Dallas-Ft. Worth area is one of The Lone Star State’s largest populations, with over 1.3 million people, making it the 9th most populous city in the United States. Located in North Texas, Dallas’s city is the center of the southern United States’ biggest metropolitan area. There are over 7.5 million people, making it the fourth-largest metro area in the entire country.
The Dallas-Fort Worth metropolitan area is the third most popular business travel destination in the country. It’s no surprise that the city has such a diverse economy, including industries such as defense, financial services, information technology (IT) technical assistance, telecommunications, education, energy, and transportation. Dallas-Fort Worth and San Antonio are known for its friendliness to entrepreneurs and small businesses both from a local and state-wide government perspective.
With all that Dallas-Fort Worth and San Antonio have going on from an economic perspective, and the growth the whole region is seeing, small businesses still face many challenges getting small business loans a from small business lending institutions like a bank or credit union willing to lend. Traditional bank options offered by banks or credit unions have stringent guidelines, requirements, mountains of paperwork, and banks have limited business loans to offer small businesses. That’s where Advancepoint can come in to help your Dallas, Tx-based small business acquire a business loan from our lender network.
How Do I Get A
Small Business Loan in Dallas?
Securing a small business loan in Dallas-Fort Worth, TX can be a challenge for many reasons. Primarily, the paperwork and documentation that banks require can be daunting. A bank tends to have more stringent requirements for things like credit and time in business. Even if you do qualify for a bank loan, the amount the bank is willing to lend may not be enough to cover your needs.
Advancepoint Capital offers a complete suite of business loans tp entrepreneurs that banks cannot offer with flexible repayment options and low interest rates. We are able to work with a wide range of credit scores and business types. Whether your company has bad credit or no credit at all, we may be able to help your company find the funding you need for your small business in Dallas, Tx. See the Advancepoint advantage!
The 9 Best
Financing Options and Resources for
Dallas Small Businesses
Small Business Loans for Dallas, Texas
Small business loans are the most popular solution for business owners. The benefits are affordable rates and terms and a great source for working capital and special project needs.
SBA Loans in Dallas, Texas
The Small Business Administration offers SBA loans at affordable rates and terms that are highly sought by small businesses.
Merchant Cash Advance in Dallas, Texas
A merchant cash advance is not a loan, but an advance of future sales of a business. Repayment is the funder taking a set percentage of future credit card sales. Great option for entrepreneurs who can't get traditional financing.
Business Cash Advance in Dallas, Texas
A business cash advance is an advance of future sales of the business. Repayment is made by the funder taking a set percentage of all future sales deposits until paid back in full. A popular alternative, when traditional financing is not available.
Business Line of Credit in Dallas, Texas
A business line of credit is a flexible option for business owners he need to draw money on demand when needed for operational needs. A credit line is revolving, so you only have to pay interest on the outstanding balance. A business line does have a credit limit that cannot be increased without lenders approval.
Equipment Financing for Dallas, Texas
Equipment loans and equipment leasing are a great option when purchasing new but expensive equipment for the business.
Invoice Financing in Dallas, Texas
Invoice financing, also known as invoice factoring, is great for businesses who regularly invoice there clients and would like to accelerate the receipt of cash flow. With invoice factoring you can receive an advance of the face value of the unpaid invoice without waiting for the terms whether it be 15, 30, 45 or 60 days.
Short Term Small Business Loans in
Dallas, Texas
Shorter term business loans are for businesses that cannot get approved for traditional loans. This type of loan offers lower credit requirements and less documentation. A great alternative to more difficult loans to get approved for.
Long Term Business Loans for
Dallas, Texas
Long term loans are for successful, larger companies who have a significant expansion need and need to spread the cost over years at affordable payments. Long term lenders have high credit standards and documentation requirements.
U.S. Small Business Administration
Small Business Resources Guide Dallas/Fort Worth Area Edition
View the Dallas/Ft. Worth SBA Small Business Resource Guide for information and assistance in growing your local business, exploring funding options from approved lenders, and contracting. SBA offices located in Dallas, TX and an office in the city of San Antonio.
U.S. (SBA) U.S. Small Business Administration
Dallas/Ft. Worth District Office
Find local assistance
Why Do Dallas Small Business Owners Need Financing?
The list of the most common reasons Dallas small business owners use small business funding:
- Access to Working Capital
- Inventory
- Business Plan Expansion (capital for growth)
- Help for Cash Flow shortages
- Website Development / Maintenance
- Provide Emergency Financial Resources
- Office Renovation
- Office Furniture
- Advertising / Marketing needs to acquire customers
- Recruitment of Employees and Training Resources
Initiatives, Programs, and Small Business Grants in Dallas, Texas for Small Businesses. Additional Resources, Tools, Support, Help, and Information To Learn More About Small Business Loans
LiftFund for Dallas, Texas – Special public and private partnerships to support small businesses across San Antonio and Dallas, Tx. Please note that there is limited funding for the special programs.
PeopleFund – Provides small business loans, business assistance, and education to people with otherwise limited access to such resources. PeopleFund is a Community Development Financial Institution (CDFI) and operates as a nonprofit 501(c)(3) serving all of Texas. This organization also has assistance for women owned businesses as well.
Dallas Economic Development & Business Community Services
City of Dallas Small Business Continuity Fund (SBCF) Grant and Loan programs – Applications and Awards Summary
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