Small Business Administration (SBA) Loan Programs are administered by local SBA offices in Texas, providing financial aid to small businesses, through multiple district offices in the following locations/cities.
Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits which face barriers to accessing capital or fall outside of guidelines of conventional lending. The program facilitates loans which are underwritten by the participating non-profit lenders and supported by the state contributions to a loan loss reserve fund.
Texas Enterprise Fund (TEF)awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
Please Note: If you are business based in Texas state and you need finance for business growth, or equipment leasing, or any other business purpose, please contact us with your requirement, and we will connect you with suitable lenders for your requirements. We have multiple business funding options in Texas, and one of them maybe be suitable for your case. Please contact us. Thanks!
Higher credit score means lower cost of capital (lower interest) on any finance you take from banks or other lenders. Therefore, it is a very material number. Having a high credit score can mean the difference of thousands of dollars of saved interest expense compared to others with a lower score. For example, if you improve credit score results from the credit bureaus, just a few points that increase your credit score can make huge difference in the interest rate you will pay for a home purchase. So it literally pays to increase your credit score.
The most commonly used credit scores available to lenders are FICO scores, which is a scoring method created by Fair, Isaac & Co, or FICO in short! These scores are provided to lenders by the three major credit bureaus: Equifax, Experian and TransUnion. Before we get into some tips how to improve credit scores, it pays to review the major areas that determine your FICO score.
1. Payment history on credit and retail store cards, loans and mortgages.
2. Amount that you owe. Credit agencies look at how many accounts have balances and the proportion of that balance to the credit line.
3. How long is your credit history? The longer the better.
4. New credit accounts. Applying for a bunch of credit cards all at once can hurt your score.
5. Different credit types, such as mortgages, retail loans, credit cards and installment loans.
6. How many late payments do you have?
Now, with the playing field laid out, let’s work to boost your credit score! Some methods that boost your credit score take time, months or years, and others areas to improve credit score can be made with a phone call right now! That said, here are the 7 tips to raise your credit score. Continue reading →