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The best small business loans for Wichita Falls, 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 Wichita Falls, TX

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

How to get a small business loan in Wichita Falls, TX?

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

Wichita Falls, TX

Wichita Falls, TX

 
What is the best place to get a business loan in Wichita Falls, TX?

There are various options to consider when looking for a business loan in Wichita Falls, TX, including:

  • Local community banks and credit unions: These institutions may be more likely to approve loans for small businesses in the area.
  • Online lenders: Online lenders offer a quick and easy application process, with some offering same-day funding. However, they may charge higher interest rates.
  • SBA loans: The U.S. Small Business Administration offers a variety of loan programs for small businesses. These loans are provided through SBA-approved lenders and typically have favorable interest rates and terms.
  • Non-profit lenders: Some non-profit organizations offer loans to small businesses that may not qualify for traditional bank loans. These loans may have more favorable terms and lower interest rates.

Ultimately, the best place to get a business loan in Wichita Falls, TX, will depend on your specific needs and qualifications. It is important to research, compare offers from multiple lenders, and choose the option that best fits your business goals and financial situation.

Can I get a business loan for my salary in Wichita Falls, TX?

Typically, business loans are intended to fund business expenses rather than personal expenses such as salary. However, some lenders may consider a borrower's salary part of their overall financial profile when evaluating a loan application. It's important to note that lenders will primarily look at the financial health and creditworthiness of the business when deciding whether to approve a loan.

What is biz loan in Wichita Falls, TX?

A business loan, or "biz loan" for short, is financing that a business can obtain from a financial institution or lender in Wichita Falls, TX. The loan is typically used to fund various business-related expenses such as purchasing inventory, equipment, real estate, hiring employees, or expanding operations. Business loans can be secured or unsecured and can vary in amount, interest rates, and repayment terms depending on the lender, the borrower's creditworthiness, and the purpose of the loan.