SBA Loan In Baytown
Baytown, TX Businesses Looking For An SBA Loan Need to Call Texas Funding and Consulting For Funding Advice
There are many ways for a small business in Harris County to acquire funding but one of the most popular choices is through a loan. This is not only true for a business that is ready to expand but also for a small business that may have suffered economically since the pandemic began. The small business loan program can help small businesses create jobs, opportunities and succeed.
Texas Funding and Consulting team is a top choice for business owners interested in an SBA loan in Baytown, TX. In addition to business loans, Texas Funding and Consulting is a commercial real estate loan company that offers a variety of other financing options to businesses of all sizes and in all industries.
Texas Funding and Consulting Team is a Renowned Leader in the Commercial Finance Industry Serving Harris County
With the right small business loan a business owner can gain access to the right funds to start a new venture or execute an expansion plan. The borrower must be sure not to get too high of an interest rate or agree upon unrealistic terms that could be economically catastrophic in the future. To make the most advantageous decision and find the perfect loan type, Texas Funding and Consulting can take the lead and guide you every step of the way.
What is the Small Business Association?
The Small Business Association (SBA) is a federal agency that assists small businesses and entrepreneurs interested in starting a business through educational and financial assistance programs.
What is an SBA Loan?
An SBA loan is a loan that the Small Business Association offers to entrepreneurs to help grow their small businesses. The SBA provides small and startup companies access to loans with special terms to allow growth potential. Companies funded through the SBA can access these loans because of the company’s contribution to the local economy.
The SBA loan provides a borrower access to capital that can be then invested into a business. A lender charges interest rates and fees and creates a repayment schedule in exchange for an amount a business can use for their capital.
The SBA offers a variety of loan programs based on business purposes. Funds from an SBA loan can be used for a variety of purposes such as working capital or improvements including updated technology, renovations, staff hiring and training, new product line, business acquisitions, real estate and more.
What are Acquisition Loans?
When you are buying an existing business that has added jobs to the community, the Small Business Administration allows for accessible loans with terms up to 15 years and up to 80 percent LTV. Companies need to be financially healthy, and their incomes must be below $1.25 million per year to qualify.
What are Equipment Loans?
If you are considering new equipment purchases and need funding, amortizing loans that have repayment periods of up to 25 years allows the administration to help your company make a long-term investment in new equipment. These loans encourage reinvestment in your company throughout the repayment period.
What is a Commercial Real Estate Loan?
When you finance property, you are making a purchase that allows your business access to work facilities without having to waste money on renting. As long as your company occupies the majority of the floor space in the new acquisition, the business is allowed to accept income from renting the remaining floor space. Texas Funding and Consulting has handled commercial real estate loans including office buildings, warehouses, factories, auto repair shops, storefronts, hotels and restaurants.
Getting a First SBA Loan in Baytown, TX
If you have held your business for more than one year, retain a high personal credit score, solid business revenue and collateral, you may qualify for a small-business loan. If you are not sure what funding direction to take, Texas Funding and Consulting boasts a portfolio full of extensive financial products including accounts receivable financing, bridge loans, hard money loans, equipment leasing and more.Texas Funding and Consulting will ask you the right questions up front and will make sure you are well informed before moving forward with financing.
Texas Funding and Consulting Provides Financing to Businesses in Harris County When They Need it Most
If you are interested in an SBA loan or commercial real estate loan and want to work with a top finance company in Baytown, TX, reach out to Texas Funding and Consulting to get started. Texas Funding and Consulting will help you discover the right funding option for your business. Texas Funding and Consulting will provide you with a free, no-obligation consultation with a financing professional. Call 713-344-1199 or visit https://funding4texas.com. Texas Funding and Consulting is ready and waiting to help you achieve your business goals with an SBA loan or commercial real estate loan Baytown.
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