Benefits
- Longest payment terms
- Reasonable interest rates
- Suitable for a wide range of business purposes
Drawbacks
- Longer approval times
- May require collateral
- More required documents
Quick facts and requirements
Maximum Loan Amount
Up to $5M
Loan Term
Up to 25 years
Interest Rate
Starting at Prime Rate +4.75%
Time to Funds
Under 30 days
Payment Frequency
Monthly
Ready to grow your business?
About Somervell County Texas
Somervell County Texas contains about 1 cities with more than 1000 people and a total population of 2,699. The median age in Somervell County is 43 and of those 50.90% are male and 49.10% are female. 58% of the population are married, 17.90% are divorced and 9.50% are widowed. Median rent is $839 and the median household income is $45,071.00, with an average family size of 3.