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Small businesses often struggle to grow without access to financing. Many business owners rely on SBA loans in Austin to take their businesses to new heights. It’s not the Small Business Administration that gives out the loans. SBA loans do go through backs, the SBA only guarantees them.
The best SBA lenders in Austin provide financing under both the SBA (7a) and 504 programs. The process doesn’t have a lot of red tape which means you can quickly get the funding your business needs. Getting an SBA loan in Austin is a much better option than obtaining a conventional loan for your business.
Get an SBA 7(a) loan in Austin to expand your business, acquire one, meet working capital needs, purchase equipment and more. Businesses in almost all industries are eligible to receive financing under these programs. These are the best SBA lenders in Austin based on recent loan activity:
| Rank | Austin Lender | Headquarters | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | United Community Bank | Blairsville, GA | 16 | $908,750 | 5.5% |
| 2 | Live Oak | Wilmington, NC | 13 | $2,073,846 | 5.2% |
| 3 | Wells Fargo | Sioux Falls, SD | 13 | $471,631 | 5.8% |
| 4 | PNC Bank | Wilmington, DE | 11 | $473,818 | 8.4% |
| 5 | Five Star Bank | Rancho Cordova, CA | 10 | $330,000 | 6.0% |
| 6 | Comerica Bank | Dallas, TX | 9 | $793,222 | 4.9% |
| 7 | Frost Bank | San Antonio, TX | 9 | $612,911 | 5.3% |
Connect me to an Austin lender!
Don’t forget: Look beyond just searching online for “business loans near me” or “SBA lenders near me”. The best bank for an SBA loan in Austin might not even be in Austin. At SbaLenders.com, we work with both local and nationwide preferred SBA lenders to quickly make the required funds available for your business.