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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
Houston, Texas is known for its lively culture, love of sports, and delicious barbeque. But many entrepreneurs flock to Houston for another reason: its commitment to helping small businesses succeed. In a city where small businesses make up more than 95% of all companies, it’s clear that Houston cares about supporting local growth. One way they do this is through their small business loan program, which offers loans ranging from $5,000 to $250,000 with competitive interest rates and flexible repayment terms.
The Importance of Small Business Growth
There’s no denying the importance of small businesses in our economy. They create jobs, contribute to local economic development, and add diversity to our communities. Yet many small business owners struggle to get access to the capital they need to start, sustain, or grow their businesses. This is where Houston’s small business loan program comes in.
What are Houston’s Small Business Loans?
Houston’s small business loan program is designed to help small business owners get the financing they need to start or expand their businesses. Loans can range from $5,000 to $250,000 and are available to businesses that have been operating for at least two years. Interest rates are low and repayment terms are flexible, making it easier for businesses to manage their finances and stay on track.
The Benefits of Houston’s Small Business Loans
Small business loans from Houston offer several benefits for entrepreneurs:
Low-Interest Rates: Houston’s small business loans have competitive interest rates, making them more affordable than loans from other sources.
No Prepayment Penalties: Business owners who want to pay off their loans early won’t face any prepayment penalties, giving them more flexibility in managing their finances.
Flexible Repayment Terms: Repayment terms are tailored to each borrower’s needs, allowing them to manage their cash flow and avoid defaulting on their loans.
Support Local Business: By offering loans to local businesses, Houston encourages economic growth in the community, creating jobs and stimulating development.
Moreover, these loans require collateral, which can come in many forms, like account receivables, equipment or even future income for a business owner.
Testimonials from Small Business Owners
Don’t just take our word for it. Here are a few testimonials from small business owners who have benefited from Houston’s small business loan program:
“I never thought I’d be able to afford to expand my business, but Houston’s small business loan program made it possible. With their low-interest rates and flexible repayment terms, I was able to get the financing I needed to grow my business.”
“Getting a loan from a big bank can be difficult as a small business owner, but Houston’s small business loan program made the process much easier. The staff was friendly and helpful, and they worked with me to find a loan that fit my needs.”
“The Houston small business loan helped us buy new equipment, hire more staff and open up a second location! Thanks to this amazing program, we were able to fulfill our business dreams.”
Counterarguments Against Small Business Loans in Houston
Of course, not everyone is a fan of Houston’s small business loan program. Some argue that the city shouldn’t be using taxpayer money to support businesses that may not succeed. Others worry that low-interest rates and flexible repayment terms could lead to defaults and financial problems down the road.
However, supporters of the program argue that the benefits of supporting small businesses outweigh the risks. By providing capital to entrepreneurs who may not be able to get it elsewhere, Houston is encouraging innovation, job creation, and economic growth in the local community. Many also believe that the interest rates and repayment terms offered by Houston’s program are fair and responsible, and that the risk of default is relatively low.
Statistics on Small Business Loans in Houston
The numbers speak for themselves when it comes to the success of Houston’s small business loan program:
Since its inception, the program has provided over $15 million in loans to more than 250 local businesses.
The average loan size is around $60,000.
The majority of businesses receiving loans from Houston have been operating for at least two years and have positive cash flow.
Conclusion
In conclusion, Houston’s commitment to supporting local growth through its small business loan program is admirable. By providing low-interest rates and flexible repayment terms to small businesses that may not be able to get financing elsewhere, Houston is helping entrepreneurs achieve their dreams and contribute to economic growth in the community. For those who believe in the importance of small business growth, Houston’s small business loan program offers a valuable opportunity to make a difference in your community.
References:
– Houston Small Business Administration https://www.houstontx.gov/ecodev/small-business/
– Benefits of Small Business Loans https://www.fundera.com/blog/the-benefits-of-small-business-loans
– The Importance of Small Businesses in America https://smallbusiness.chron.com/importance-small-businesses-america-3110.html
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