TransPecos Development Corp.
TransPecos Development Corp. was founded 20 years ago with a special focus on providing financial advisory services and financing businesses located in rural Texas communities.
Since that time, TransPecos has been involved in, directly and through affiliates, over 200 million dollars of projects, providing financial advice as well as bringing private equity and debt from a variety of sources.
The projects have included a broad range of industries including retail grocery stores, wholesale manufacturing facilities, produce packaging facilities, service companies, trucking and transportation, hospitals and other public finance needs. Most recently, in 2018, TPDC received its second New Market Tax Credit Allocation.
The $65 million allocation brings TPDC's total received allocation to $115 million, making TPDC very successful nationally under this program.
TransPecos has helped raise private equity for smaller rural projects and assisted business owners in structuring acquisitions, expansion plans and financing transactions, sometimes involving local or family resources as well as more traditional forms of institutional private equity or debt.
Competence — We understand traditional financing as well as the more complicated world of tax credits and economic development financing alternatives. We have successfully completed over 500 million dollars of transactions using a variety of debt and equity sources. We also have the capability to navigate complex or complicated grant applications and government programs.
Commitment — Our mission says it, we strive to bring jobs to rural Texas communities, and our commitment to do that goes hand-in-hand with helping business owners find the right community and develop the most beneficial financing package possible.
Personal service and support — Individualized service and support of our customers are of paramount importance at TransPecos Development Corp. We offer custom-tailored financial solutions designed to meet your goals. Your objectives matter most.
TransPecos Development Corporation ("TPDC"), a Community Development Entity (“CDE”), and its affiliate TransPecos Banks have been serving the financial advisory and credit needs of rural and low-income communities in Texas and the United States for the past 20 years. TPDC has been designated by CDFI as a rural CDE and as such over 50% of its activities are in rural areas of Texas. The principals of these entities see a pressing need for a well-financed and well-managed CDFI in Texas to provide credit to smaller businesses, lead affordable housing development, and deliver other financing solutions.
TransPecos Bank is a 90-year-old state member bank that has been under the ownership and control of TransPecos Financial Corp since 1998. During that period of time it has been actively involved in making loans to small businesses and persons in distressed, largely rural markets in West and South-Central Texas. Its activities and mission spawned the organization of TPDC as a community development entity and community development corporation. It continues its mission of providing credit and creative solutions to businesses, government and individuals in low income and rural communities. The bank recently established a dedicated government guaranteed lending division which should significantly enhance its ability to serve small businesses in Texas enjoyed and provide opportunities to bring additional credit in transactions that may be sourced by the CDFI or TPDC.