The best small business loans for Sugar Land, 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 Sugar Land, TX

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

How to get a small business loan in Sugar Land, TX?

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

Sugar Land, TX

Sugar Land, TX

How long does it take SBA to approve a loan in Sugar Land, TX?

The time it takes for the Small Business Administration (SBA) to approve a loan in Sugar Land, TX, can vary depending on several factors, including the complexity of the loan application and the volume of loan applications being processed by the SBA at the time.

 

The SBA generally aims to process loan applications within 10 business days, although it may take longer for more complex loan applications. It's important to note that the SBA does not directly lend money to small businesses but provides loan guarantees to approved lenders, such as banks and credit unions.

How do I know if my SBA loan is approved in Sugar Land, TX?

Once you have applied for an SBA loan in Sugar Land, TX, you will typically receive a decision within 5 to 10 business days. Your lender will notify you whether your loan has been approved or denied. 

 

If approved, you will receive a loan offer, which will outline the terms and conditions of the loan. 

 

You will need to review the loan offer carefully and accept it in writing before the funds can be disbursed. If your loan application is denied, the lender will typically provide the reason(s) for the denial and any options you may have to appeal the decision.

How long is an SBA loan in Sugar Land, TX?

The length of an SBA loan can vary depending on the loan type and the funds' intended use.

 

For example, SBA 7(a) loans can have a repayment term of up to 10 years for working capital and up to 25 years for real estate. SBA CDC/504 loans can have a repayment term of up to 20 years for real estate and up to 10 years for machinery and equipment.

 

The lender and the borrower will determine the exact length of the loan during the application process based on the borrower's creditworthiness, financial situation, and the intended use of the funds.

How much is given in a Sugar Land, TX, small business loan?

The amount given in a small business loan in Sugar Land, TX, can vary depending on the lender, the borrower's creditworthiness, and the business's specific needs. 

However, the Small Business Administration (SBA) offers loan programs with maximum loan amounts ranging from $50,000 to $5 million. 

The actual loan amount a business may receive can be determined by factors such as the purpose of the loan, the business's cash flow, and the collateral offered. It's best to check with specific lenders or the SBA for more detailed information on loan amounts.

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