Small Business Loans in Jacksonville, FL

With a total area of nearly 875 square miles, Florida’s most populated city offers plenty of room for new businesses, as well as both local and visiting customers. Whether you’re opening a new location, relocating or expanding, there likely will come a time when your small business needs financing. 

Find out where to find small business loans in Jacksonville, Florida, and see resources to help you on your entrepreneurial journey.

According to the most recent U.S. Census data, there are slightly more than 70,000 business firms in Jacksonville, including nearly 29,000 women-owned companies and more than 27,000 minority-owned firms.

Tourism is one of the biggest contributors to the economy in the city “where Florida begins.” Additionally, Jacksonville’s coastal location is a valuable asset to area industries, including import and export operations. 

The construction and building materials industry is another significant contributor to the city’s economy, as are pulp and paper mills.

1. Regions Bank

Regions Bank has earned a spot on Wallet Hub’s “2021’s Best Banks in Jacksonville, FL,” list. It also has been awarded a “Good” rating from more than 1,900 reviewers on the site. 

Here you’ll find the following small business loans:

• SBA loans
• Lines of credit
• Real estate loans
• Construction loans
• Business credit cards
• Agriculture loans
• Commercial loans
• Working capital loans
• Equipment loans and lease financing

2. The Heritage Bank

This bank has earned a 4-star rating on WalletHub and 5-star rating on Google reviews. If you want to visit in person, there’s 1 branch in Jacksonville.

Financing available includes the following:

• Startup loans
• Expansion loans
• Inventory financing
• Equipment financing
• Land development loans
• Construction loans
• Business credit cards
• Working capital lines of credit

3. TD Bank

TD Bank is popular around the country, even around the world. So much so that it’s earned a place on Forbes’ “The World’s Best Banks 2020” list. Here you’ll find lines of credit from $25,000-$500,000, with larger lines available for commercial businesses.

Additionally, fixed-rate funding up $1 million is available through these products:

• Renovation loans
• Expansion loans
• Equipment loans 
• Working capital loans 
• Commercial mortgages

4. TIAA Bank

If you’re in need of commercial real estate financing, head to TIAA Bank. Real estate loans start at $2 million with repayment terms up to 15 years. The bank is A+ rated with the Better Business Bureau (BBB) and has been given a 4.4-star rating from Bankrate. Visit 1 of 4 branch locations in Jacksonville.

5. Vystar Credit Union

Vystar Credit Union makes our list because it’s earned an A+ rating from the BBB as well as a 4.3-star rating on Bankrate. Credit union membership is open to individuals who live or work in Duval County. 

Visit 1 of more than 10 branch locations in the city, where you’ll find the following types of financing:

• Equipment loans
• Real estate loans
• Business credit cards
• Business vehicle loans
• Share-secured loans

While conventional lenders, such as the ones noted above, are often the first type of lender borrowers turn to, there are other options. 

Today, alternative lenders are on the market offering faster funding and streamlined applications. In some cases, applicants could be funded within a day of approval. 

Payment terms are typically shorter than you’d find with conventional lenders and payments are often daily or weekly, such as with short-term loans and merchant cash advances.

• Applying for Alternative Financing Through Fast Capital 360

  When you’re in search of funding for your business, consider Fast Capital 360. 

  Here’s what sets us apart. 

  Speed

  Complete an online application for financing in just a few minutes.

  Multiple Offers

  You could get approved for more than 1 funding offer with your single Fast Capital 360 application.  

  Expert Guidance

  One of our Business Advisors will reach out to review your offers with you, so you can choose the best offer for your company’s needs.

Get Your Business Loan Options in Minutes

Now that you know where to find small business loans in Jacksonville, FL, find out what other resources are out there to help you on your entrepreneurial journey.

Small Business Development Center 

Located at the University of North Florida in Jacksonville, this organization with branches nationwide, offers various services to new and existing business owners. Take advantage of free and confidential consulting services, funded in part by the Small Business Administration. 

Additionally, visit the website for information on various topics, such as these:

• Accessing capital
• Writing a business plan
• Testing the market
• Understanding legal requirements

SCORE

This nationwide nonprofit organization has a local chapter that serves northeast Florida, including Duval County. Take a workshop, sign up for an online webinar or get in touch with a mentor. Browse the online library, where you can find templates and videos on topics of interest to small business owners.

JAX Chamber Small Business Center

If you’re considering starting a new venture, get feedback on your business idea and benefit from mentorship programs. Take part in networking opportunities, and connect with other business owners for valuable insight. Find information specifically tailored to women business owners. 

Additionally, find helpful sample forms, such as these, for free download:

• Bank loan review
• Balance sheet
• Income statement
• Collection letter
• Present value statement
• Cash flow budget worksheet