1,151 visitors found a checking account through Finder this week.
“https://www.finder.com/redirect/us/business-loans/fundera-business-loans-us-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%227218cbe1-2544-4303-bd64-b5637b0537a5%22%2C%22product_name%22%3A%22Fundera%2Bbusiness%2Bloans%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
Fundera business loans
- No hard credit check to use
- Funding Advisor provides products tailored to your business
- Funding as fast as 1 business day
- Required time in business: 6+ months
- Required annual revenue: $60,000+
- Min credit score: 550+
“https://www.finder.com/redirect/us/business-loans/fundera-business-loans-us-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%227218cbe1-2544-4303-bd64-b5637b0537a5%22%2C%22product_name%22%3A%22Fundera%2Bbusiness%2Bloans%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
Up to $5 million
As fast as 1 business day
“https://www.finder.com/redirect/us/business-loans/lendio-business-loan-marketplace-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22fa2a41d4-36cb-4982-af13-135061986cbc%22%2C%22product_name%22%3A%22Lendio%2Bbusiness%2Bloans%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
Lendio business loans
- Large network of 75+ lenders
- Quick online application
- Funding as quick as 24 hours
- Required time in business: 6+ months
- Required monthly revenue: $8k+
- Min credit score: 520+
“https://www.finder.com/redirect/us/business-loans/lendio-business-loan-marketplace-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22fa2a41d4-36cb-4982-af13-135061986cbc%22%2C%22product_name%22%3A%22Lendio%2Bbusiness%2Bloans%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
$1,000 to $5,000,000
“https://www.finder.com/redirect/us/business-loans/lendzi-business-us-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%2290e22201-e1b2-4cf7-9e42-10004db96338%22%2C%22product_name%22%3A%22Lendzi%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
Lendzi
- No hard credit checks
- Highly rated by past customers on Trustpilot
- Funds available in as soon as 24 hours
- Required time in business: 1+ years
- Required annual revenue: $120k+
- Min credit score: 525+
“https://www.finder.com/redirect/us/business-loans/lendzi-business-us-secure.html?nb=1&src_country=us&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%2290e22201-e1b2-4cf7-9e42-10004db96338%22%2C%22product_name%22%3A%22Lendzi%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.URL_GRABBER%22%2C%22niche_code%22%3A%22USFBL%22%2C%22post_id%22%3A%221857656%22%2C%22post_path%22%3A%22compare-business-loans-dallas-texas%22%2C%22post_country%22%3A%22us%22%2C%22partial%22%3A%7B%22id%22%3A1796786%2C%22name%22%3A%22usfin-product-selection-dropdown-menu-multi-param%22%2C%22country%22%3A%22us%22%7D%7D”
Depends on revenue
As soon as 24 hours
Last year, the Dallas–Fort Worth–Arlington metro added 64,500 nonfarm jobs, growing 1.5% and outpacing the national average. With over 70,000 employer establishments, small businesses help make Dallas, Texas the top U.S. metro for small business employment growth. All that to say, starting or growing your business in this city may be more accessible than you think.
Small business loans offer a way to support your business’s growth and stability. Here’s a closer look at where you can find the most popular types of business loans in Dallas, Texas, including SBA (7a) and 504 loans, term loans, lines of credit, equipment financing as well as special programs for entrepreneurs, women and minorities.
Select Compare on up to four products to see rates, credit score requirements and loan amounts side by side.
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you’re comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Read the full Finder Score breakdown
Business loan eligibility requirements in Dallas
While every lender is different, the eligibility requirements for getting a business loan in Dallas generally include:
- US resident
- 18 years of age
- Minimum 2 years in business
- Minimum credit score of 640
- Specific revenue requirements
However, business loans come in many types, so these requirements do not apply to all loans. For example, online lenders may accept scores as low as 560 and less than one year in business for certain types of business loans.
Business loan rates and fees in Dallas
APRs for business loans in Dallas vary depending on the loan type and your creditworthiness. Here are some typical APRs by loan type.
| Term loans | 6.00% to 45.00% |
| Lines of credit | 8.00% to 60.00% |
| SBA loans | 10.50% to 16.25% |
| Merchant cash advances | 1.09 to 1.50 factor rate |
| Bad credit business loans | 25.00% to 75.00%+ |
How to get a business loan in Dallas
Here are the steps to get a business loan in Dallas.
1. Determine the type of loan or financing you need
Business loans come in many types. Choosing the right loan can help you get the lowest rates while maximizing your funds.
- Business term loan. Business term loans are longer-term loans — usually from four to 25 years — making them ideal for large one-time purchase or debt refinancing.
- Business line of credit. If you need a source of ongoing working capital that you can pay off as you go, consider a business line of credit.
- SBA loans. Small Business Administration (SBA) loans offer government-backed financing at competitive rates, but they’re best for established businesses.
- Equipment loan. If you just need to pay for equipment, an equipment loan could get you a better rate and keep your existing credit lines and loans available for other uses.
- Microloan. For startups and poor credit borrowers who need less than $50,000, a microloan or a personal loan from an online lender could be your best bet.
- Merchant cash advances. If you have bad credit or are new in business, merchant cash advances offer an advance on future sales — but fees can run high.
- Invoice factoring and financing. If you run a B2B business, invoice financing and factoring offer an advance on your unpaid invoices to help cover cash flow gaps.
2. Check your eligibility
Not every business owner qualifies for the same types of business loans, but knowing your eligibility beforehand can help improve your chances of approval.
Here’s what lenders typically look for:
- Credit score. Banks may require a personal credit score of 700, while online lenders may accept as low as 560 or lower on certain types of loans.
- Annual revenue. Banks may require you to have at least $100,000 in annual sales, but credit unions and online lenders may be more lenient.
- Time in business. Banks and credit unions want to see at least two years in business, but online lenders may consider less than one year.
3. Find the right lender
Once you know the type of business loan you need, review banks, credit unions, online lenders and other community programs to compare your options. If you’re still unsure where to start, you also can use a connection service like Lendio to help you find the right provider in Dallas.
Texas business loan laws and regulations
According to FindLaw, interest rates in Texas are limited to 6% or 18% for interest rates on judgments. But in case you’re wondering why rates on credit cards, personal loans and commercial loans far exceed these limits, it’s because Texas interest rate laws provide an exception to these limits on business and commercial loans.
As always, carefully read your loan agreement to make sure you understand the rates, fees and penalties you could be on the hook for.
