Research shows that Lubbock, Texas is one of the best cities in the United States to get commercial loans. According to experts, you can see evidence of a booming lending industry simply by looking at the numerous construction sites around the city. Apart from Lubbock, El Paso and San Antonio also landed on the list, which shows that Texas offers many opportunities for established and thriving businesses.     

If you own a company or want to start one, here are three reasons to consider looking for commercial loans in Lubbock:

 Thriving Business Community

Did you know that compared to other states, a big part of Texas – Lubbock, included – did not really experience a deep recession? There may have been a significant slowdown, but Texas was one of the last ones to be affected by the recession and one of the first to get out from it. While Lubbock may not be as popular as other cities for its gas and oil industries, it has a flourishing business community. With an active business sector, investors won’t have second thoughts of putting their money in different ventures. The more successful businesses are in Lubbock, the more lending power banks and financial institutions have. 

 Conservative Lending Practices

Another reason it’s great to get a business loan in Lubbock is its conservative lending practices. Financial institutions in the city aren’t likely to make deals that are commercially unreasonable. Companies offering real estate lending in Lubbock and major banks follow strict guidelines, such as comparing the value of a property to the amount of loan, and looking into the borrower’s cash flow and financial strength. 

 Supportive Banks and Lending Companies

Lenders may have stringent loan qualifications, but they know a strong borrower when they see one. It’s common to see many financial companies going after an entrepreneur or manager with a good project in hand.   

 

Give your company or project proposal a chance. City Bank is an independent community bank that offers different types of loans. We provide services across Texas, particularly in Lubbock, El Paso, Dallas, Plano, College Station, Houston, and Forney. Contact us for more information on our commercial loans.