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Fueling Katy's Small Business Legacy with SBA Loan Guarantees

At the Katy Area Chamber of Commerce, we're passionate about advancing the legacy of businesses in our community. A key part of that mission is helping businesses Grow. That's why we want you to know about a powerful tool for accessing capital: SBA loan guarantees.

What are SBA Loans?

Think of them as a helping hand from the U.S. Small Business Administration. These loans are offered by local lenders but backed by the SBA, making them easier to qualify for. This means lower down payments, better interest rates, and longer repayment terms – exactly what your business needs to thrive!

Types of SBA Loans

  • SBA 7(a) Loan Program: The most popular choice, perfect for working capital, equipment purchases, refinancing, and expansion.
  • SBA 504 Loan Program: Ideal for buying land, buildings, or machinery.
  • SBA Microloans: Smaller loans up to $50,000 designed for startups and those who need a little extra support.

Katy Area Chamber Members Offering SBA Loans

We're proud to have so many SBA lenders within our membership. These institutions are dedicated to helping Katy businesses succeed:

  • Chase Business Banking
  • Frost Bank
  • Guaranty Bank & Trust
  • Independent Financial Bank
  • Members Choice Credit Union
  • Prosperity Bank Cinco Ranch
  • Regions Bank at Westheimer
  • The MINT National Bank
  • Trustmark National Bank

And Many More!

Many other local banks and credit unions also offer SBA loans. Reach out to your preferred financial institution to learn about their specific programs.

Why SBA Loans Matter for Katy

Katy's small business community is the heart of our economy. SBA loans help:

  • Reduce financial barriers: Lower down payments and easier qualification make entrepreneurship accessible to everyone.
  • Encourage expansion: Invest in new equipment, hire more employees, and take your business to the next level.
  • Create jobs: Growing businesses means a stronger local economy and more opportunities for our residents.

Ready to Explore Your Options?

Visit the SBA website or contact one of our member lenders to find the perfect loan for your business. The Katy Area Chamber of Commerce is here to support you every step of the way!

Remember, at the Katy Area Chamber, we're committed to:

  • Leadership: Cultivating business leaders through programs like Leadership Katy.
  • Educate: Providing valuable seminars and resources.
  • Grow: Connecting you with opportunities to expand your business.
  • Advocate: Championing your interests at the local and national level.
  • Community: Building a better Katy for everyone.
  • YOU: Encouraging collaboration and support within our membership.
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