBA processes who can process, approve, and fund 504 loans efficiently. It maintains business development officers in major Texas markets and also serves smaller rural communities, aiming to make the SBA borrowing experience smooth for borrowers and participating lenders.