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Top SBA Lenders in Austin
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Huntington Bank | Columbus, OH | 65 | $542,160 | 10.4% |
| 2 | Newtek Bank | Miami, FL | 58 | $421,379 | 11.3% |
| 3 | Readycap Lending, LLC | Berkeley Heights, NJ | 42 | $188,386 | 13.0% |
| 4 | JPMorgan Chase Bank | Columbus, OH | 40 | $659,733 | 9.6% |
| 5 | BayFirst National Bank | Saint Petersburg, FL | 38 | $304,847 | 12.6% |
| 6 | Northeast Bank | Lewiston, ME | 38 | $167,703 | 10.9% |
| 7 | United Midwest Savings Bank | De Graff, OH | 30 | $142,333 | 10.5% |
| 8 | Live Oak | Wilmington, NC | 27 | $1,213,593 | 9.6% |
| 9 | Wells Fargo | Sioux Falls, SD | 25 | $356,612 | 11.2% |
| 10 | Celtic Bank | Salt Lake City, UT | 19 | $405,779 | 10.4% |
| 11 | Lendistry SBLC | Los Angeles, CA | 19 | $168,774 | 12.5% |
| 12 | American Bank of Commerce | Wolfforth, TX | 17 | $533,341 | 8.8% |
| 13 | Zions Bank | Salt Lake City, UT | 15 | $244,900 | 10.4% |
| 14 | First Bank of the Lake | Osage Beach, MO | 14 | $839,779 | 10.6% |
| 15 | PeopleFund | Austin, TX | 14 | $174,293 | 10.1% |
| 16 | First Internet Bank of Indiana | Fishers, IN | 10 | $1,151,200 | 10.3% |
| 17 | PlainsCapital Bank | Dallas, TX | 10 | $223,930 | 9.9% |
| 18 | Citizens Bank | Elizabethton, TN | 9 | $881,944 | 10.4% |
| 19 | Bank of America | Charlotte, NC | 9 | $573,800 | 9.7% |
| 20 | Fifth Third Bank | Cincinnati, OH | 9 | $434,378 | 8.9% |
Top Industries for SBA Loans in Austin
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 3 | Administrative Management and General Management Consulting Services | 7 | $298,643 | 10.3% |
| 1 | Advertising Agencies | 18 | $282,883 | 10.4% |
| 1 | Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | 2 | $150,000 | 11.5% |
| 1 | All Other Amusement and Recreation Industries | 7 | $250,543 | 9.8% |
| 1 | All Other Consumer Goods Rental | 2 | $1,489,500 | 10.5% |
| 1 | All Other Home Furnishings Retailers | 4 | $200,000 | 10.5% |
| 3 | All Other Miscellaneous Retailers | 4 | $104,750 | 13.8% |
| 2 | All Other Personal Services | 11 | $557,936 | 9.8% |
| 2 | All Other Professional, Scientific, and Technical Services | 7 | $877,357 | 9.5% |
| 2 | All Other Specialty Food Retailers | 2 | $604,500 | 10.5% |
| 4 | All Other Specialty Trade Contractors | 8 | $192,125 | 10.7% |
| 1 | Amusement Arcades | 2 | $658,700 | 8.8% |
| 2 | Appliance Repair and Maintenance | 2 | $150,000 | 10.3% |
| 2 | Architectural Services | 5 | $310,000 | 10.4% |
| 3 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $550,000 | 11.5% |
| 1 | Barber Shops | 2 | $170,500 | 8.3% |
| 4 | Beauty Salons | 13 | $116,669 | 11.0% |
| 3 | Beer, Wine, and Liquor Retailers | 3 | $879,467 | 9.4% |
| 1 | Cheese Manufacturing | 18 | $2,124,000 | 10.1% |
| 2 | Child Care Services | 9 | $210,867 | 10.5% |
| 3 | Clothing and Clothing Accessories Retailers | 3 | $1,339,567 | 10.5% |
| 2 | Commercial and Institutional Building Construction | 4 | $1,757,500 | 10.3% |
| 1 | Commercial Printing (except Screen and Books) | 3 | $366,200 | 11.6% |
| 1 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 4 | $341,250 | 9.6% |
| 1 | Cosmetics, Beauty Supplies, and Perfume Retailers | 4 | $185,075 | 9.8% |
| 1 | Custom Computer Programming Services | 15 | $384,353 | 10.7% |
| 2 | Drinking Places (Alcoholic Beverages) | 8 | $825,000 | 10.4% |
| 2 | Drywall and Insulation Contractors | 3 | $706,667 | 10.3% |
| 4 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $300,000 | 7.8% |
| 2 | Employment Placement Agencies | 3 | $808,900 | 9.4% |
| 2 | Engineering Services | 5 | $741,600 | 9.6% |
| 1 | Fine Arts Schools | 5 | $439,000 | 10.7% |
| 1 | Finish Carpentry Contractors | 5 | $287,000 | 9.8% |
| 4 | Fitness and Recreational Sports Centers | 10 | $518,610 | 9.7% |
| 2 | Flooring Contractors | 2 | $1,120,000 | 10.0% |
| 4 | Full-Service Restaurants | 22 | $645,105 | 10.2% |
| 3 | General Automotive Repair | 4 | $584,250 | 9.7% |
| 2 | Graphic Design Services | 2 | $144,500 | 10.0% |
| 3 | Home Health Care Services | 4 | $445,900 | 10.3% |
| 3 | Hotels (except Casino Hotels) and Motels | 8 | $3,222,150 | 8.8% |
| 2 | Independent Artists, Writers, and Performers | 11 | $526,000 | 12.2% |
| 3 | Insurance Agencies and Brokerages | 7 | $928,386 | 10.4% |
| 2 | Interior Design Services | 6 | $535,700 | 9.5% |
| 3 | Janitorial Services | 13 | $481,431 | 9.7% |
| 2 | Landscaping Services | 6 | $360,833 | 10.5% |
| 4 | Limited-Service Restaurants | 14 | $775,379 | 9.8% |
| 3 | Marketing Consulting Services | 10 | $260,970 | 10.9% |
| 2 | Mobile Food Services | 3 | $95,000 | 9.2% |
| 1 | Mortgage and Nonmortgage Loan Brokers | 2 | $56,300 | 13.9% |
| 2 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $500,000 | 9.6% |
| 3 | Offices of All Other Miscellaneous Health Practitioners | 9 | $1,229,978 | 10.3% |
| 2 | Offices of Certified Public Accountants | 3 | $795,967 | 7.1% |
| 2 | Offices of Chiropractors | 4 | $74,500 | 11.3% |
| 3 | Offices of Dentists | 8 | $1,088,413 | 9.7% |
| 2 | Offices of Lawyers | 6 | $695,333 | 9.7% |
| 3 | Offices of Mental Health Practitioners (except Physicians) | 6 | $204,733 | 11.2% |
| 1 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 3 | $247,267 | 11.6% |
| 3 | Offices of Physicians (except Mental Health Specialists) | 3 | $1,893,733 | 9.4% |
| 2 | Offices of Real Estate Agents and Brokers | 2 | $550,000 | 8.8% |
| 1 | Other Building Finishing Contractors | 2 | $562,500 | 9.3% |
| 1 | Other Building Material Dealers | 3 | $988,067 | 10.1% |
| 3 | Other Computer Related Services | 8 | $1,546,813 | 10.3% |
| 1 | Other Individual and Family Services | 2 | $55,000 | 12.4% |
| 2 | Other Personal and Household Goods Repair and Maintenance | 6 | $108,333 | 10.4% |
| 3 | Other Personal Care Services | 14 | $416,921 | 10.6% |
| 2 | Other Services to Buildings and Dwellings | 9 | $505,111 | 9.8% |
| 2 | Painting and Wall Covering Contractors | 3 | $194,833 | 10.2% |
| 1 | Pet and Pet Supplies Retailers | 2 | $265,000 | 9.3% |
| 3 | Pet Care (except Veterinary) Services | 2 | $1,142,000 | 8.0% |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 4 | $615,875 | 9.3% |
| 1 | Poured Concrete Foundation and Structure Contractors | 5 | $474,600 | 10.0% |
| 1 | Professional and Management Development Training | 9 | $1,226,911 | 11.9% |
| 1 | Public Relations Agencies | 2 | $604,500 | 8.1% |
| 2 | Residential Property Managers | 2 | $2,137,500 | 9.5% |
| 4 | Residential Remodelers | 5 | $163,000 | 10.7% |
| 1 | Security Systems Services (except Locksmiths) | 2 | $1,710,050 | 9.6% |
| 3 | Services for the Elderly and Persons with Disabilities | 4 | $428,750 | 10.4% |
| 2 | Sign Manufacturing | 2 | $732,850 | 8.8% |
| 4 | Snack and Nonalcoholic Beverage Bars | 13 | $452,531 | 10.3% |
| 1 | Software Publishers | 3 | $250,000 | 9.7% |
| 1 | Solid Waste Collection | 2 | $973,250 | 9.6% |
| 1 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 3 | $379,500 | 9.4% |
| 2 | Tax Preparation Services | 2 | $433,100 | 11.0% |
| 1 | Temporary Help Services | 2 | $2,647,500 | 9.5% |
| 3 | Vending Machine Operators | 4 | $92,500 | 10.0% |
Finding the right SBA lender in Austin is key to securing the funding your business needs. Whether you’re launching a startup, expanding operations, or purchasing new equipment, we connect you with top SBA lenders locally and nationwide. Don’t limit your search—click “Connect me to an Austin lender” now to get matched with the best financing options for your business.
Connect me to an Austin lender!
Top SBA Lenders in Austin | Austin SBA Loans
Introduction
Austin is one of the fastest-growing business hubs in the U.S., home to innovative startups, tech companies, and small businesses in various industries. However, securing funding remains a challenge for many entrepreneurs. SBA loans in Austin provide an excellent solution, offering low-interest rates, long repayment terms, and accessible financing for businesses that may not qualify for conventional loans. Whether you need funds for expansion, equipment purchases, or working capital, SBA loans can help you grow your business.
SBA Lending in Austin: Last Year Overview
SBA lending continues to support Austin’s small business community. Here are the key SBA lending statistics from last year:
- Total SBA Loans Issued: $185,114,700
- Number of SBA Loans: 371
- Average Loan Amount: $498,961.46
- Average Interest Rate: 11.06%
- Jobs Supported: 3,587
- SBAlenders.com City Ranking: #10 in the U.S.
These numbers highlight the impact of SBA loans in Austin, helping businesses secure funding while driving job creation and economic growth.
Why Lenders Choose Us
Lenders work with us because we simplify the SBA loan process, ensuring business owners secure the best financing options available. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the top SBA lenders in Austin and nationwide.
- Efficient Loan Application Process: Our system streamlines approvals and reduces unnecessary paperwork.
- Expert Business Loan Guidance: Our team helps business owners navigate SBA loan requirements to maximize approval chances.
- Tailored Loan Matching: We analyze business needs to connect them with the most suitable lenders.
- Proven Success: Thousands of businesses have secured SBA funding through our platform, helping them expand and create jobs.
By working with us, lenders can efficiently support small businesses while ensuring successful loan outcomes.
Overview of SBA Loan Program in Austin
The SBA 7(a) loan program is the most flexible SBA loan option, designed to support various business needs. Here’s what you need to know about SBA loans:
- Loan Size: Up to $5,000,000
- Loan Term: 10 years for non-real estate loans; 25 years for real estate loans
- Interest Rates: Slightly higher than conventional loans, negotiated with lenders within SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment financing, debt refinancing, partner buyouts, franchise openings, and working capital
- Down Payment: Typically 10% to 20%
- Credit Score Requirement: 680+ is ideal, with a minimum of 640 for consideration
- Collateral: Not required, but all available collateral must be pledged
SBA loans are designed for businesses that may not qualify under traditional lending standards, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners in nearby areas may also find SBA lending opportunities in these cities:
Bastrop, Bee Cave, Buda, Cedar Park, Dripping Springs, Elgin, Georgetown, Hutto, Kyle, Lakeway, Leander, Manor, Pflugerville, Round Rock, San Marcos.
Resources for Small Businesses in Austin
Austin business owners have access to valuable resources to support their growth:
- Austin SBA District Office – Provides assistance with SBA loan programs and applications.
- SCORE Austin – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services for small businesses.
- Austin Chamber of Commerce – Connects business owners with networking and funding opportunities.
Summary
SBA loans continue to be a critical funding tool for small businesses in Austin, providing necessary capital to fuel growth and job creation. With competitive interest rates, flexible repayment terms, and strong business support, securing an SBA loan could be the key to your business’s success. If you’re looking for the best SBA lenders in Austin, explore your options today and take the next step toward securing the right financing.