To get approved for a small business in Texas, you’ll need to make sure you meet a lender’s minimum qualification requirements, including revenue, credit score and time in business.
Conventional lenders, such as the banks above, are often the first place small business owners think of when they’re in search of business financing. While they’re known to offer competitive interest rates and repayment terms, the process to apply and, if approved, get funded can be lengthy and tedious.
Today, many small business owners, especially those looking for small business loans in Texas for “bad credit,” are turning to alternative lenders. These nonbank lenders are able to offer faster, easier paths to financing by providing different funding products, such as merchant cash advances for Texas businesses. The tradeoff, though, is more frequent payments, shorter terms and higher interest rates.
Apply for Business Funding in Texas Through Fast Capital 360
When you’re in search of small business financing, Fast Capital 360 can help. SBA business loan rates for Texas businesses start at 6.25% and business term loan rates start at 7%, while merchant cash advance factor rates start at 1.10.
Here’s how you’ll benefit:
A few minutes online is all it takes to apply for financing. If approved, you could receive funding as soon as 1 day after approval.
We work with lending partners around the country. That means more financing offers could come your way.
After you apply, speak to a Fast Capital 360 Business Advisor to review the details of your financing offer. Choose the option that works best for you.
Get Your Business Loan Faster