Starting a new business can be an incredibly exciting opportunity. It’s a chance to put your innovative ideas to work, solve complex challenges in your community, and potentially build wealth for your family.
A program for women by women
Here in West Texas, the area around Lubbock and the surrounding communities may seem expansive and widespread. And it is, geographically speaking. If you look closer, the business network out here is actually close knit. To be a successful business owner, you must tap into the network and work together as a community.
A supportive and reliable bank will provide the essential features your business needs to get up and running, like a checking account that meets your needs. Peoples Bank offers multiple options for business checking, plus we make it easy to transition your account type as your business grows and your needs evolve.
Whether you are launching a new business or looking to improve your current operations, the quest to secure funding can be daunting.
There are many other funding options on the market, but the most popular is a loan backed by the Small Business Administration, also known as an SBA loan. These loans are a great option for business financing because their rates and terms tend to be more reasonable for borrowers.
When it comes to turning your business plan into a reality, you have many financing options. A commercial construction loan can help you fund an initial build out for your business, add on space for expansion, or even an additional location.