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Fueling Dallas' small business boom: Why community banks matter more than ever

Texas is currently home to nearly 3 million active business entities, with an increase of over 35,000 new businesses in the first month of the year. Since 2015, the number of businesses in Texas has nearly doubled, underscoring the state's dynamic entrepreneurial environment and solidifying its reputation as a hub for innovation and opportunity. At the heart of this surge are entrepreneurs eager to transform their ideas into thriving enterprises. While success requires grit, passion and resilience, it's often the unseen support of trusted advisors that fuels long-term growth. An essential partner to a growing business is their community bank. Whether funding a local developer's next big project, helping a restaurant expand to a second location, or providing a rancher with equipment financing, a bank is more than just a lender. It's a dedicated partner throughout the growth journey. Local banks offer more than capital. They deliver personalized guidance, rooted in real-world experience and a deep understanding of the local market. It's the kind of insight you won't find at national chains, and it can be the difference between just getting by and scaling up. Growing a business is hard. Banking shouldn't be. Nearly 50% of small businesses don't make it past their fifth year, and less than 10% achieve more than $1 million in annual revenue.* This isn't because of a lack of vision or hard work, but often due to limited access to capital, cash flow challenges and the need for trusted financial advice. This is where local community banks stand apart. Community banks like Harmony Bank, founded in Texas and operating for 100 years, are rooted in relationships, with decisions made locally by people who truly understand the unique needs of businesses in their communities. What sets community banks apart Local lending, local decisions. Loan decisions are made by people who know your community and understand the local market — people who are genuinely invested in your success. Tailored solutions for real goals. From lines of credit to SBA loans and equipment financing, community banks structure flexible solutions that align with your unique business goals, without all the red tape. Capital that stays local. Your deposits stay where they belong — funding local North Texas businesses, homeownership and vital infrastructure. Last year, local banks helped finance everything from small business startups to rural broadband expansion. A partner for the long haul. Community banks are there from day one and remain by your side as your business grows. Whether you're scaling, expanding or planning your next move, your bank is committed to your long-term success. Celebrating small businesses every day While May is officially Small Business Month, supporting small businesses is an ongoing mission for community banks. Every day, local banks invest in the entrepreneurs who drive our local economies, turning big ideas into tangible impact. As you look ahead, take a moment to reflect: Is your bank simply holding your money, or is it actively invested in helping your business grow, thrive and reach new heights? Now is the time to build the future of your business with a partner, like Harmony Bank, who understands your vision, backs your ambitions and is here for the long term. Whether your business is navigating turbulent times or experiencing growth, now's the time to establish a relationship with a local bank who can help you see it through successfully. For over 100 years, Harmony Bank has partnered with the people who build our communities. From startups to family legacies, we offer local expertise, personalized banking and a long-term commitment to our customers' success. With 11 branches and a strong focus on small business success, Harmony offers deposit and lending solutions tailored to your goals. Learn more at *According to sources collected by Harmony Bank