Texas now provides SBA loans through a partnership with the U.S. Small Business Administration's 7(a), 504 and Express loan programs. These loans typically provide the business owner with financing terms not available under conventional loan guidelines. An SBA loan product can offer a lower equity injection (as low at 10%) and longer payment terms (up to 25 years – depending on the use of proceeds) than a conventional loan. These benefits allow the small business owner to retain more working capital and improve the cash flow of the business.

SBA loans can be used for the following types of projects:

• Purchase, Expansion or Construction of an owner-occupied building
• Equipment Purchases
• Business Acquisitions
• Partner Buyouts
• Small working capital lines of credit for businesses less than 2 years old
• Expansion of a successful franchise to additional locations

Allegiance Bank's SBA Lending Team has over 25 years of combined experience in SBA Lending. All loan decisions and loan closings are local, which improves the process and allows for better communication with our borrower.

For additional information, please contact Gary Henderson at 281-894-3224 or Laurie Jorgenson at 281-894-3236 or you can email us at SBA@allegiancebktx.com.