SBA 7(a) Loans in Arlington: Rates, Requirements
Arlington is a city located in the U.S. state of Texas, within the Dallas–Fort Worth–Arlington metropolitan area. The city is home to the University of Texas at Arlington, a major research university, as well as the Arlington Assembly plant, which is one of the largest General Motors manufacturing facilities in the United States.
As of 2019, the estimated population of Arlington was 395,229. The city is home to a number of large businesses and corporations, including American Airlines, AT&T, General Motors, and the Texas Rangers baseball team. Arlington's economy is also supported by a number of small businesses and entrepreneurs.
Small businesses are a vital part of Arlington's economy, accounting for a significant number of jobs in the city. In 2019, there were an estimated 27,935 small businesses in Arlington, employing a total of 109,085 people.
The most popular sectors for small businesses in Arlington include professional, scientific, and technical services; retail trade; and health care and social assistance. Other popular sectors include manufacturing; construction; and accommodation and food services.
Arlington is a great place to start and grow a small business. The city's diverse economy and strong business community provide a solid foundation for success. And with a population of nearly 400,000, there is a large potential customer base for businesses of all types.
When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.
SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.
Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge, in Florida.
Looking for more information about Arlington? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.
SBA Loans Comparison Table
Small Business Loans Available in Arlington
There are several options for small business loans in Arlington. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.
1. SBA 7(a) Loans
The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.
2. SBA 504 Loan
The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.
3. SBA Express Loans
SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.
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