Small business loans in Dallas Texas are available in a number of different structures. The good news is that the federal government has several small business loan programs, there are products for just about every situation. And, since the government doesn’t actually approve or disperse loans (it only sets the guidelines), there are specialty lenders who can work with borrowers in a one on one manner. Read on to learn more about small business loans in Dallas Texas and what you need to know.
Small business loans in Dallas come in numerous forms. They also range widely in amount, term length, and more elements. For instance, some are for niche businesses, while others are for much larger organizations. So, let’s take a look at the most common types of small business loans and those available right here in Dallas Texas:
- SBA 7(a) loans. This loan program is designed to fund the purchase of things like commercial real estate, commercial-grade equipment, along with providing organizations with working capital.
- SBA 504 loans. Similar to the 7(a) loan program, the SBA 504 loan program likewise provides financing for the acquisition of commercial real estate and business equipment, too.
- SBA microloans. These are for home-based businesses, as well as nonprofits.
For the latest rates and to find custom solutions for commercial funding, just visit Proactivelendinggroup.com or give their professionals a call today. We have small business loans ranging from $50,000 up to $5 million, for organizations with 500 or fewer employees.