LCRA-backed Cen-Tex to push business loans. (Lower Colorado River Authority)

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 …