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United Texas Bank
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United Texas Bank Is Offering a Special Small Business Loan Program for
Minority and Woman Owned Small Businesses and Small Businesses Located in Low and Moderate-Income Areas in Dallas, Denton, and Collin Counties

The loans can be used to refinance debt, purchase assets or meet other short-term or long-term needs.
Each product is summarized below:

Business Lines of Credit: Lines of credit offer the flexibility of revolving credit (the
amount outstanding will vary). The term is typically 12 months. These loans are
typically used to help with seasonal shortfalls, payroll and accounts payable, trade
discounts or marketing activities.
  • Rate: Wall Street Journal Prime + 0, floating.
  • Only $100 Origination Fee.
  • Interest is payable monthly, with principal and interest due at maturity.
  • 12-month term.
  • Unsecured in most cases.
  • If needed, a minimum liquidity covenant will be determined upon credit
  • The requirement to reduce the line to a -0- balance during the 12-month
    period is waived. Note that when the line matures, it may be converted to a
    Working Capital loan with a term payout.
  • A small business checking account at UTB is required. The minimum
    opening balance and the daily minimum balance will be waived while the
    line of credit is in good standing. (This will be a low-cost bank account for
    customers who may have never had a or had difficulty managing a bank
    account previously.)
Business working capital term loan: The term of the loans will normally range
from 12 to 60 months and offers a fixed rate with predictable monthly payments.
These types of loans are typically used to purchase inventory or an asset, i.e.,
truck, equipment, furniture and fixtures, etc.
  • Rate: 2-5 year treasury + 3.5% depending on the term of the loan, the rate
    will be fixed when the completed application is received.
  • The terms and repayment are summarized below:
  • Working Capital: The term is typically 2 years with a full principal and
    interest repayment within the 2-year term.
  • Equipment financing: Typically, 5 years principal and interest amortization
    as long as the life of the asset exceeds 5 years. Secured with up to 100%
  • Owner occupied commercial real estate financing up to 5 years with a 25-
    year amortization. The minimum upfront equity is 10%. The Bank will
    finance the lower of 90% of the Project Cost or 90% LTV.
  • Investment property can be used to secure a term loan. The pricing is
    subject to the term of the loan not to exceed 5 years. The amortization is
    not to exceed 25 years. Note that attorney fees will be incurred for real
    estate secured loans.
Who qualifies for the program and Loan Size Parameters:
  • The small business address or the owner’s address must be located in an area designated as Low-to-Moderate according to the FFIEC Geocode map.
  • The authorized owner must be at least 18 years old.
  • Business must be located in Dallas, Collin or Denton County.
  • Gross Annual Revenues not to exceed $5M.
  • Business must be in operation two years or more.
  • Loan Size Parameters: Minimum Loan Amount: $5,000 with a Maximum Loan amount of $1,000,000.
Types of Business: Entity Documentation List is enclosed:
  • Sole Proprietor
  • Partnership
  • Limited Liability LLC
  • C Corp
  • S Corp
  • Non-Profit
  • Professional Association
Information needed:
  • Business Loan Application - Small Business Banking
  • Entity Documents (see Required Documents for Entities for the list of documents needed for each entity)
  • Certificate of Good Standing (obtained by Bank during the application process)
  • Completed Beneficial Ownership form
  • Two years of personal tax returns
  • Most recent interim financial statement
  • Account receivable and account payable aging report for the business
  • Most recent personal and business bank statements
  • 1 year of business tax returns
  • Personal financial statement
  • Two current forms of identification (one form must be a driver’s license)
  • Completed credit report authorization form
  • Detailed statement of how the loan funds will be used

Get a customized, affordable financing you need to move your business forward with a small business loan from UTB.  Speak to an experienced loan officer today at 469-533-5018.