Texas, the lone star state, is a powerhouse economically, being the 10th largest economy among all nations of the world. Texas regularly ranks as one of the best states for business. Known in the business community as a business-friendly climate, Texas provides help to small businesses in the fact that it does not charge personal income tax, nor corporate income tax as well as business-friendly reduced regulations.
At Advancepoint Capital, acquiring small business loans in Texas is easy. We understand that traditional bank financing may not be accessible due to financial issues. That's why we offer a range of loan products, such as SBA loans, term loans, trade finance, equipment financing, and lines of credit to match your unique needs. Our online lender's network ensures businesses in hard-to-fund sectors get the necessary funding.
Get A Business Loan in Texas With Ease
Texans face tricky rules when it comes to business funding. The state's legal landscape is dotted with Texas-specific laws and regulations, which can make it difficult for small businesses to get the financing they need.
Whether you're in Houston, Dallas, Austin, or any other part of Texas, AdvancePoint Capital can help your business get the funding it needs to grow and succeed. We offer up to $1,000,000 small business loan with flexible terms and competitive rates.
9 Best Loans For Small Businesses in Texas (September 2023)
Texas Small Business Loans
Business term loans are the most requested loans by Texas business owners because of the fixed rates, fixed terms and fixed payments.
SBA Loans
The Small Business Administration administers the loan programs and guidelines for SBA loans. An SBA loan is guaranteed by the SBA, but offered by approved SBA lenders. The interest rates and terms are very attractive. You must have good credit, a written business plan and the paperwork can be daunting but well worth it if you are qualified.
Merchant Cash Advance
When a small business owner cannot get a business loan from a traditional bank they turn to alternative lenders who offer a Merchant Cash Advance, also known as an MCA, and a form of accounts receivable funding. MCA's are actually not loans, but purchase of future sales at a discount to the funder. These advances are based on current sales revenue and paid back by the funder taking a fixed set percentage of future sales until paid back in full.
Business Cash Advance
Business cash advances, a form of accounts receivable funding, are similar to merchant cash advances which are a sale of future receivables at a discount to a funder for a lump sum of money to a Business owner now. Repayment is flexible and made by business owner to the funder who takes a fixed set percentage of future sales deposits from business checking account until paid back in full.
Business Line of Credit
A highly sought after financing tool, business line of credit provides a line that is revolving and allows a business owner to draw funds on demand up to a credit limit without having to go through an approval process every time you draw. You are only responsible for paying interest on the outstanding balance.
Equipment Financing
For businesses that rely on heavy equipment for there services, equipment financing is a great option. The equipment is used as collateral to purchase expensive equipment and pay it back over years and not months with affordable payments.
Invoice Financing
For businesses that invoice there clients on a regular basis, invoice financing (also known as invoice factoring), is a great solution to accelerate cash flow. Invoice factoring companies advance money on an unpaid invoices within the net terms of the invoice that the business issues. This process accelerates the receipt of your accounts receivable aging invoices.
Short Term Small Business Loans
When traditional loans are not an option, short term loans can be an attractive alternative. Although shorter in duration (loans typically between 6 to 18 months to repay) than other loans, they are easier to get approved because the risk to the lender is reduced do to the length of time of repayment.
Long Term Business Loans
Larger businesses looking to expand typically need a long term loan solution due to the size of the loans needed and the need for affordable financing payments as it needs to be based on current revenues.
Small Business Administration
How to Start and Grow Your Business
View the Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
Texas District Office
How to Grow Your Business in Dallas
View the Dallas/Ft. Worth Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
Dallas/Fort Worth District Office
How to Grow Your Business in Houston
View the Houston Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
Houston District Office
How to Grow Your Business in San Antonio
View the San Antonio Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
San Antonio District Office
Why Do Small Businesses in Texas Need a Loan?
The most common reasons Texas small businesses acquire loans to help their business:
- Working Capital or cash flow for business essentials
- Capital to cover accounts receivable shortfalls
- Loans for Equipment
- Ongoing business purchases
- Expand and grow a business
- Construction financing
- Access to Capital for Cash Flow shortages
- Businesses that have emergencies and need financial help
- Advertising and Marketing
- Accounting Software
- Other business needs
Additional Resources, Business, and Community Lenders in Texas
- PeopleFund
- Texas Economic Development-Financing and Capital
- Texas Enterprise Fund Grants (TEF)
- Texas Workforce Training Grants- The Texas Workforce Commission (TWC)
- Federal Grants
- USDA loans
- Texas Department of Agriculture Grants
- Business and Community Lenders (BCL)
- Business Investment Growth Austin
- Small and diverse growth fund
- SBA Disaster Loans
- Other Resources for Small Businesses in Texas
Texas Community Lenders
Texas Capital Bank
Texas Capital Bank offers commercial banking, wealth management, investment banking, and personal banking. Texas Capital bank brings deep knowledge and experience and works collaboratively using a personal approach and client-centric culture enabling them to deliver exceptional value to clients for more than two decades. The bank is also known for giving back to the community by establishing the Texas Capital Bank Foundation.
Texas Trust Credit Union
Texas Trust Credit Union exists to help build brighter financial futures. The credit union members are friends, neighbors, and business leaders, and they have been helping them to live brighter since 1936.
The State of Texas, Office of the Governor’s Small Business Handbook
The State of Texas, Office of the Governor’s Texas Startup Resources Directory
Why AdvancePoint Capital?
With years of experience, we have been catering to the financial needs of businesses in Texas. The trust we have earned is evident through the excellent reviews and feedback from small business owners in the region. Our team consists of experienced business funding specialists specializing in serving Texas businesses. You can take advantage of our services without any obligation as we offer free quotes with no upfront costs. Additionally, we provide a diverse range of business loan products specifically tailored for businesses in Texas.
Apply for Business Loans in Texas Today!
Our simple application process makes applying for a business loan in Texas quick and easy at AdvancePoint Capital. All you need to do is fill out our online form and application page, and in just a few hours, you'll be well on your way to securing the financing solution you need. Getting a financing solution or financial advice in Texas can be a troublesome task, but we aim to simplify the process and provide efficient support. Trust AdvancePoint Capital to assist you in obtaining a business loan in Texas promptly and hassle-free.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.
