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Lone Star Bank

Lone Star Bank offers comprehensive SBA lending services tailored to meet the needs of small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan program, which is ideal for business expansion, working capital, and acquisition needs. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s expertise in SBA loans helps businesses access the capital they need to grow and succeed. Located in Houston, Texas, Lone Star Bank is committed to fostering economic development within the community by providing flexible financing options and personalized service. Whether you’re looking for a small business loan or a larger funding solution, they are equipped to assist with a range of financial products designed to support your business goals.

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Lender Type

Commercial Bank

Google Rating

3.9

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs and small business financing solutions. You can find assistance with loan applications, funding options, and expert guidance to help grow your business.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may also be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to contact them directly for specific branch hours or to schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to inquire about or apply for SBA loans; however, certain processing and closing fees may apply depending on the loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This service is primarily available to small business owners and entrepreneurs within the bank"s regional service area, but eligibility depends on meeting specific loan requirements.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Lone Star Bank

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