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Booming Dallas Economy: It's the Best Business Time!

Sep 3, 2014

The Texas economy has been in the forefront of the business world after the financial crisis a few years back. As a matter of fact, Texas is dominating in the business world according to Forbes.com. Dallas ranked in eighth place with its local economy surging 6.2% last year—second best in the nation—to $254 billion. 

Dallas is also home to 17 billionaires, more than any other U.S. city besides New York and San Francisco. Furthermore, the influx of investments and businesses continue to create more jobs. The job outlook in Dallas strong with 2.9% annual growth expected this year, according to Moody’s Analytics, the U.S. Census and Bert Sperling, who runs Sperling’s Best Places. It’s because of this positive position we are in now that Moody’s puts Dallas in the 13th ranking in the list of the Best Places for Business and Careers.

So if you’re planning on starting up a business, you should act now! We at City Bank are more than happy to help local businessmen and business women achieve their dreams of owning a business. With our business loans in Dallas and the surrounding area, we can set you up for success by helping you get that much-needed capital, or money to pay for overheads or inventory.

If you’re looking to expand your business, we take great pride in helping our community grow and prosper by financing local business development. We offer a choice of competitive fixed or variable rates and a repayment schedule tailored to your budget. You can also shop for other types of loans, such as a mortgage loan in Dallas, College Station, Lubbock, El Paso, and Houston. We are always ready and able to guide you through any loan process.

Through our years of experience in the business, we have found a way to streamline our application process. Loan decisions can be made locally in our Lubbock, El Paso, College Station, Houston, and Dallas Area locations. We’ll meet with you at your convenience to discuss your needs and you will have an answer within a few business days.

Just give us a call and we’ll tell you what we can do to help you build or expand your business.