Nov

2025

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By Dana Paltao | Uncategorized | Comments Off

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SOFI CHECKING AND SAVINGS

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Nov

2025

Are the Discounts Worth Getting That Store Credit Card?

By Helen Reis | | Comments Off

This article appeared in SoFi's On the Money newsletter. Not getting it? Sign up here.

OK, you’re holiday shopping and actually having some luck. You’ve hit a big box retailer, your favorite clothing store, and the fancy kitchen place and nailed holiday gifts for half your list.

And every time you check out, the clerk offers you a big time discount, like 30% or 40% — but only if you open a store-branded credit card. When you’re spending a hundred dollars or more, that’s a serious savings. So what’s the catch?

First things first: If you won’t be paying off the entire credit card bill when the statement comes, take a pass. Your finance charges are likely to cancel out the discount, and store credit cards generally carry higher interest rates than other credit cards.

Second: If having that card is going to tempt you to overspend, skip it. You can’t “save” money on purchases you weren’t planning to make in the first place.

Third: Applying for new cards can affect your credit score, and your score impacts your ability to borrow money at lower interest rates. While one new card typically lowers a score by only 5 points or so (not a ton on a scale that goes up to 850,) it can be more damaging if you have a shorter credit history or few credit accounts. Applying for too many cards too quickly can also hurt your score.

On the other hand, the discount on a large purchase may be worth that modest ding, especially if you regularly shop at that store and can take advantage of the rewards or perks.

So what? Taking advantage of a credit card promotion might make financial sense, but only if you can pay off your balance in full and on time. And if you haven’t borrowed much money or have a shorter credit history — maybe you’re young, rent your home, or have always used debit cards — it may make more sense to use a card you already have.

Week Ahead on Wall Street: A Data-Stuffed Thanksgiving Week

By Mario Ismailanji | | Comments Off

While the Thanksgiving holiday typically signals a quiet, low-volume period for markets, the fallout from this year’s government shutdown means we could see more volatility ahead of our turkeys and tofurkeys.

After finally receiving the government’s delayed – and mixed – September employment report last week, investors will be looking for reads on inflation and the health of the consumer and businesses.

A new economic data schedule for this shortened trading week is stuffed with important releases that would have been more spread out if the government hadn’t shut. Confirmed on the calendar is the delayed Producer Price Index (PPI), which will give us a crucial check on wholesale inflation. We’ll also get reports on retail sales and durable goods orders.

It’s this data dump that could exacerbate market volatility. Investors have to digest a significant amount of backward-looking but vital information while market liquidity will be drying up fast. The stock market will be closed Thanksgiving Day, Thursday, and have a shortened session on Friday.

Economic and Earnings Calendar

Monday

• October Chicago Fed National Activity Index: This is a monthly index put together that incorporates 85 indicators from four categories: production and income; employment, unemployment, and hours; personal consumption and housing; and sales, orders, and inventories.

• November Dallas Fed Manufacturing Activity: This is the Dallas Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

• Earnings: Agilent Technologies (A), Keysight Technologies (KEYS)

Tuesday

• November Philadelphia Fed Non-Manufacturing Activity: The Philadelphia Fed’s survey of services executives in the region on business conditions and their outlook.

• September Retail Sales: This measures spending at retail stores and is a key indicator of consumer demand.

• September Producer Price Index: The PPI tracks price trends that producers face and is down significantly from its peak earlier in the cycle.

• September FHFA House Price Index: This is a broad measure of single-family house prices released by the Federal Housing Finance Agency.

• November Richmond Fed Manufacturing Activity: The Richmond Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

• November Richmond Fed Non-Manufacturing Activity: The Richmond Fed’s survey of services executives in the region on business conditions and their outlook.

• November Conference Board Consumer Confidence: How consumers feel about economic conditions affect their spending habits. This survey places a particular focus on job availability and the state of the labor market.

• November Dallas Fed Non-Manufacturing Activity: This is the Dallas Fed’s survey of services executives in the region on business conditions and their outlook.

• Earnings: Analog Devices (ADI), Autodesk (ADSK), Best Buy Co (BBY), Dell Technologies (DELL), HP (HPQ), NetApp (NTAP), JM Smucker (SJM), Workday (WDAY)

Wednesday

• September Factory and Durable Goods Orders: These metrics give insight into underlying trends for leading cyclical indicators.

• November Chicago Business Barometer: The barometer provides information on U.S. economic activity and business conditions, consisting of seven activity indicators and three buying policy indicators.

• Fed Beige Book: This report is released eight times per year and tracks the state of the economy based on qualitative information.

• Weekly Mortgage Applications: Mortgage activity gives insight on demand conditions in the housing market.

• Earnings: Deere & Company (DE)

Thursday

• Markets will be closed on Thanksgiving.

Friday

• Markets will close at 1pm ET.

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Nov

2025

SoFi IRA Quiz Results

By Derek Stratton | Uncategorized | Comments Off

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Nov

2025

Small Business Loans in Texas

By Nick Silva | Uncategorized | Comments Off

TEXAS SMALL BUSINESS LOANS

Small Business Loans

in Texas

Search for financing

Learn All About Texas Small Business Loans

If you’re starting or expanding a small business in Texas, the first thing you’ll likely need is capital. Whether you’re opening a shop in Dallas, expanding a landscaping company in Austin, or upgrading the kitchen of your San Antonio catering, a small business loan can provide the money you need to get started.

Fortunately, the state of Texas offers programs designed specifically for residents while nationwide programs can provide plenty of options as well.

Key Points

• Small business loans in Texas support capital needs for startups and expansions.
• The Texas Small Business Credit Initiative allocates $472 million through CAP and LGP.
• Microloans, up to $50,000, may be easier to obtain.
• SBA loans offer lower interest rates and longer repayment terms.
• Grants from the Texas Enterprise Fund and Texas Workforce Commission provide additional funding options.

Popular Types of Small Business Loans in Texas

Small business owners in Texas can take advantage of a variety of programs offered through the state and nationally.

Recommended: Small Business Financing Guide

Texas Small Business Loan Programs

In Texas, the Governor’s Office of Small Business Assistance works with various partners to help provide small businesses with capital.

The Texas Small Business Credit Initiative (TSBCI) works with financial institutions to help provide resources for small businesses, especially those that have been traditionally underserved or affected by the COVID-19 pandemic.

The TSBCI allocates $472 million to invest in the state’s small business ecosystem, through two different programs: the Capital Access Program (CAP) and the Loan Guarantee Program (LGP). Loans of $5,000 up to $5 million may be enrolled in the CAP program, while Loans of $5,000 up to $20 million may be enrolled in the LGP.

To be eligible for these loans, small businesses must be for-profit, have 500 or fewer employees, be based in Texas, and a minimum of 51% of their employees must be located in-state.

There are also a variety of non-profit lenders located in Texas who focus on lending to disadvantaged businesses. These include organizations such as BCL of Texas, LiftFund, and PeopleFund. In addition to loans, these lenders offer mentoring, advice, and workshops.

SBA Loans

An SBA loan is a small business loan that is partially guaranteed by the U.S. Small Business Administration (SBA). The SBA partners with traditional lenders, such as banks and credit unions, who provide the loans. The SBA makes it easier for these lenders to offer loans, because they cover a portion of the loan if the borrower defaults.

SBA loans can be used for a wide variety of business purposes, including to buy equipment, provide working capital, purchase real estate, or refinance debt. They also typically offer lower interest rates than other conventional business loans and may offer longer repayment terms.

There are several types of SBA loans. The 7(a) Loan is the most common and suitable for most small business purposes. The 504 Loan, on the other hand, is designed mainly to purchase real estate or equipment. Small businesses may also apply for disaster loans that can aid recovery in declared disaster areas, and Express loans that help businesses that need a cash infusion quickly.

Recommended: SBA Loan Calculator

Term Loans

Small business loans are typically a type of a term loan. These loans offer borrowers a lump sum and are repaid over a set period of time with a fixed interest rate. They are typically used to start or expand a business, make large purchases of real estate or equipment, manage daily operations, or consolidate debt.

Business and startup loans may be secured by collateral, something of value that backs the loan, or they may be unsecured and don’t require collateral.

Equipment Financing

Equipment financing is a type of loan that allows you to purchase business equipment such as vehicles, machinery, or new technology without needing to cover the cost upfront. The purchase equipment itself often serves as collateral for the loan.

Financing equipment can be useful for a small business because it offers manageable payments while preserving capital that can be used for other operational purposes.

Business Lines of Credit

Business lines of credit are alternatives to a term loan. They are a form of revolving credit that functions, in many ways, like a credit card. They allow you to borrow money up to a certain limit, and the amount you borrow accrues interest. Once you pay it back that money is again available to borrow.

How to Apply for a Small Business Loan in Texas

Before applying for a small business loan, the following steps can help you get organized and increase your chances of approval.

Define Your Loan Purpose and Amount

Your lender will want to know exactly what you wish to use your loan for. Clearly define your need and the amount of money it will take to meet it.

Know Your Credit Score

Various lenders will have different requirements for the credit score you’ll need to qualify for a business loan. Some may require a score of 680 or higher, while others may work with borrowers with lower scores. Know your personal and business credit score to get a better understanding of which lenders you can work with.

Note, lenders typically offer their best terms and interest rates to borrowers with higher scores. If you have the time, you may wish to improve your credit score before applying for a loan.

Gather Your Key Documents

To apply for a loan, prepare key documents, including your detailed business plan, tax returns, and your business and personal financial statements.

Compare Lenders and Loan Offers

When it comes to loans, it pays to shop around. Carefully compare lenders and loan offers, looking closely at interest rates, fees, and other costs. Doing so can potentially help you save thousands of dollars over the life of the loan. Compare other terms and well to help ensure you choose the loan that works best for your situation.

A business loan calculator can help you understand your monthly payments and the overall cost of a loan to help you make informed decisions.

Submit Your Application and Await Approval

You can apply for a small business loan directly through banks for online lenders. If approved, carefully review the loan agreement. It will include information on the amount of the loan, the interest rate, and the repayment schedule. Be sure these work for you before you sign.

Tips for Improving Your Loan Approval Chances

There are several steps you can take to improve your chances of business loan approval.

First, both your personal and business credit scores will be important factors in any lender’s decision. So be sure to pay your bills on time and keep your debt low. Paying down debt can decrease your debt-to-income ratio, another important metric lenders use when determining credit worthiness.

Be sure to have a detailed business plan that includes a description of your company, market analysis, your goals, market position, marketing and sales strategies, and how you will use the funds to generate revenue. Be sure to have detailed financial records, including tax returns, bank statements, and profit and loss statements that document your business’ financial health.

Other Funding Options for Texas Small Business

In addition to loans, Texas small businesses may look to small business grants to provide funding. For instance, the Texas Enterprise Fund (TEF) provides performance-based cash grants to companies looking to create jobs and attract capital investment in Texas.

The Texas Workforce Commission offers grants to businesses with fewer than 100 employees to incentivize training for new, full-time employees.

THe SBA also offers a limited number of grants to small businesses for scientific research, community promotion of entrepreneurship, and exporting.

The Takeaway

Access to capital is a critical driver for small businesses in Texas looking to get off the ground or grow. The state offers residents access to a wide variety of programs that provide businesses with the opportunity to meet their funding needs. Understanding what these state and national opportunities are and how to best prepare yourself to qualify for a loan can set your small business up for long-term success.

If you’re seeking financing for your business, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your business in minutes.

With one simple search, see if you qualify and explore quotes for your business.

Search for financing

(without impacting your credit score)^†

FAQ

How do I get a small business loan in Texas?

First prepare a strong business plan and organize your financial records. Research state and federal loan opportunities and compare loan terms, interest rates, and fees. Apply for the loan that best suits your needs, and be sure to review the loan agreement carefully before you sign.

Can I get a startup business loan in Texas with no money?

It will likely be challenging to get a startup business loan in Texas with no money, but it is possible. You will likely need to present a very strong business plan, and you may need to back the loan with collateral or another personal guarantee.

How hard is it to get a small business loan in Texas?

The ease with which you’ll qualify for a small business loan in Texas will depend on a variety of factors, including your business plan, financial health, and credit score. Borrowers with a strong business plan and strong financial standing will have an easier time qualifying for a loan.

What is the easiest type of business loan to get approved for?

Microloans may be the easiest option for small businesses to get approval for, and typically offer loan amounts up to $50,000.

What credit score do I need for a small business loan?

Generally, the minimum credit score required for SBA and other term loans is 680. That said, it may be possible to find lenders who will work with you if you have a lower credit score.

What can I use a small business loan for?

Small business loans can be used for a variety of purposes including providing working capital, purchasing real estate or equipment, research and development, consolidating debt, and more.

Are there any small business grants available in Texas?

There are small business grants available in Texas, such as those available from the Texas Enterprise Fund and the Texas Workforce Commission.

SoFi's marketplace is owned and operated by SoFi Lending Corp.

Advertising Disclosures: The preliminary options presented on this site are from lenders and providers that pay SoFi compensation for marketing their products and services. This affects whether a product or service is presented on this site. SoFi does not include all products and services in the market. All rates, terms, and conditions vary by provider. See SoFi Lending Corp. licensing information below.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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SoFi Blog

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Dana Test Homepage – Main

Increase your savings with a limited-time APY boost.*

Expanded access to private markets.

Expanded access to private markets.

SoFi Plus: The smart way to get more from your money.

Every $10+ purchase could get you closer to winning up to $20K.*

Get yourself up to $1k in stock for the holidays.*

We’re paying off one winner’s mortgage—up to $500K.*

40% off hotels in Mexico.* 100% ready for vacation.

Pay less student debt now. Save more cash for tomorrow.*

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Are the Discounts Worth Getting That Store Credit Card?

Related Reading

Week Ahead on Wall Street: A Data-Stuffed Thanksgiving Week

Economic and Earnings Calendar

Monday

Tuesday

Wednesday

Thursday

Friday

Want to see more stories like this? On the Money is SoFi’s flagship newsletter for all things personal finance.

SoFi IRA Quiz Results

Waiting for your answers…

Small Business Loans in Texas

Learn All About Texas Small Business Loans

Popular Types of Small Business Loans in Texas

Texas Small Business Loan Programs

SBA Loans

Term Loans

Equipment Financing

Business Lines of Credit

How to Apply for a Small Business Loan in Texas

Define Your Loan Purpose and Amount

Know Your Credit Score

Gather Your Key Documents

Compare Lenders and Loan Offers

Submit Your Application and Await Approval

Grow Your Business the Right Way.Explore small business funding options in one place with no impact to your credit score.*

Grow Your Business the Right Way.Explore small business funding options in one place with no impact to your credit score.*

Grow Your Business the Right Way.Explore small business funding options in one place with no impact to your credit score.*

Tips for Improving Your Loan Approval Chances

Other Funding Options for Texas Small Business

The Takeaway

FAQ

How do I get a small business loan in Texas?

Can I get a startup business loan in Texas with no money?

How hard is it to get a small business loan in Texas?

What is the easiest type of business loan to get approved for?

What credit score do I need for a small business loan?

What can I use a small business loan for?

Are there any small business grants available in Texas?

Tips and news—
for your financial moves.

Increase your
savings with a
limited-time
APY boost.*

Expanded access

to private markets.

Expanded access

to private markets.

SoFi Plus: The
smart way to
get more from
your money.

Every $10+
purchase
could
get
you closer
to
winning up
to $20K.*

Get yourself up
to $1k in stock
for the holidays.*

40% off hotels in Mexico.*
100% ready for vacation.

Pay less student debt now. Save more cash for tomorrow.^*

Student Loan
Refinancing

Private Student
Loans

Credit Score
& Budgeting

Auto Loan

Refinancing

Increase your
savings with a
limited-time
APY boost.*

Want to see more stories like this?
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Grow Your Business the Right Way.
Explore small business funding options in one place with no impact to your credit score.*

Grow Your Business the Right Way.
Explore small business funding options in one place with no impact to your credit score.*

Grow Your Business the Right Way.
Explore small business funding options in one place with no impact to your credit score.*