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The best small business loans for Dallas, 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 Dallas, TX

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

How to get a small business loan easily in Dallas, TX?

If you’re looking to get a small business loan in Dallas, 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 Dallas, 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 Dallas, TX, including banks, credit unions, and online lenders. 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 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.

Dallas TX

Dallas TX

How can I get a business loan easily in Dallas, TX?

Getting a business loan in Dallas, TX, can be easy if you have the necessary documents and qualifications and work with online lenders.

Online lenders make getting a loan easier because they offer more flexible terms and greater convenience. You can apply for a loan anytime, anywhere, and often receive an instant decision. Because most online lenders don't have physical locations, they can offer competitive interest rates and faster turnaround times than traditional banks.

Who is eligible for a business loan in Dallas, TX?

Generally, business owners in Dallas, TX, who have established businesses with good credit scores and steady revenue growth can be eligible for a business loan. 

When considering your application, most lenders will look at your credit score, time in business, annual revenue, industry type, risk level, collateral requirement, and personal financial information. Understand all the eligibility criteria before applying for a loan so you can assess if you meet the lender's requirements.

Online lenders are more lenient with their qualifications. They usually work with people with low credit scores and require minimal paperwork.

How can I get a $50,000 loan in one day in Dallas, TX?

While it is not always possible to obtain a $50,000 loan in one day in Dallas, TX, some online lenders offer same-day funding for certain loans. However, research all the requirements and eligibility criteria before applying for a loan and compare different offers from different lenders to get the most favorable terms possible. Some lenders may also require collateral such as equipment or real estate to secure the loan, so consider this when shopping for the best deal.

What is the easiest loan to get approved for in Dallas, TX?

The easiest business loans to qualify for in Dallas, TX, are those with lower risk profiles. For example, secured loans backed by collateral such as real estate or vehicles are generally easier to process and approve. Additionally, government-backed loan products such as SBA loans may provide an easier path to qualification due to their lower risk profile. Other factors lenders consider when determining loan eligibility may include the business owner's credit history and other financial metrics.

Can you get a business loan with no money down in Dallas, TX?

Consider looking into small business loans specifically designed for entrepreneurs who may have little cash on hand. Some lenders may also be willing to work with you if you have a solid business plan and a good credit score.

You can also consider crowdfunding or finding investors willing to invest in your business. This can be more challenging, but it may be possible if you have a compelling business idea and can effectively communicate your vision to potential investors.