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The best small business loans for College Station, 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 College Station, TX

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

How to get a small business loan in College Station, TX?

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

College Station TX

College Station TX

What is a smart business loan in College Station, TX?

No specific type of loan is called a "smart business loan" in College Station, TX, or elsewhere. The term "smart" in this context may refer to a loan tailored to a business's specific needs and offers favorable terms and conditions, such as lower interest rates, longer repayment terms, or more flexible payment schedules.

When it comes to business loans, it's important for business owners to carefully evaluate their financial situation and funding needs, as well as different research lenders and loan options, to find the best fit for their business. A loan well-suited to a business's unique circumstances and goals can help the business grow and succeed. In contrast, a poorly chosen loan can create financial challenges and limit the business's potential.

It's always a good idea to consult with a financial advisor or a business loan specialist to help you navigate the lending process and choose the best loan option for your business.

What is small business loan interest rate in College Station, TX?

Small business loan interest rates in College Station, TX, can vary depending on the lender, the loan amount, and the borrower's creditworthiness. Generally speaking, interest rates on small business loans can range from 5% to 30%, or even higher for riskier loans or borrowers with poor credit.

Some lenders may offer fixed interest rates, while others may offer variable rates that fluctuate over time. Factors that can impact the interest rate on a small business loan include the loan term, the collateral provided (if any), and the business's financial history and credit score.

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%

How much is given in a small business loan in College Station, TX?

The amount given in a small business loan in College Station, TX, can vary depending on the lender, financial needs, and other factors. Generally speaking, small business loans can range from a few thousand to several million dollars. Some lenders specialize in loans for smaller businesses, and others offer larger loans to established businesses.

In some cases, lenders may require collateral to secure the loan, such as business assets or personal assets of the business owner. When deciding how much to lend, lenders may also consider the business's financial history and credit score, as well as other factors such as the business's industry, cash flow, and growth potential.

Here’s a breakdown of the maximum loan amounts we offer:

TYPE OF SMALL BUSINESS LOAN

MAXIMUM LOAN AMOUNT

Business Line of Credit

$10,000 -$5,000,000

SBA Loan

$100,000 – $10,000,000

Equipment Financing

$25,000 - $5,000,000

Asset Based Loans

$250,000 - $10,000,000

Bridge Loan

$25,000 – $5,000,000

Inventory Financing

$25,000 – $10,000,000+

Invoice Financing

$25,000 - $10,000,000+

Purchase Order Financing

$25,000 – $10,000,000+

Business Term Loans

$25,000 – $5,000,000

What are the easiest business loans to get approved for in College Station, TX?

The easiest business loans to get approved for in College Station, TX, depend on several factors, including the borrower's credit score, business financials, and the lender's requirements. However, some loan options that may be easier to qualify for include the following:

  • Business lines of credit: Business lines of credit are similar to credit cards, allowing borrowers to draw funds up to a certain credit limit as needed. These loans can be easier to qualify for than traditional term loans, as they may require lower credit scores and have less stringent financial requirements.
  • Invoice financing: Invoice financing allows businesses to borrow against outstanding invoices, receiving funds upfront rather than waiting for the invoices to be paid. This loan option may be easier to qualify for than other loans, as the invoices are collateral.
  • Equipment financing: Equipment financing allows businesses to borrow funds to purchase equipment, with the equipment as collateral. This loan option may be easier to qualify for, as the equipment serves as security for the loan.