A business loan broker in Wichita Falls connects your company to multiple lenders, packages your application with the documentation underwriters need, and negotiates terms on your behalf, without lending its own capital. Heronbrook Financial serves Wichita Falls, Sheppard AFB, Pleasant Valley, Lakeside City, Dean, Iowa Park, and Cashion Community from 4102 Old Jacksboro Hwy, Wichita Falls, TX 76302.
A small business loan broker acts as your advocate in the lending marketplace. We review your financials, identify which programs fit your cash-flow pattern and collateral, then submit your file to banks, credit unions, or alternative lenders who specialize in that product. Because we work with multiple funding sources instead of one in-house portfolio, you see a wider range of structures and pricing. Our job is documentation: tax returns organized by year, interim profit-and-loss statements reconciled to bank deposits, personal financial statements that tie to supporting account screenshots, and a narrative that explains seasonal dips or one-time expenses. Underwriters approve files they can defend to their credit committee, and clean documentation makes that defense straightforward.
Loan programs
SBA 7(a) loans offer up to 25-year amortizations for working capital and real estate, backed by a federal guaranty that lets banks lend to newer or asset-light businesses. We broker SBA 7(a) loans for Wichita Falls manufacturers near the Burkburnett industrial corridor and service companies around Midwestern State University. The guaranty covers a portion of the lender's risk, which often means lower down-payments than conventional commercial mortgages. Approval hinges on two years of tax returns showing positive retained earnings, a credit score above 680 for each owner holding 20 percent or more, and a business plan that proves market demand.
Working capital loans fund payroll, inventory, and receivables gaps, while equipment financing spreads the cost of machinery or vehicles across the asset's useful life. A Wichita Falls HVAC contractor replacing service trucks will submit the vendor invoice and proof of insurance; the lender advances funds directly to the dealer and takes a UCC-1 lien on the vehicles. Working capital files require three months of business bank statements showing average daily balances, accounts-receivable aging if you invoice customers, and a reconciliation of any outstanding liens. Equipment financing underwriters want the serial number, model year, and a third-party appraisal if the unit is used.
Commercial real estate loans finance the purchase or refinance of owner-occupied buildings, while business lines of credit provide revolving access to capital for short-term needs. A Wichita Falls machine shop buying its warehouse on Old Iowa Park Road will need an appraisal ordered through the broker, a Phase I environmental report, and a lease-versus-own analysis. Commercial real estate underwriters calculate debt-service coverage by dividing trailing twelve-month net operating income by the proposed annual mortgage payment; most want that ratio above 1.25. Lines of credit require monthly financial statements and may include a borrowing-base certificate that lists eligible receivables and inventory.
Invoice factoring advances cash against outstanding B2B or government invoices, with the factoring company collecting payment directly from your customer. Freight brokers serving Sheppard AFB logistics contracts and oilfield-service companies in Dean often use factoring to smooth 60-day payment cycles. Broker factoring companies verify each invoice, check the debtor's creditworthiness, and fund 70 to 90 percent upfront. We also broker merchant cash advances and revenue-based financing for restaurants along Kell Boulevard and retail shops in Pleasant Valley, though those products carry higher costs and should be reserved for short-term, high-margin needs.
How it works
Visit us at 4102 Old Jacksboro Hwy, Wichita Falls, TX 76302 or call (940) 292-3616. Bring two years of business tax returns (1120, 1120-S, or 1065 with K-1s), year-to-date profit-and-loss and balance-sheet statements, three months of business bank statements, a current personal financial statement for each principal, and a list of existing debts with account numbers and balances. If you're purchasing real estate or equipment, include the signed purchase agreement and any vendor quotes. We'll build a deal summary that highlights your strengths, stable revenue in a recession-resistant industry, strong personal liquidity, or a long operating history, and address any concerns before the underwriter sees them. Most small business lending broker files move from intake to initial credit decision within two weeks when documentation arrives complete.
A precision-machining company in the Burkburnett industrial park wanted to add a second CNC mill and hire three operators. The owner had been in business eight years, showed consistent profit, and owned his building free and clear, but his bank offered only a five-year equipment note at a rate he considered steep. Heronbrook packaged the file as an SBA 7(a) loan, using the building as additional collateral to secure a ten-year term. We included photographs of the existing shop floor, a customer contract demonstrating future orders, and a narrative explaining how the new mill would reduce subcontracting costs. The underwriter approved the loan in twelve business days, and the equipment was installed before the busy fall season.
Business owners near Sheppard AFB and across Wichita Falls value the broker model because one application opens doors to community banks in Iowa Park, regional credit unions, and national SBA-preferred lenders. A hard money lending broker can also source bridge financing for time-sensitive acquisitions or properties that need renovation before they qualify for permanent financing. You pay no upfront fees to Heronbrook; we earn a commission from the lender at closing, which means our incentive aligns with yours, get the file approved and funded. Transparency starts with documentation: every bank statement, tax schedule, and lease agreement tells part of your story, and our job is to arrange those pieces so underwriters see the complete picture.
For a free consultation on SBA, equipment, working capital, commercial real estate, lines of credit, or factoring, call Heronbrook Financial at (940) 292-3616. We're located at 4102 Old Jacksboro Hwy, Wichita Falls, TX 76302, and we serve every business corridor from Cashion Community to Lakeside City. Visit our service areas page to confirm coverage, then bring your documentation and let us handle the rest.
Related programs
Serving the Wichita Falls area
We know which lenders fund which kinds of Wichita Falls businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
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Why Wichita Falls owners trust Heronbrook Financial
