The best small business loans for Round Rock, 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 Round Rock, TX

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

How to get a small business loan in Round Rock, TX?

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

Round Rock TX

Round Rock TX

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

There are many places to get a business loan in Round Rock, TX, including banks, credit unions, and online lenders. The best place to get a business loan will depend on various factors, such as the borrower's creditworthiness, loan amount, and desired repayment term.

Here are some popular options for getting a business loan in Round Rock, TX:

  • Round Rock banks: Local banks offer business loans, including term loans, lines of credit, and Small Business Administration (SBA) loans.
  • Credit unions: Round Rock credit unions offer competitive rates on business loans, including commercial real estate loans, term loans, and lines of credit.
  • Online lenders: Online lenders offer a streamlined application process and quick funding for business loans. These lenders may be a good option for borrowers who need funds quickly or have less-than-perfect credit.
  • SBA lenders: The Small Business Administration (SBA) offers government-backed loans through approved lenders. SBA loans can be a good option for borrowers with difficulty qualifying for traditional bank loans.
What is the interest rate on a business loan in Round Rock, TX?

The interest rates on a business loan in Round Rock, TX, can vary depending on the lender, the type of loan, and the borrower's creditworthiness. Generally, interest rates on business loans can range from around 5% to 30%.

For traditional bank loans, the interest rates may be lower, starting around 5-6%, for borrowers with good credit and a solid financial history. The rates may be higher for online lenders or alternative financing options, but they may be easier to qualify for.

SBA loans, which are government-backed, may have lower interest rates, typically ranging from 4% to 10%, depending on the loan program and the lender. However, SBA loans may also have stricter eligibility requirements and a longer application process than other types of loans

.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 highest business loan amount in Round Rock, TX?

The highest business loan amount in Round Rock, TX, can vary depending on the lender and the type of loan. Traditional bank loans may offer higher loan amounts, ranging from tens of thousands to millions of dollars, depending on the borrower's financial history, creditworthiness, and the purpose of the loan.

SBA loans can also offer high loan amounts, with the maximum loan amount for the SBA 7(a) loan program being $5 million. However, the actual loan amount that a business may qualify for will depend on various factors, such as revenue, credit history, and collateral.

Online lenders or alternative financing options may offer smaller loan amounts than traditional banks, but they may be easier to qualify for and have a faster application process. Generally, online lenders may offer loans ranging from a few thousand to a few hundred thousand dollars, but some may offer up to $1 million or more.

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 is biz loan in Round Rock, TX?

"Biz loan" is a general term that refers to a business loan, a type of financing specifically designed for small and medium-sized businesses to help them manage their finances, grow their operations, or make significant investments. You can use a business loan for various purposes, such as purchasing equipment, financing inventory, expanding business operations, or hiring new employees.