The best small business loans for Baytown, TX

Take your business to new heights with the right financing

  • Apply in less than 60 seconds
  • Wide range of financing option for every need
  • Competitive rates and terms
  • Personalized service
  • Dedicated support team

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Industries we work with in Baytown, TX

We're proud to work with small businesses across various industries in Baytown, TX. Whether you're in healthcare, construction, or technology, we're here to help you grow and succeed. Our financing solutions are customized to meet your needs, so you can focus on what you do best - running your business!

Here are some of the many industries we serve:

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    Construction

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    Medical Practices

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    Beauty Salons

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    Retail Stores

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    Restaurants

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    Hotels

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    Manufacturing

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    Staffing

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    Automotive Businesses

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    Landscaping

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    Toy Businesses

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    Transportation

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    IT

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    Professional Services

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    Veterinary Practices

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    Franchise Businesses

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See why thousands of businesses have made SMB Compass

the top-rated small business loan provider in Baytown, TX

Garrett Cushing
Garrett Cushing
November 30, 2021.
Diligent and honest people to work with. SMB has been a great resource for my business, helped me through a variety of different financing over the years.
John Limato
John Limato
November 16, 2021.
I rarely write reviews but felt the need to thank the SMB team. Found them to be honest people that took the time to understand my business and walked me through the entire process.
Connor Johnson
Connor Johnson
November 4, 2021.
SMB helped me navigate through the growth period in my business. They were diligent and genuinely cared to make sure we got the percent line in place to meet our current needs. Very happy I was introduced to them and would highly recommend.
Michelle Cota
Michelle Cota
October 27, 2021.
I am so happy that SMB was able to help our company when we were in a jam. They were so attentive and so easy to work with. Helped step by step to get financed. Thank you Clay!
Veronica Akins
Veronica Akins
October 14, 2021.
SMB Compass was helpful and fast. They kept in contact and answered all my questions. The best part of our interactions was that the lender could have given me an extremely high interest rate loan when I thought that was my only option, but he instead told me of another option that fit our needs much better and saved us money! Thank you Clay
John Folco
John Folco
October 13, 2021.
True experts in the Commerical finance space. Great company to work with, look forward to a continued relationship.
Pat Mcandrews
Pat Mcandrews
October 8, 2021.
Great team of professionals to work with. Incredibly responsive and great problem solvers. Would recommend them to anybody.
Haroon S
Haroon S
September 22, 2021.
Clay was great to work with. Very responsive and great communication.
John Lutz
John Lutz
September 15, 2021.
Great people to work with. They were transparent and helpful from the first call to closing. I would recommend them to anyone in my network.
Matthew Seymour
Matthew Seymour
July 16, 2021.
Clay & Matt are experts in the industry and they are able to advise on a number of topics.

Learn more about our loan packages

The best small business loan in Baytown, TX

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    SBA Loans

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    Term Loan

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    Invoice Financing

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    Business Line of Credit

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    Inventory Financing

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    Bridge Loans

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    Equipment Financing

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    Asset Based Loans

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    Purchase Order Financing

FAQs about small business loans in Baytown, TX

How to get a small business loan in Baytown, TX?

If you’re looking to get a small business loan in Baytown, TX, here’s what you should do:

  1. Know what you need. Before applying for a loan, get a clear idea of how much money your business needs and how you will use the funds. Doing so can help identify the best type of loan for your needs.
  2. Check your credit score. Many lenders in Baytown, TX, will look at your credit score when reviewing your application, so knowing where you stand is important. If your score is less than ideal, consider improving it by making timely payments, keeping old accounts open, and limiting new credit applications.
  3. Research lenders. Many different types of lenders offer small business loans in Baytown, TX, including banks, credit unions, and online lenders. Do your research to find out which ones best fit your needs and qualifications.
  4. Prepare your application. Once you’ve identified potential lenders, prepare your loan application carefully. This may include providing financial statements, tax returns, and other documentation demonstrating your ability to repay the loan.
  5. Apply for the loan. If you’ve found a lender you’re comfortable with, it’s time to start your application. The process varies from lender to lender, but essentially, you need to submit your loan application along with the required documents. You also need to prepare to answer any additional questions the lender may have.
  6. Wait for a decision. The lender will then review your application and decide whether to approve your loan or not. Funding speed depends on the lender and loan type. Banks usually take weeks or months, while online lenders can fund your business in a day.
 
 
Baytown, TX

Baytown, TX

What are the benefits of a business loan in Baytown, TX?

Business loans in Baytown, TX, can provide several benefits, including:

  • Access to Capital: A business loan provides access to capital to help start, grow, or expand a business.
  • Improved Cash Flow: By securing a loan, businesses can improve their cash flow and have more working capital on hand to meet expenses and invest in growth opportunities.
  • Building Credit: By successfully repaying a business loan, businesses can establish and build their credit history, making securing future loans at favorable terms easier.
  • Flexibility: Business loans offer flexibility in repayment and usage, allowing businesses to choose the loan that best meets their needs.
  • Ownership Retention: Unlike equity financing, a business loan does not require a business owner to relinquish business ownership.
What is an example of a business loan in Baytown, TX?

An example of a business loan in Baytown, TX, could be a term loan, where a business borrows a specific amount of money from a lender and agrees to repay it over a set period with interest.

 

Another example could be a business line of credit, where a business has access to a set amount of funds that it can draw from as needed and only pays interest on the amount borrowed. There are also SBA loans, equipment loans, and commercial real estate loans that businesses in Baytown, TX, can consider depending on their specific needs.

How long are business loans for in Baytown, TX?

The length of a business loan in Baytown, TX, can vary depending on the lender and the specific loan product. Some business loans may have a repayment period of a few months, while others may have repayment terms that extend to several years. It's essential to carefully consider the repayment period of a loan and ensure that it aligns with your business's cash flow and financial goals.

Here's the breakdown of terms for all the loans we offer:

TYPE OF SMALL BUSINESS LOAN

TERM

Business Line of Credit

Revolving

SBA Loan

6 to 36 Months

Equipment Financing

Revolving

Asset Based Loans

6 – 24 Months

Bridge Loan

Revolving

Inventory Financing

2 – 25 years

Invoice Financing

Revolving

Purchase Order Financing

6 to 36 Months

Business Term Loans

Revolving

What is the interest rate of a business loan in Baytown, TX?

The interest rate of a business loan in Baytown, TX, can vary depending on several factors, such as the borrower's credit score, the loan amount, and the repayment term. Typically, interest rates on business loans in Baytown, TX range from 4% to 12%, although they can sometimes be higher or lower than this range. Borrowers need to shop around and compare offers from multiple lenders to find the best interest rate and terms for their specific needs.

Here are our interest rates:

TYPE OF SMALL BUSINESS LOAN

INTEREST RATES

Business Line of Credit

 Starting at 7.99%

SBA Loan

 Starting at 6.25%

Equipment Financing

 Starting at 5.99%

Asset Based Loans

 Starting at 5.25%

Bridge Loan

 Starting at 12%

Inventory Financing

 Starting at 7.25%

Invoice Financing

 Starting at 12%

Purchase Order Financing

 Starting at 15%

Business Term Loans

 Starting at 6.99%