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The South Texas Business Fundsm
(STBF) is a self-sustaining financial resource
of the City of San Antonio. It is also a certified
development company and a 501(c)(3) non-profit
organization. As an administrator of key loan
products of the U.S. Small Business Administration,
it provides the administrative responsibility
for its partnering banks.
STBF’s objective is to lend money to businesses,
not to make a profit for itself. So it offers
clients competitive rates and longer terms up
to 20 years for loans on real estate and heavy
equipment.
STBF is able to take a bigger risk while providing
the first lien on the business to its banking
partners. It also is able to increase the collateral
ratio for its banking partners by subordinating
its lien position and giving the bank up to
50 percent loan to value.
The South Texas Business Fund prides itself
on the experience of its loan officers –
former bankers with a combined lending career
of more than 100 years. These financial professionals
facilitate a quicker turnaround than similar
lending organization. Additionally, the entire
staff of STBF is committed to an outstanding
level of personal service and attention to its
clients and partners.
Providing loan options for businesses big and small.
The South Texas Business Fund has always recognized
the diversity of small businesses and their
needs. From this perspective, it offers loan
products from $15,000 to more than $4 million,
with longer terms and competitive fixed rates.
It works closely with the U.S. Small Business
Administration (SBA), the Economic Development
Administration (EDA), the U.S. Department
of Housing and Urban Development (HUD), and
all area banks in offering various loan programs
to its customers.
- SBA
504 Loan Program
Finances major real estate and equipment
projects for borrowers located within the
state of Texas; loans range from $50,000
to more than $4 million. Borrowers provide
a minimum 10 percent of the project cost
and get loan terms of 10 to 20 years.
- SBA
Microloan Program
Finances loans of $15,000 to $35,000 to
borrowers located within the state of Texas.
Borrowers provide a minimum 10 percent of
the project cost and get loan terms of one
to six years.
- EDA
Revolving Loan Fund (RLF)
Provides working capital at fixed rates
for loans from $15,000 to $200,000. Can
be used for real estate or capital investments
for businesses within the San Antonio city
limits.
- Inner-City
Loan Fund Program
Provides loans to small businesses located
inside Loop 1604 in San Antonio from $15,000
to $50,000.
- The
Bill Sinkin Microloan Fund
Developed in 2003 in honor of community
advocate and former banker Bill Sinkin on
his 90th birthday, this fund provides microloans
to women and minority businesses located
within the San Antonio city limits and with
a special emphasis in the technology sector.
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