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  • June 21, 2022

Lamar National Bank and FHLB Dallas Provide Financing to Capriotti’s Franchisee
$100K Small Business Boost Loan Filled Financing Gap for McKinney Restaurant

From left: Neil C. Hopkins, CFO; Stan Carver II, CEO; and Kirk Coleman, COO; of 3 Strand Restaurants outside the Capriotti’s in McKinney, Texas, funded in part with an SBB from Lamar National Bank.
MCKINNEY, TEXAS, June 21, 2022 — A Small Business Boost (SBB) loan from Lamar National Bank (Lamar Bank) and the Federal Home Loan Bank of Dallas (FHLB Dallas) helped fund the opening of the first Capriotti’s sandwich shop in McKinney, Texas.

SBB is offered by FHLB Dallas through member financial institutions such as Lamar Bank to provide financing for qualified small business transactions by filling the gap between the loan amount that an FHLB Dallas member institution can fund and the loan request made by an eligible small business. SBB loans are unsecured and subordinate to the primary loan made by the member financial institution.

In this case, 3 Strand Restaurants Inc. received $350,000 in funding with $100,000 of that in the form of an SBB loan to open the Capriotti’s Sandwich Shop. Stan Carver II, CEO of 3 Strand Restaurants, said he and three business partners also made investments to launch Capriotti’s in McKinney. Interior renovations are underway, and the shop is scheduled to open in mid-August along West University Drive in McKinney.

This is Lamar Bank’s first SBB loan in North Texas, an area of rapidly rising real estate prices where Jason White, vice president and commercial lender/business development officer at Lamar Bank, said the lending product could assist additional existing or newly forming businesses.

“Small businesses are a major focus for us, and SBB has some great advantages over other small business lending products with its straightforward application process, no payments for the recipient in year one to allow businesses to develop cash flow and a streamlined reporting process for the FHLB Dallas member,” Mr. White said. 

Mr. Carver said he ate his first Capriotti’s sandwich in 2019 in Las Vegas, Nevada, and loved it. The idea of opening a Capriotti’s in North Texas soon took hold. Mr. Carver’s real estate agent, who was helping him scout locations for the restaurant, introduced him to Mr. White at Lamar Bank.

“When Mr. White presented the SBB, I found it to be a straightforward process and a good fit,” Mr. Carver said.

Greg Hettrick, first vice president and director of Community Investment for FHLB Dallas, said access to capital can be challenging for small businesses, especially those just forming.

“Small businesses are the backbone of our communities, and Lamar Bank identified a business that will create jobs, boost the local economy and bring a new dining option to McKinney residents,” Mr. Hettrick said. “This is how we like to see the SBB in action.”

See to more about the SBB.
About Lamar National Bank
Lamar National Bank started in 1981 in Paris, Texas, by businessmen who saw an opportunity for Relationship Banking and supporting the needs of the community. We are dedicated to building a culture of care in the communities we serve and helping others find their path to success. Lamar National, with $360 million in assets, has full-service branches in Paris, Reno, Celina, Frisco, and Northlake, Texas, as well as a loan production office in College Station. 

About 3 Strand Restaurants
Headquartered in Anna, Texas, 3 Strand Restaurants is known for bringing the revitalized Capriotti’s and Wing Zone brands to Texas. Our goal is to provide quality, fresh food served by an award-winning team to our loyal customers. 3 Strand is opening locations across DFW. 

About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $62.6 billion as of March 31, 2022, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at


Contact Information:

Corporate Communications
Federal Home Loan Bank of Dallas