Business Details
43 Years
experience
Trusted SBA Loan Provider in Lubbock, TX
Caprock Business Finance has been a trusted economic development partner since 1983, specializing in long-term financing solutions for small businesses across Texas. As a Certified Development Company (CDC) under the SBA 504 program, we focus on job creation and business expansion through innovative loan programs like the SPAG CORE and LoanStar Fund. Our team combines deep industry expertise with personalized service to guide lenders and borrowers through every step of the financing process.With a proven track record in the South Plains, Permian Basin, and statewide, we prioritize community impact and sustainable growth. Our commitment to transparency, competitive rates, and streamlined processes has made us a preferred choice for businesses seeking reliable capital investment solutions.
Services
SBA 504 Loans
LoanStar Fund
SPAG CORE
Economic Development
Small Business Financing
Details
- Year established: 1983
Highlights and features
- We have been serving Texas small businesses since 1983.
- Our local team simplifies the SBA 504 loan process.
- We offer lower down payment requirements for small businesses.
- We specialize in economic development and job creation financing.
- Our expertise spans statewide loan programs like LoanStar Fund.
Associations and certifications
- Certified Development Company (CDC)
What people say
Knowledgeable and encouraging
Easy process
Patient guidance
Services
SBA 504 Loans
SBA 504 Loans provide long-term financing for small businesses to acquire fixed assets like real estate or equipment. These loans promote job creation and economic development through competitive fixed rates. Ideal for expanding businesses seeking affordable capital investment solutions across Texas.
SPAG CORE
SPAG CORE offers fixed-rate loans to Texas businesses impacted by economic changes, including pandemic-related challenges. Funds support working capital, payroll, and operational expenses. Designed for businesses in 15 specified counties with flexible terms up to 25 years.
LoanStar Fund
LoanStar Fund provides fixed-rate financing for Texas startups and established businesses. Supports working capital, equipment purchases, and real estate acquisitions with terms based on collateral lifespan. Requires 1% origination fee and no prepayment penalties.
People
Kelly Criswell
Executive Director
Kelly leads Caprock's strategic initiatives with over two decades of economic development experience. She oversees loan program execution and team operations.
Chelsey Baldivia
Director of Economic Development & Regional Services
Chelsey manages regional loan programs and coordinates community development efforts. She specializes in connecting businesses with growth resources.
Ashlyn Brown
Program Coordinator & Closing Specialist
Ashlyn handles loan documentation and closing processes. She ensures compliance with program requirements during transaction finalization.
Questions
What loan programs does Caprock offer?
We offer SBA 504 loans, SPAG CORE (Covid relief), and LoanStar Fund programs for Texas small businesses.
What areas do you serve?
We focus on South Plains, Permian Basin, and Abilene but operate statewide in Texas.
Are there prepayment penalties?
No. Our loan programs have no prepayment penalties for early repayment.
What loan uses are eligible?
Eligible uses include real estate, equipment, working capital, and business acquisitions.