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What is the South Texas Business Fund?
The South Texas Business Fund (STBF) was created in 1978 to help small businesses grow. It wasn't set up by a bank or a corporation to turn a profit. Instead it was established by the City of San Antonio as a not for profit and self sustaining certified development company. It's purpose: to provide guidance and lend money to small businesses so that jobs would be created and sustained, and the overall quality of the local economy would be improved. The STBF loan programs include: SBA 504,
SBA Microloan,
the EDA Revolving Loan Fund (RLF),
Inner City Loan Fund and the
Bill Sinkin Loan Fund Programs.
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| What are the benefits of STBF programs? |
- Fixed interest rates
- Low cash injection of 10% for existing expanding businesses and 20% to 50% for start-up.
- Intermediate to long term loans.
- Finance soft costs including interim closing costs, bank points, title insurance, appraisals, etc.
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| How can loans be used? |
- Acquisition of vacant land.
- Acquisition of land and building.
Leasehold improvements: Renovation of building, addition to building.
- Construction of a building.
- Acquisition of machinery and equipment, and furniture and fixtures.
- Associated soft costs: title searches and insurance; attorneys fees; appraisals; environmental reports; architects; permits; surveys; installation of machinery; points on bridge loans, etc.
- Not permitted: mortgage broker fees; points on permanent financing; moving expenses.
- Refinancing not permitted except to finance property acquired within last nine months with interim funds.
Working capital.
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| Who is eligible for these loan programs? |
Loan program specifies location where funds can be used. |
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| Who is ineligible? |
- Not-for-profits. (Except for Inner-City Loan program)
- Company whose stock in trade is money (stock brokerage house; bank; insurance company with the exception of insurance agencies, which are eligible.
- Offshore facility.
- Speculative operation.
- Lobbyists.
- Businesses with more that 1/3 of income derived from legal gambling.
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| How can I contact the STBF? |
For further information, please call a loan officer at (210) 207-3932, or 1-800-557-2532. Web address is www.STBFund.com, and fax is (210) 207-3939. |
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| Where is the STBF located? |
The STBF is locate in the Frost Bank Tower, 100 W. Houston Street, Suite 1900, San Antonio, TX 78205. Get Directions |
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The South Texas Business Fund is an SBA Accredited Lender
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