The best small business loans for Irving, 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 Irving, TX

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

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

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

Irving TX

Irving TX

How do I come up with a business loan in Irving, TX?

To come up with a business loan in Irving, TX, you should follow these steps:

  • Determine how much money you need: Determine how much you need to borrow by creating a detailed business plan that includes your projected expenses and revenue. Be sure to include all expenses, such as rent, utilities, inventory, and payroll.
  • Research lenders: Look for banks, credit unions, and other financial institutions that offer business loans in Irving, TX. You can also consider online lenders.
  • Check your credit score: Before applying for a loan, check your credit score and address any issues that may negatively impact your chances of approval.
  • Gather necessary documents: Collect all the required documents, such as your business plan, financial statements, tax returns, and bank statements.
  • Prepare your loan application: Submit your loan application to the lender along with the required documentation. Be prepared to answer questions about your business plan and financial situation.
  • Wait for approval: After submitting your application, the lender will review it and determine whether to approve it. If approved, they will provide you with the loan terms and conditions.
  • Accept the loan: If you are satisfied with the terms and conditions of the loan, accept the offer and sign the necessary paperwork.
  • Repay the loan: Once you have received the loan, make timely payments to avoid penalties and build a good credit history.

Note that the loan application process can be time-consuming and require a lot of documentation. It's best to prepare in advance and understand your financial situation and loan requirements well.

What is the simplest type of loan in Irving, TX?

The simplest type of business loan in Irving, TX, would depend on the specific financial situation of the business and its needs. However, some common simple business loans in Irving, TX, and elsewhere include term loans, lines of credit, and merchant cash advances.

It is important to carefully evaluate each option's terms, interest rates, fees, and repayment schedules before deciding which is best for your business. Additionally, seeking guidance from a financial advisor or accountant may be helpful to ensure you are making an informed decision.