TexStar National Bank was awarded the “Community/Rural Lender of the Year” by the U.S. Small Business Administration in 2010. Since we are a Preferred Lender, we can process a SBA loan quickly and efficiently for those who qualify.
The U.S. Small Business Administration (SBA) has a loan program which offers financing with longer terms and lower payments, not available through other conventional commercial loans.
Eligibilty Requirements for SBA Loans:
- Be an operating business
- Be organized for profit
- Be small as defined within the size guidelines designated by the SBA
SBA Loans can be used for the following:
- Working Capital
- Furniture and Fixtures
- Machinery and Equipment
- Purchase of land and building including construction and renovations
- Business Acquisitions
- Refinancing of existing debt
- Revolving Lines of Credit
Contact TexStar’s SBA loan expert to find out about the different SBA loans available, 7(a), 504, SBA Express and SBA Patriot Express for active and retired military personnel.