Purchasing machinery, equipment, furniture and fixtures.
Inventory and working capital.

STBF funds the loan from money borrowed from the U.S. Small Business Administration.

Financing will not exceed 90% of the total project cost for existing companies, 80% for start-ups.

Borrower responsible for cash injection of minimum of 10% of loan value.

Minimum of $15,000 to a maximum of $35,000, however, project can be up to $105,000.

Loan terms vary from one to six years, depending on life of assets and cash flow of the company.

7%, based on current prime rate.

Actual interest rates will be based on the current prime rate at the time of loan application and closing.

First lien on assets being purchased and/or existing unencumbered assets of the small business concern.
Second lien on other business assets as needed.
Personal guarantees with other pledged assets, as needed.

Below-market fixed interest rates.
Flexible terms.
Small equity requirement.

Net worth less than $6 million and net income less than $2 million. Average for the last two years.

Twelve-county Alamo Service Delivery area: Atascosa, Bandera, Bexar, Comal, Frio, Gillespie, Guadalupe, Karnes, Kendall, Kerr, Medina and Wilson and, in the future, all South Texas.

South Texas Business Fund is an SBA Accredited Lender