The best small business loans for Tallahassee, FL

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 Tallahassee, FL

We're proud to work with small businesses across various industries in Tallahassee, FL. 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 Tallahassee, FL

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 Tallahassee, FL

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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 Tallahassee, FL

How to get a small business loan in Tallahassee, FL?

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

Tallahassee FL

Tallahassee FL

 
What is the best place to get a business loan in Tallahassee, FL?

There are many options for getting a business loan in Tallahassee, FL. Some of the best places to start include community banks, credit unions, and online lenders. Local organizations like Small Business Development Center in Tallahassee can also provide guidance and resources on obtaining financing. It's recommended to shop around and compare offers from multiple lenders to find the best loan terms and interest rates that meet your business needs.

What is an SBA loan in Tallahassee, FL?

SBA stands for the Small Business Administration, a government agency that provides support and resources to small businesses in the United States. SBA loans are offered through the SBA program that helps small business owners access financing to start or grow their businesses. These loans are provided through SBA-accredited and are partially guaranteed by the SBA, making it easier for small businesses to qualify for financing. SBA loans can be used for various purposes, including purchasing equipment or inventory, expanding a business, or refinancing existing debt.

Are business loans good in Tallahassee, FL?

Business loans can be an excellent option for entrepreneurs and small business owners in Tallahassee, FL, who need financing to start or grow their businesses. With a business loan, you can access the capital you need to invest in equipment, inventory, marketing, and other business expenses, which can help you increase revenue, expand your operations, and ultimately achieve your business goals. However, it's important to carefully evaluate your options, understand the terms and conditions of the loan, and ensure that you have a solid plan for repaying the loan before you apply.

How many months is a typical business loan in Tallahassee, FL?

The length of a typical business loan in Tallahassee, FL, can vary depending on the type of loan and the lender. Some business loans may have a repayment term of just a few months, while others may have repayment terms of several years. The repayment term of a business loan is typically determined based on the amount of the loan, the borrower's creditworthiness, and the lender's policies. It is important to carefully review the terms of any business loan before accepting it, including the repayment term and any associated fees or interest rates.

 

Here's the breakdown of terms for all the loans we offer:

TYPE OF SMALL BUSINESS LOAN

TERM

Business Line of Credit

Revolving

SBA Loan

6 to 36 Months

Equipment Financing

Revolving

Asset Based Loans

6 – 24 Months

Bridge Loan

Revolving

Inventory Financing

2 – 25 years

Invoice Financing

Revolving

Purchase Order Financing

6 to 36 Months

Business Term Loans

Revolving