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LCRA-backed Cen-Tex to push business loans
Healthy small businesses needing up to $1,875,000 in capital for expansion may find a friend in a brand new organization that was just certified by the U.S. Small Business Administration to process loans.
Cen-Tex Certified Development Corp. (CDC) of Austin will serve the same 43-county area as its sponsoring organization, the Lower Colorado River Authority (LCRA). The jurisdiction includes Travis and surrounding counties.
"If we have a business needing to expand, it's a good deal for them," said Mark Sheffield, who is president of Cen-Tex CDC, as well as president and chief executive officer of the Lost Pines …