Pacesetter CDE, Inc. ("PCDE") will utilize its NMTC allocation to provide subordinate loans with better than market terms to finance small businesses in the State of Texas. PCDE will invest primarily in businesses owned, controlled, and/or managed by women and minorities by offering loans that differ significantly from most commercial loans. These loans will have lower than market interest rates, substantial interest only payment periods, longer than standard loan amortization periods, and no origination fees. A focus will be placed on investments that create an increase in the number of permanent jobs, or the salaries of those jobs.