The best small business loans for Beaumont, 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 Beaumont, TX

We're proud to work with small businesses across various industries in Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, TX

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

If you’re looking to get a small business loan in Beaumont, 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 Beaumont, 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 Beaumont, 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.

Beaumont TX

Beaumont TX

 
What is the best place to get a business loan in Beaumont, TX?

There are many options to get a business loan in Beaumont, TX. Some popular options include traditional banks, credit unions, online lenders, and government-backed loan programs. The best place to get a business loan would depend on the specific needs and qualifications of the business owner.

 

We recommend researching and comparing different lenders' loan terms, interest rates, and fees to determine the best fit for your business. It may also be helpful to consult with a financial advisor or small business association for guidance.

What is the interest rate on a business loan in Beaumont, TX?

The interest rate on a business loan in Beaumont, TX, can vary depending on the lender, the borrower's creditworthiness, the loan amount, and the loan term. Generally, interest rates for small business loans can range from around 4% to 30%, with the average interest rate for a small business loan being about 6% to 12%. However, shopping around and comparing rates from different lenders is important to find the best interest rate for your specific business and financial situation.

 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%

What is the name of the government loan for small businesses in Beaumont, TX?

The most well-known government loan program for small businesses in the US is the Small Business Administration (SBA) loan program. It offers several loan programs for small businesses, including the 7(a) loan program, the Microloan program, the CDC/504 loan program, and others.

 

These loans are partially guaranteed by the government, which makes them less risky for lenders and can lead to more favorable terms and rates for borrowers. The SBA loans are available through participating lenders such as banks, credit unions, and other financial institutions in Beaumont, TX.

What is biz loan in Beaumont, TX?

A business loan in Beaumont, TX, is a financial product that funds small or large businesses to cover various expenses, such as inventory, equipment, payroll, marketing, and more. Business loans in Beaumont, TX, can be offered by banks, credit unions, and online lenders, and they can be secured or unsecured.

 

Some common business loans in Beaumont, TX, include term loans, lines of credit, equipment loans, SBA loans, and merchant cash advances. The specifics of a business loan in Beaumont, TX, will depend on factors such as the lender, the borrower's creditworthiness, and the purpose of the loan.