SBA Loans in Houston

SBA loans in Houston are a popular way to find commercial capital. And, are available through a number of vendors and come in different structures. The good news about SBA loans in Houston or elsewhere in the great state of Texas, is there are many options to choose from, meeting terms, amounts rates, and purposes. Read on to learn more about SBA loans in Houston Texas.

SBA loans in Houston are ideal for small existing businesses, and startups alike, these also can be used as a source of short-term capital infusion, in some instances. Here’s a quick look at the most common and popular types of SBA loans in Houston and beyond:

  1. SBA 7(a) loan. This is perhaps the most well-known and most often used among established and newer companies. It allows for many different types of purposes, including real estate acquisition, equipment acquisition, expansion, inventory buys, and other general purposes. These loans range from $50,000 to $5 million and can run up to a term of 25 years.
  2. SBA CDC/504 loan. For businesses seeking commercial real estate acquisition or commercial equipment acquisition, the 5:04 loan program is one of the best choices among the variety of SBA loans. The 5:04 loan program has a minimum capital funding of $125,000, up to $20 million dollars, and can carry a term of as much as 25 years.
  3. SBA microloan. The SBA microloan program is usually accessible for small fledgling companies, or startups. Amounts vary from as little as $25,000 up to $50,000 and offer short-term financing solutions.