SBA Loan Program in Texas – Flexible Funding for Your Business
Flexible SBA Loan Program to Support Your Business
Our SBA loan program provides small businesses with accessible financing solutions to support growth, acquisitions, real estate purchases, and working capital needs. Whether you're launching a startup or expanding operations, an SBA loan in Texas offers competitive terms and lower down payments. Contact us today to explore your financing options.
Longer Loan Terms
Enjoy repayment terms of up to 25 years, reducing monthly payments and improving cash flow.
Lower Down Payments
Compared to conventional loans, SBA loans typically require lower upfront costs, making business expansion more affordable.
Competitive Interest Rates
With government-backed support, interest rates on an SBA loan in Texas are often more favorable than traditional financing.
Flexible Use of Funds
Funds can be used for real estate, business acquisitions, equipment, refinancing, and working capital to meet various business needs.
SBA Loan in Texas – Your Path to Business Growth
An SBA loan is a government-backed financing option designed to help small businesses access the capital they need for growth and stability. Unlike traditional business loans, SBA loans are partially guaranteed by the U.S. Small Business Administration, which reduces the risk for lenders and makes it easier for small businesses to qualify for funding.
SBA loans offer longer repayment terms, lower interest rates, and flexible eligibility criteria, making them a preferred choice for entrepreneurs who may not qualify for conventional loans. These loans can be used for various business needs, including working capital, equipment purchases, real estate investments, debt refinancing, and business acquisitions.
How Does an SBA Loan Work?
SBA loans are not directly issued by the Small Business Administration. Instead, the SBA partners with approved lenders, such as banks, credit unions, and financial institutions, to provide financing to small businesses. Here’s a step-by-step look at how the process works:
Determine Eligibility
Before applying for an SBA loan, businesses must meet the eligibility criteria, which typically include:
- Being a for-profit business operating in the U.S.
- Meeting the SBA’s definition of a small business based on revenue and employee count
- Demonstrating the ability to repay the loan through business financials
- Having a reasonable credit history with no recent bankruptcies or defaults
Choose the Right SBA Loan Program
There are multiple SBA loan programs, each designed for different business needs. The most common ones include:
- SBA 7(a) Loan – General-purpose financing for working capital, real estate, equipment, and business acquisition.
- SBA 504 Loan – Used for purchasing fixed assets like real estate, machinery, and heavy equipment.
- SBA Microloan – A smaller loan program designed for startups and small businesses needing up to $50,000.
- SBA Express Loan – A fast-tracked funding option for businesses needing quick access to capital.
Gather Required Documents
Bridge loans provide short-term commercial mortgage loans to businesses needing fast capital while waiting for permanent financing. These loans help maintain cash flow and prevent project delays.
- Business and personal tax returns (typically the last three years)
- Profit and loss statements (P&L) and balance sheets
- Business plan outlining the purpose of the loan and repayment strategy
- Personal financial statements of business owners
- Collateral documentation (if required)
Submit Your Loan Application
Once you have gathered the necessary documents, you’ll need to submit your application through an SBA-approved lender. The lender will review your financials, business plan, and creditworthiness before submitting the loan request to the SBA for approval.
Loan Approval and Disbursement
If the SBA approves the loan, the lender finalizes the terms, and the funds are disbursed. Depending on the type of loan and lender, the approval process can take anywhere from a few weeks to a couple of months.
Who Is It Ideal For?
An SBA loan in Texas is an excellent choice for:
- New and growing businesses that need affordable financing options
- Business owners who lack substantial collateral but have strong financials
- Companies looking for long-term financing solutions with manageable repayment terms
- Franchise owners, manufacturers, and retailers seeking funds for expansion or acquisitions
Types of SBA Loans We Offer
SBA 7(a) Loan
The most common SBA loan, ideal for working capital, business acquisition, or real estate purchases.
- Loan amounts from $150,000 to $2 million
- Terms up to 25 years for real estate and 10 years for working capital
- Can be used for commercial real estate, equipment, and refinancing
SBA 504 Loan
Designed for purchasing fixed assets like commercial real estate and heavy equipment.
- Up to 90% financing available
- Long-term fixed-rate loans
- Ideal for expanding business facilities
SBA Microloan
A great option for startups and small businesses needing smaller amounts of capital.
- Loan amounts up to $50,000
- Shorter repayment terms
- Can be used for inventory, supplies, and equipment
SBA Express Loan
A faster funding solution with a streamlined approval process.
- Loan amounts up to $500,000
- Quick approval turnaround
- Suitable for immediate working capital needs
SBA Franchise Loan
Specifically designed for franchise owners looking to finance their business.
- Can be used for startup costs, equipment, and working capital
- Competitive interest rates
- Supports recognized franchise brands
An SBA loan program is a powerful tool for small businesses looking for long-term financing with lower costs and flexible terms. Whether you're expanding, purchasing new equipment, or securing working capital, an SBA loan in Texas can provide the funding you need to succeed.
If you're ready to explore your options, Contact us today to get started!
Stafford Home Mortgages & Financial Services is a leading mortgage broker in Texas, offering residential and commercial mortgage services across Midland, Odessa, Big Spring, Andrews, and the surrounding areas.