Business Loans in Texas

Texas has the second-largest economy in the United States and would rank as the eighth-largest economy in the world if it were an independent country. The state's economic diversity is staggering: Houston is the energy capital of the world and a growing medical research hub (Texas Medical Center is the world's largest); Dallas-Fort Worth is a corporate headquarters magnet with major financial services, telecommunications, and defense firms; Austin has become one of America's premier tech cities, attracting Tesla, Oracle, Samsung, and thousands of startups; and San Antonio anchors a military, healthcare, and cybersecurity economy. Texas has no state income tax, a pro-business regulatory environment, and abundant affordable land, driving massive business and population migration. The state is home to over 3.1 million small businesses — second only to California — employing more than 4.9 million workers. Texas leads the nation in energy production (oil, natural gas, and wind), cattle ranching, cotton production, and exports. The Texas Economic Development Corporation offers the Texas Enterprise Fund, Skills Development Fund for workforce training, and the Product Development and Small Business Incubator Fund. The state's vast geographic diversity means business conditions vary significantly across regions, from Houston's international trade to the Permian Basin's oil fields to the Rio Grande Valley's cross-border commerce.