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Top SBA Lenders in Dallas TX
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 86 | $559,395 | 11.2% |
| 2 | Huntington Bank | Columbus, OH | 63 | $678,840 | 10.1% |
| 3 | BayFirst National Bank | Saint Petersburg, FL | 36 | $146,869 | 12.6% |
| 4 | Northeast Bank | Lewiston, ME | 36 | $137,400 | 10.8% |
| 5 | JPMorgan Chase Bank | Columbus, OH | 34 | $439,415 | 11.5% |
| 6 | Readycap Lending, LLC | Berkeley Heights, NJ | 34 | $297,024 | 12.6% |
| 7 | Live Oak | Wilmington, NC | 33 | $1,146,636 | 9.6% |
| 8 | U.S. Bank | Cincinnati, OH | 28 | $599,743 | 9.9% |
| 9 | Wells Fargo | Sioux Falls, SD | 22 | $244,932 | 12.2% |
| 10 | Lendistry SBLC | Los Angeles, CA | 22 | $176,564 | 12.4% |
| 11 | United Midwest Savings Bank | De Graff, OH | 20 | $317,300 | 10.4% |
| 12 | First Internet Bank of Indiana | Fishers, IN | 16 | $1,484,500 | 10.5% |
| 13 | Bank of Hope | Los Angeles, CA | 14 | $776,036 | 9.8% |
| 14 | Fifth Third Bank | Cincinnati, OH | 14 | $499,193 | 9.3% |
| 15 | T Bank | Dallas, TX | 13 | $1,021,500 | 9.9% |
| 16 | Bank of America | Charlotte, NC | 11 | $1,228,582 | 7.6% |
| 17 | Frost Bank | San Antonio, TX | 11 | $360,409 | 9.7% |
| 18 | PlainsCapital Bank | Dallas, TX | 11 | $108,082 | 10.8% |
| 19 | Celtic Bank | Salt Lake City, UT | 10 | $595,970 | 10.3% |
| 20 | Security National Bank of Omaha | Omaha, NE | 9 | $1,330,256 | 9.8% |
Top Industries for SBA Loans in Dallas TX
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 9 | All Other Amusement and Recreation Industries | 2 | $309,200 | 11.5% |
| 4 | All Other Consumer Goods Rental | 2 | $150,000 | 12.5% |
| 3 | All Other Home Furnishings Retailers | 2 | $125,000 | 11.8% |
| 4 | All Other Miscellaneous Manufacturing | 3 | $513,133 | 8.8% |
| 11 | All Other Personal Services | 4 | $663,625 | 8.9% |
| 7 | All Other Professional, Scientific, and Technical Services | 6 | $212,867 | 11.0% |
| 12 | All Other Specialty Trade Contractors | 5 | $776,060 | 10.7% |
| 4 | Appliance Repair and Maintenance | 4 | $150,000 | 10.3% |
| 10 | Automotive Body, Paint, and Interior Repair and Maintenance | 7 | $790,357 | 10.9% |
| 16 | Beauty Salons | 30 | $761,027 | 10.9% |
| 10 | Beer, Wine, and Liquor Retailers | 2 | $450,850 | 11.5% |
| 1 | Blind and Shade Manufacturing | 8 | $300,000 | 11.0% |
| 6 | Breweries | 2 | $268,750 | 10.3% |
| 4 | Caterers | 3 | $134,200 | 11.3% |
| 12 | Child Care Services | 6 | $244,500 | 10.8% |
| 13 | Clothing and Clothing Accessories Retailers | 6 | $329,950 | 11.1% |
| 3 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $1,851,500 | 9.4% |
| 6 | Commercial Printing (except Screen and Books) | 5 | $885,900 | 7.6% |
| 2 | Computer Facilities Management Services | 5 | $333,500 | 10.3% |
| 6 | Convenience Retailers | 6 | $849,000 | 9.1% |
| 7 | Custom Computer Programming Services | 7 | $148,243 | 11.0% |
| 2 | Cut and Sew Apparel Manufacturing (except Contractors) | 2 | $1,746,000 | 9.2% |
| 9 | Drinking Places (Alcoholic Beverages) | 3 | $1,723,967 | 9.2% |
| 6 | Drycleaning and Laundry Services (except Coin-Operated) | 5 | $1,412,880 | 10.0% |
| 6 | Drywall and Insulation Contractors | 3 | $146,333 | 11.1% |
| 11 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $231,250 | 11.3% |
| 3 | Electronic and Precision Equipment Repair and Maintenance | 2 | $295,650 | 10.5% |
| 3 | Electronics and Appliance Retailers | 2 | $1,000,000 | 9.5% |
| 7 | Employment Placement Agencies | 4 | $478,075 | 10.6% |
| 7 | Engineering Services | 3 | $587,100 | 9.3% |
| 2 | Exterminating and Pest Control Services | 3 | $668,000 | 9.7% |
| 16 | Fitness and Recreational Sports Centers | 14 | $672,379 | 10.3% |
| 8 | Flooring Contractors | 3 | $215,000 | 10.7% |
| 4 | Freight Transportation Arrangement | 5 | $408,680 | 9.8% |
| 17 | Full-Service Restaurants | 32 | $862,197 | 10.2% |
| 1 | Furniture Merchant Wholesalers | 2 | $931,350 | 7.0% |
| 2 | Furniture Retailers | 4 | $643,325 | 12.1% |
| 6 | Gasoline Stations with Convenience Stores | 6 | $1,849,500 | 8.9% |
| 10 | General Automotive Repair | 9 | $576,000 | 9.7% |
| 10 | General Freight Trucking, Local | 2 | $32,500 | 13.5% |
| 9 | General Freight Trucking, Long-Distance, Truckload | 4 | $454,750 | 11.8% |
| 2 | General Line Grocery Merchant Wholesalers | 2 | $1,700,000 | 10.0% |
| 2 | Glass and Glazing Contractors | 2 | $150,000 | 12.5% |
| 3 | Hobby, Toy, and Game Retailers | 2 | $316,500 | 9.8% |
| 2 | Home Furnishing Merchant Wholesalers | 2 | $2,341,500 | 10.0% |
| 12 | Home Health Care Services | 4 | $1,073,250 | 10.9% |
| 11 | Hotels (except Casino Hotels) and Motels | 2 | $4,767,500 | 8.1% |
| 2 | Human Resources Consulting Services | 2 | $70,000 | 11.5% |
| 5 | Independent Artists, Writers, and Performers | 2 | $82,500 | 12.9% |
| 14 | Insurance Agencies and Brokerages | 9 | $265,611 | 10.1% |
| 7 | Interior Design Services | 4 | $237,750 | 11.4% |
| 10 | Janitorial Services | 5 | $116,000 | 10.4% |
| 2 | Jewelry and Silverware Manufacturing | 4 | $210,000 | 11.5% |
| 3 | Jewelry Retailers | 3 | $100,000 | 12.5% |
| 10 | Landscaping Services | 3 | $1,540,667 | 9.0% |
| 16 | Limited-Service Restaurants | 24 | $518,500 | 9.9% |
| 2 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 3 | $450,000 | 8.3% |
| 10 | Marketing Consulting Services | 4 | $890,700 | 9.3% |
| 5 | Nail Salons | 6 | $247,917 | 10.6% |
| 1 | New Car Dealers | 4 | $3,000,000 | 10.5% |
| 8 | New Single-Family Housing Construction (except For-Sale Builders) | 14 | $844,214 | 11.6% |
| 9 | Offices of Certified Public Accountants | 6 | $469,167 | 10.1% |
| 10 | Offices of Chiropractors | 2 | $381,350 | 9.1% |
| 10 | Offices of Dentists | 6 | $485,217 | 9.6% |
| 8 | Offices of Lawyers | 16 | $523,169 | 10.8% |
| 11 | Offices of Mental Health Practitioners (except Physicians) | 2 | $184,750 | 12.0% |
| 4 | Offices of Optometrists | 3 | $172,333 | 10.4% |
| 13 | Offices of Physicians (except Mental Health Specialists) | 8 | $798,938 | 9.4% |
| 4 | Offices of Physicians, Mental Health Specialists | 2 | $325,000 | 11.8% |
| 9 | Other Accounting Services | 10 | $381,800 | 9.8% |
| 2 | Other Activities Related to Real Estate | 2 | $325,000 | 10.7% |
| 3 | Other Building Equipment Contractors | 2 | $1,121,000 | 8.4% |
| 5 | Other Building Material Dealers | 2 | $1,170,950 | 10.1% |
| 10 | Other Computer Related Services | 4 | $673,750 | 11.3% |
| 1 | Other Construction Material Merchant Wholesalers | 6 | $1,999,067 | 9.5% |
| 3 | Other Miscellaneous Durable Goods Merchant Wholesalers | 2 | $325,000 | 9.5% |
| 2 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 5 | $920,000 | 10.4% |
| 12 | Other Personal Care Services | 3 | $1,048,000 | 10.1% |
| 2 | Other Services Related to Advertising | 2 | $41,400 | 12.4% |
| 7 | Other Services to Buildings and Dwellings | 6 | $853,617 | 9.4% |
| 2 | Outdoor Power Equipment Retailers | 2 | $974,200 | 9.5% |
| 1 | Paint, Varnish, and Supplies Merchant Wholesalers | 8 | $475,000 | 11.5% |
| 9 | Pet Care (except Veterinary) Services | 3 | $219,833 | 10.1% |
| 14 | Plumbing, Heating, and Air-Conditioning Contractors | 17 | $771,176 | 10.3% |
| 2 | Portfolio Management and Investment Advice | 2 | $500,000 | 9.3% |
| 1 | Professional Employer Organizations | 2 | $181,000 | 10.8% |
| 2 | Recyclable Material Merchant Wholesalers | 5 | $91,720 | 11.6% |
| 4 | Remediation Services | 2 | $159,000 | 10.3% |
| 14 | Residential Remodelers | 7 | $540,986 | 10.1% |
| 6 | Roofing Contractors | 9 | $443,167 | 11.7% |
| 3 | Sign Manufacturing | 9 | $615,711 | 9.5% |
| 6 | Site Preparation Contractors | 2 | $993,500 | 9.4% |
| 15 | Snack and Nonalcoholic Beverage Bars | 7 | $549,686 | 9.8% |
| 2 | Software Publishers | 2 | $2,500,000 | 9.8% |
| 4 | Sporting Goods Retailers | 5 | $137,600 | 11.0% |
| 5 | Sports and Recreation Instruction | 2 | $302,500 | 10.0% |
| 6 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 3 | $1,081,333 | 8.9% |
| 1 | Surgical and Medical Instrument Manufacturing | 3 | $818,400 | 10.6% |
| 7 | Tax Preparation Services | 2 | $2,667,500 | 10.4% |
| 1 | Tire and Tube Merchant Wholesalers | 4 | $850,000 | 10.5% |
| 7 | Vending Machine Operators | 2 | $150,000 | 10.3% |
| 4 | Wholesale Trade Agents and Brokers | 6 | $1,083,633 | 8.8% |
| 1 | Wired Telecommunications Carriers | 2 | $250,000 | 11.0% |
| 1 | Wood Container and Pallet Manufacturing | 2 | $962,100 | 10.1% |
Finding the right SBA lender in Dallas doesn’t have to be complicated. Whether you’re looking for local lenders or exploring nationwide SBA financing options, we make the process simple. Let us connect you with top SBA lenders who can provide the best loan terms for your business. Click the “Find SBA Lenders” button below to get started!
Top SBA Lenders in Dallas | Dallas SBA Loans
Introduction
Dallas is home to a booming small business sector, fueling job creation and economic growth in one of the fastest-growing metropolitan areas in the country. However, securing capital remains a challenge for many entrepreneurs. The U.S. Small Business Administration (SBA) loan program offers a powerful solution, providing Dallas-based businesses with accessible funding, competitive interest rates, and flexible repayment terms. Whether you need financing to expand, purchase equipment, or refinance debt, SBA loans are an essential resource for small businesses.
SBA Lending in Dallas: Last Year Overview
SBA loans have played a significant role in supporting Dallas small businesses. Based on SBA loan data, here’s an overview of key lending statistics:
- Total SBA Loans Issued: $226,563,200
- Number of SBA Loans: 343
- Average Loan Amount: $660,534.11
- Average Interest Rate: 10.85%
- Jobs Supported: 3,830
- SBAlenders.com City Ranking: #6 in the U.S.
These figures highlight the major role SBA loans play in fueling business growth and job creation in Dallas.
Why Lenders Choose Us
Lenders work with us because we make the SBA loan process simple and efficient, 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 top SBA lenders in Dallas, increasing their chances of approval.
- Efficient Loan Application Process: Our streamlined system ensures fast and hassle-free loan approvals.
- Expert Guidance: Our experienced team helps businesses navigate SBA loan requirements, ensuring they qualify for the best terms.
- Tailored Loan Matching: We analyze each business’s needs to pair them with the most suitable lender.
- Proven Success: We’ve helped thousands of entrepreneurs secure SBA funding, expand their businesses, and create jobs.
By working with us, lenders can confidently support small businesses while mitigating risk and ensuring successful lending outcomes.
Overview of SBA Loan Program in Dallas
The SBA 7(a) loan program is the most popular and flexible SBA loan, catering to various business needs. Here are key aspects of the SBA loan program:
- 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 the SBA lender within the SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment, 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 provide financing solutions for businesses that may not qualify under traditional commercial lending standards, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners looking for SBA loans in nearby Texas cities may explore lending opportunities in these areas:
Arlington, Carrollton, Denton, Euless, Fort Worth, Garland, Grand Prairie, Irving, Lewisville, McKinney, Mesquite, Plano, Richardson, The Colony, and Wylie Texas.
Resources for Small Businesses in Dallas
Small businesses in Dallas can take advantage of various resources for financial and operational support:
- Dallas SBA District Office – Provides guidance on SBA loan programs and application processes.
- SCORE Dallas – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services to help businesses grow.
- Dallas Chamber of Commerce – Connects small businesses with networking and funding opportunities.
Summary
SBA loans have become an essential financial tool for small businesses in Dallas, providing accessible funding to help them grow and create jobs. With competitive interest rates, flexible repayment terms, and strong local business support, securing an SBA loan can be a game-changer for entrepreneurs. If you’re a business owner looking for funding, exploring SBA loan options could be the key to your success in Dallas.