Amarillo is the 14th-most populous city in the state of Texas, United States. It is also the largest city in the Texas Panhandle, and the seat of Potter County. A portion of the city extends into Randall County. The estimated population was 199,826 as of 2019. The Amarillo metropolitan area has an estimated population of 276,020 in four counties as of 2017. The metro population is projected to surpass 310,000 in 2020. Amarillo is the regional economic center of the Texas Panhandle, and is economically important to Eastern New Mexico and the Oklahoma Panhandle. Amarillo serves as the headquarters for many state and federal agencies, including the Texas Cattle Feeders Association, the Texas Panhandle Groundwater Conservation District, the High Plains Underground Water Conservation District No. 1, the Amarillo VA Health Care System, the Northwest Texas Healthcare System, and the Pantex Plant. Amarillo is home to the headquarters of the American Quarter Horse Association. Amarillo is the site of the United States Department of Energy's Pantex Plant, where the nation's nuclear weapons are assembled and disassembled.

The city is also home to the headquarters of the American Quarter Horse Association. The city is the site of the United States Department of Energy's Pantex Plant, where the nation's nuclear weapons are assembled and disassembled. Amarillo has a diverse economy with a gross metropolitan product of $26.8 billion in 2010. The city's largest employers include the Pantex Plant, Amarillo College, Bell Helicopter Textron, Northwest Texas Healthcare System, and the Amarillo Independent School District. The city is also home to the Port of Amarillo, the fourth-largest inland port in the United States. Amarillo is served by Rick Husband Amarillo International Airport, the 10th busiest airport in Texas.

Comparing SBA Loan Types in Amarillo

Our Experts

When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Amarillo? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Amarillo

There are several options for small business loans in Amarillo. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Amarillo, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.