Business Loans in Texas
Explore alternative financing solutions for your small business in Texas. Get loans quickly and easily through our dedicated online platform, designed to support high-risk businesses.
Securing approval for business loans in Texas can be challenging for first-time entrepreneurs and small business owners. Traditional banks and commercial lenders often prioritize large, well-established clients, making it difficult for newly launched or early-stage SMEs to access funding.
However, a lack of cash shouldn’t hold back your business growth and expansion. Alternative financing offers a practical solution to help you achieve your goals. Let’s explore how it works.
How Do You Finance a Small Business in Texas?
With 3.1 million SMEs making up 99.8% of all businesses, Texas is a hub for small business owners. However, this thriving environment also creates a highly competitive landscape.
If you want to get a loan, you must demonstrate that your business meets stringent eligibility requirements. Commercial loans often involve complex underwriting processes, and meeting these terms can be especially challenging for SMEs.
You can’t instantly lengthen your time in business or produce collateral to secure traditional financing.
Choosing an alternative financing provider is often the most feasible and accessible solution. Specializing in fast, hassle-free loans for small businesses, we provide the funding you need — even when you’re just starting out.
Loan Services for Business Funding in Texas
Each business is unique and so are its needs. That’s why Greenbox Capital offers different types of loans to meet the various requirements of SMEs:
Small Business Loans
Small business loans are fixed-term loans designed to support a wide range of business needs, from hiring employees to purchasing equipment that optimizes everyday operations. Texas small business loans provide flexibility, allowing you to choose loan amounts and durations that suit your specific requirements. Additionally, they offer the benefit of fixed interest rates, which are often more affordable than traditional bank loans.
One common type of small business loan is an equipment loan, which is particularly useful for acquiring tangible assets that deliver a strong return on investment (ROI).
Merchant Cash Advances
A Merchant Cash Advance in Texas provides a lump sum loan to sustain cash flow during slow sales periods. Repayments are made as a fixed percentage of your future sales, meaning you pay more during months with higher sales and less during slower periods.
MCAs are ideal for businesses that experience seasonal sales fluctuations and process a high volume of credit card transactions.
Business Line of Credit
A Business Line of Credit in Texas offers a flexible credit limit, allowing you to borrow as much or as little as needed. Interest is charged only on the amount borrowed, and you can withdraw funds as long as you stay within your credit limit. This option is ideal for managing seasonal sales demands.
Bad Credit Business Loans
Texas business loans are also available to SMEs with low credit scores through bad credit business financing options. One example is invoice factoring, a financing solution where your invoices are paid upfront by a lender to maintain cash flow. This ensures you can continue operating even if customers delay or fail to make payments.
These loans typically feature shorter repayment periods and higher interest rates, so careful planning is essential.
Collateral Loans
Collateral loans can be secured using commercial real estate that you own. These secured loans allow you to borrow larger amounts at competitive interest rates, provided you have suitable collateral.
Collateral loans are ideal for scaling operations and achieving long-term growth.
Industries Eligible for Small Business Loans in Texas
The following industries can secure small business loans in Dallas, Houston, Austin, Harlingen and other cities:
- Accounting Firms
- Attorneys
- Auto Dealers
- Auto Repair Shops
- Beauty Salons
- Cleaning Businesses
- Construction Companies
- Convenience Stores
- Daycares
- Dental Practices
- Dry Cleaners
- Gas Stations
- Home Healthcare Agencies
- Manufacturers
- Medical Practitioners
- Pharmacies
- Pool Construction
- Restaurants
- Retail Stores
- Security Services
- Traffic Services
- Veterinarians
If your business or startup falls under any of these categories, you can explore small business loans in Dallas and all Texas locations.
Types of Small Businesses Eligible for Alternative Financing
We are dedicated to helping the following types of SMEs get business funding in Houston and across Texas:
- Women-owned: Business loans for women in Texas are accessible and straightforward. Any business where one or more women own at least 51% of the total share can qualify for equipment financing, business credit line, collateral loans, invoice factoring, or merchant cash advances. Processing is designed to be fast and hassle-free.
- Minority-owned: Businesses where one or more members of a legally-recognized minority group own at least 51% of the total stake are eligible for minority business loans. These loans can be approved within 24 hours of application. City, state, or federal agency certifications can also help you qualify for additional benefits.
- Veteran-owned: Veteran-owned businesses can qualify for loan amounts ranging from $3,000 to $500,000 with minimal paperwork and quick processing times. Unlike traditional banks, our small business loans for veterans are designed to be hassle-free and efficient.
- Brokers: Independent brokers, brokerage firms, and employed brokers can partner with us to access discounted loans for their business. Additionally, brokers can earn commissions by referring clients to our services.
- Low Credit: Businesses with poor credit scores can leverage invoice factoring loans to maintain steady cash flow.
Minimum Requirements for Business Funding in Texas
| Minimum Revenue | $10,000 / month |
| Length in Business | 5 months or more |
| Ownership % | Minimum of 51% Ownership |
| Personal Credit | US FICO 500+ |
How to Get a Business Loan in Texas
You can apply for a business loan in three easy steps:
- 1
Submit an Application
Fill out the application form and attach three months' worth of bank statements to apply for a loan. Our Funding Advisor will reach out to you within an hour to complete the process and recommend a loan type.
- 2
Get Approval
Once the underwriting has been finalized, you will get an email confirmation of your loan. The capital will be credited to your bank account within 24 hours.
- 3
Set Up Your Repayment
Link your chosen repayment method to your bank account for timely repayment of your debt.
Your dedicated Funding Advisor and underwriter will guide you through the process and help you decide the loan terms beneficial to your business.
Benefits of Business Funding with Greenbox Capital in Texas
You should choose us as your alternative lender because:
- Loan approvals are based on revenue, cash flow, vendor payment history, years in business, and public records. Even if you don’t have a credit score, you can still qualify for funding.
- Loans are processed within 24 hours. Skip the lengthy paperwork and extended wait times — simply submit your application, and the funds will be deposited into your account.
- Choose from a wide range of loan options and find the solution that aligns with your business needs and budget.
- Interest is calculated using factor rates. A strong financial track record means lower costs, and additional discounts are available for early payoffs.
Case Studies of Business Funding across Texas
| Company Type | Loan Type | Funded | Loan Term | Loan Benefits |
|---|---|---|---|---|
| Restaurant Business, Houston | Merchant Cash Advance | $56,000 | 12 months | The restaurant used the loan amount to cover its operational costs and maintain cash flow during slow business months. |
| Beauty Salon, San Antonio | Business Line of Credit | $35,000 | 18 months | The beauty salon used the loan amount to upgrade its hairstyling toolkits to enhance its customer service. |
| Law Firm, Dallas | Small Business Loan | $90,000 | 36 months | The law firm used the loan amount to rent a property to use an office space. |
| Medical Clinic, Austin | Collateral | $150,000 | 5 years | The medical clinic used the loan amount to renovate its facility and purchase new equipment. |
FAQs about Texas Small Business Loans
What are the criteria for getting a small business loan in Texas?
We prioritize factors such as years in business, cash flow, vendor payment history, and financial records over your credit score when approving loans.
How to get business funding in Houston, TX?
You can explore several funding options in Houston, TX, including online loans, peer-to-peer (P2P) lending, government-backed programs, or traditional bank loans. However, alternative lenders often provide the fastest and most accessible solutions.
Can I get a loan for my small business in San Antonio, TX?
Yes, you can. As long as you meet the eligibility criteria and operate within an industry we service, you could receive your loan in as little as 24 hours.
Can I get a bad credit business loan in Dallas, TX?
You may qualify for a bad credit business loan in Dallas, TX, if your business demonstrates strong cash flow, positive vendor payment history, and growth potential.
How fast can I get a business loan in Texas?
With Greenbox Capital, your loan amount can be deposited into your account within 24 hours of approval.
Where to Get Business Funding in Texas
- Houston
- San Antonio
- Dallas
- Austin
- Fort Worth
- El Paso
- Arlington
- Corpus Christi
- Plano
- Lubbock
- Laredo
- Irving
- Garland
- Frisco
- McKinney
- Amarillo
- Grand Prairie
- Brownsville
- Killeen
- Denton
- Mesquite city
- Pasadena
- McAllen
- Waco
- Midland
- Lewisville
- Carrollton
- Round Rock
- Abilene
- Pearland
- College Station
- The Woodlands
- Richardson
- League City
- Odessa
- Beaumont
- Allen
- New Braunfels
- Tyler
- Sugar Land
- Conroe
- Edinburg
- Wichita Falls
- San Angelo
- Georgetown
- Temple
- Bryan
- Atascocita
- Mission
- Baytown
- Longview
- Pharr
- Leander
- Flower Mound
- Mansfield
- Cedar Park
- Missouri City
- San Marcos
- Harlingen
- North Richland Hills
- Rowlett
- Victoria
- Pflugerville
- Spring
- Kyle
- Wylie
- Euless
- Little Elm
- Texas City
- DeSoto
- Port Arthur
- Burleson
- Galveston
- Rockwall
- Grapevine
- Huntsville
- Cedar Hill
- Bedford
- Sherman
- Waxahachie
