Most Caprock loans are for the expansion of existing businesses. Caprock has been highly active. In addition to its successful mortgage lending activities Caprock also provides some financial counseling and financial packaging services. A Revolving Loan Fund has been created to enhance the lending capability provided by Caprock. The fund utilizes resources of Farmers Home Administration and Economic Development Administration to provide fixed asset and working capital financing for the expansion of area businesses.
Financing is generally at below market rates with long term and fixed rate features.
South Plains Housing Finance Corporation was established by SPAG to provide low-interest financing for the construction of housing for low and moderate income families. Funds to finance housing are generated through the issue and sale of bonds. High Ground is a regional marketing program designed to attract industry to the region. Cities may participate, at a nominal fee, in a nationwide program to convince industry to consider them as a potential site for an industrial location. The REDI program trains teams of volunteers and other individuals interested in learning the basics of community economic development.