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This might surprise you, but Midland is home to the tallest building between Fort Worth and Phoenix. Referred to as “The Tall City,” the west Texas community is well known in the Southwest for its spectacular skyline. The revenue generated from the Permian Basin oil and gas discoveries created the affluence that led to private industry and municipal government leaders to think big. The city has experienced several oil booms, most notably during the 1950s and 1970s, when oil prices skyrocketed. For years, the 22-story Wilco building held the distinction as being the tallest building in Midland. As of 2018, the 24-story Bank of America skyscraper holds the honor.
Midland is the county seat of Midland County located in the lower section of the Southern Plains. In 2016, the city’s population increased by 21.1 percent to reach 134,610 residents. In fact, Midland has experienced population growth in every decade since World War II except for one decade, the 1970s. The semi-arid climate produces little rain during hot summers. The community receives the bulk of its precipitation in winter. Although temperatures can drop below freezing, thermometers rarely dip below 32 degrees for long.
In 2014, the city posted the lowest unemployment rate in the United States at 2.3 percent. After decreasing its dependence on the petrol drive economy, Midland began to enjoy robust economic growth caused by corporate investments in telecommunication and information technology infrastructure. The three largest employers in the area are the Midland Independent School District, Dawson Geophysical, and Midland Memorial Hospital and Medical Center.
The Midland-Odessa Symphony and Chorale has delivered critically acclaimed performances in Permian Basin for more than 45 years. As the largest symphony in the region, the orchestra presents Pops and Masterworks performances every year. Professional musicians from Midland have joined talented professionals who travel from as far away as Lubbock and San Angelo to play the classics. Three resident chamber ensembles comprised of the primary musicians in the orchestra also produce memorable music.
The wealth accumulated by Midland financial institutions has produced a strong demand for a wide variety of personal loan packages. From needing seed money to start a biotech research facility to adding a garage on a Midland home, there are many reasons residents in this area need money. Before you pursue a loan, visit the Texas Department of Banking website and click on the “Consumer Information” tab to review valuable personal finance information.
Access the official city website to learn more about “The Tall City.”
The legal requirements for loans in Midland, Texas vary by funding type and the type of financial entity offering the loan. Questions like “What is the shortest payback period?” and “What is the longest loan term?” cannot be easily answered. To understand the rules and regulations for getting personal loans in Texas, associated with the loan you end up choosing, we recommend speaking with a professional accountant in your area.
You will need to contact your lender directly to discuss any restrictions that may apply to your loan. For information about what can prevent you from requesting a loan through our site, please see the corresponding section below.
Those with bad credit may still be able to find funding. While searching for traditional bank loans, or even locally sourced alternative funding solutions, may prove unfruitful, online options may utilize a risk assessment model that favors your financial situation. A personal loan for bad credit less than 580 will likely have higher interest than some other types of loans.
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Please make sure you meet the following requirements before requesting a loan through our site:
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