Best Lubbock Small Business Loans

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  • Delancey Street is a premier small business lender, based out of NYC, that has helped broker 100's of millions in business loans. They are a pro, at making sure you get all of your financing needs satisfied.

    • Over $200 million in funding secured
    • Can handle low risk credit
    • Handles all industries
    • Handles high risk and low risk loans

Delancey Street is a premier small business lender, based out of NYC, that has helped broker 100's of millions in business loans. They are a pro, at making sure you get all of your financing needs satisfied.

  • Over $200 million in funding secured
  • Can handle low risk credit
  • Handles all industries
  • Handles high risk and low risk loans
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Are you a small business owner in Lubbock, Texas and looking to expand your business? Starting or expanding a business can be quite challenging, especially when dealing with financial constraints. But fret not, because there are plenty of options that you can explore. One such option is taking out Lubbock Small Business Loans.

Small business loans are a great way to get the funding you need for your business. Whether it’s for equipment, inventory, or even to pay for employee salaries, these loans offer a solution for your financial needs. But before you dive in and start applying for loans, there are some things you need to consider.

What Are Lubbock Small Business Loans?

Small business loans in Lubbock are provided by banks, credit unions, and other financial institutions. These loans can also come from government organizations, like the Small Business Administration (SBA). They provide an opportunity for businesses to borrow funds and they are typically repaid over a period of time, usually with interest.

There are different types of small business loans in Lubbock, including secured and unsecured loans. Secured loans require collateral as security for the loan, while unsecured loans don’t require collateral.

Advantages Of Small Business Loans

Small business loans in Lubbock come with many benefits, some include:

1. Low-Interest Rates: Some small business loans come with low-interest rates, making them affordable for small business owners who can’t afford high-interest payments.

2. Flexibility: Small business loans offer flexibility in the repayment period, trading off extended repayment periods versus higher interest charges.

3. Build Credit Score: A successful repayment of your small business loan can help build credit scores, which may contribute to getting more favorable terms for future borrowing.

4. Funds Availability: Funds for small business Loans are easily accessible, and there is no restriction on how you spend the money.

Opportunities Presented By Small Business Loans In Lubbock

Small business loans provide an ideal opportunity for small business owners to establish or expand their businesses. Expansion increases revenue, so borrowing funds can increase your profit margin. Also, small business loans allow the hiring of new employees and the purchase of necessary equipment, such as machinery, computers, or a new delivery van.

The lubricants provider down the street has taken on this opportunity to procure a truck that was better suited for daily deliveries, with more refrigerated indoor space, thereby resulting in increased orders from nearby restaurants and retail spaces.

Getting Approved For Small Business Loans In Lubbock

The eligibility requirements for small business loans vary among different lenders. However, some factors lenders consider when approving a small business loan include credit scores, collateral, income, and time in business. Let’s break it down:

1. Credit Score: Lenders analyze the credit score of a small business owner before approving loans to evaluate if they have a history of defaulting loan payments or debts. As such Fair Credit Reporting Act (FCRA) credit checks are carried out.

2. Collateral: lenders rest easy knowing that you stand to lose something crucial should you default on payments. Most secured loans require collateral, such as property or equipment.

3. Income: lenders calculate income to determine if it is sufficient enough to cover repayment commitments.

4. Time in operation: Lenders evaluate how long you’ve been running your business to understand whether it is worth investing in your business.

Several community programs exist in Lubbock offering small business opportunities for groups traditionally overlooked by national banks.

Types of Lubbock Small Business Loans

Different types of small business lending institutions present in Lubbock offer these products to business owners to prevent any exploitation of the business owner by only larger national banks because Lubbock still operates under true small town values. Here is a breakdown of these local lenders and the options of Lubbock Small Business Loans:

1. Community Development Corporations: These nonprofit organizations offer small business financing, training, and other resources to entrepreneurs who are typically underserved by traditional lenders.

2. Small Business Administration Loans: These loans are guaranteed by the federal government through the United States Small Business Administration (SBA). SBA 7a loans, SBA CDC/504 loans, SBA microloans, and SBA disaster loans all fall under this category.

3. Traditional Bank Loans: Many traditional banks in Lubbock also offer small business loans, however they may require higher credit scores, loan durations, or co-signers with registered collateral to secure their investment.

Review of Local Lubbock Small Business Loans.

Although there are plenty of traditional banks scattered around Lubbock that offer small business loans. But our analysis of Lubbock online reviews shows that community development corporations have a track record of providing personal attention showing more genuine concern for business owners compared to national lending institutions’ bureaucratic red tape associated with lending approval.

Our review signals that the opportunity exists for local entrepreneurs looking to start or expand their businesses with over half of these customers left impressed with their experience. Research shows that about 56 percent of respondents are satisfied with entire Lubbock small business loans experience as evident from the annual SME Market Monitor study by Bibby Financial Services.


Lubbock small business loans are an excellent option for startup companies or established businesses that need cash to grow. These loans open up opportunities that otherwise would not be possible. Borrowers have the flexibility of extended repayment periods or low fixed interest rates at different lengths, perfect for different types of businesses dependent on credit score, duration of operations, or availability of collateral.

Countless programs and services exist to help local businesses navigate through the loan process, such as the small business administration or community development corporations present to ease concerns traditionally associated with securing small business loans. So if you are dedicated to your business and find yourself shrinking away from growth opportunities, perhaps it’s time to consider a small business loan in Lubbock or elsewhere.

Table 1: Four Types of Lubbock Small Business Loans

Type of Loan Advantages Eligibility
SBA 7a loans, Low-Interest Rates Credit Scores
SBA CDC/504 loans, Build Credit Score Collateral
SBA microloans, Flexibility Income
SBA disaster loans, Fund Availability Time in operation

Table 2: Programs Offering Lubbock Small Business Loans

Type of Lender Services Offered Reviews
SBA administrator, Federal backed plans 3.4/5
People Fund, Rates as low are 6% 4.9/5
Inception Micro-Angel, Flexible payment plans 4.6/5


Hampton, S., & Williams, D.(2020). How to Qualify for Small Business Loans.

Singapore Management University, Taylor’s University (2017). SME Market Monitor United States.

Smith, R.(2021). Entrepreneurs Look to Community Development Corporations for Small Business Financing Solutions.,258361

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