ABOUT Us

Caprock Business Finance Corporation is a non-profit entity created under the auspices of the South Plains Association of Governments (SPAG) in 1983. SPAG’s mission is to maintain and improve the quality of life for all people in the region by advancing the interests and enhancing the capabilities of its members. In pursuit of this mission, SPAG reviews and coordinates federal, state, and local programs of regional significance in order to maximize its economy, efficiency, and effectiveness.

OUR PURPOSE

The purpose of Caprock BFC is to be an economic development tool charged with administering the US Small Business Administration 504 commercial real estate loan program. We are housed in the Economic Development Department at SPAG. Caprock BFC is a designated Certified Development Company (CDC) with the authority to make a 504 loan anywhere in the state of Texas, though we focus on creating these loans in the South Plains and Permian Basin regions in order to positively impact job creation and retention in our region. As a CDC, we are responsible for marketing the 504 program and servicing our entire loan portfolio throughout the life of the loan. The goals of the 504 program are to create economic development opportunities in communities, provide affordable long-term financing for business expansion, give a financial incentive to encourage private lender participation, stimulate business capital investment, and to provide small businesses with access to public capital markets.

OUR EXECUTIVE COMMITTEE

President

Barry Ballinger, Lubbock Market President, PlainsCapital Bank

Vice President

Greg Garland, President, First Bank & Trust

Secretary

Bill McCay, Lubbock County Commissioner, Precinct 1

Treasurer

Brent Hoffman, Banking Center President, Prosperity Bank

OUR BOARD OF DIRECTORS

  • Dewey Bryant 
  • Christine Allen
  • Roni Stiff
  • Sherri Harrison
  • Todd McKee
  • Kevin German
  • Roger Cox
  • David Rushing
  • Paul Dannevik
  • Rick Boyd
  • Willis McCutcheon
  • Shari Flynn
  • Suzette Williams

OUR STAFF

We are a highly experienced and innovative team dedicated to providing outstanding service to the commercial lenders and borrowers we serve! Established in 1983 under the South Plains Association of Governments (SPAG), we specialize in economic development by offering long-term, fixed-interest loans through the US Small Business Administration 504 Program, our local SPAG Revolving Loan Fund, and the SPAG CORE program.

Being the local Community Development Corporation, we primarily focus our economic development efforts in the South Plains, Permian Basin, and Abilene areas, but are licensed to operate in the entire State of Texas.

We are The Local Choice, and we support Small Business!

Director

Kelly Davila

Loan Program Director

Naomi Couture

Caprock Staff

Ashlyn Smith