Connect me to an El Paso lender!
Small business loans in El Paso are available from many SBA lenders. Here are the most active El Paso SBA lenders:
Top SBA Lenders in El Paso
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 24 | $416,250 | 10.7% |
| 2 | Wells Fargo | Sioux Falls, SD | 17 | $533,224 | 11.2% |
| 3 | Northeast Bank | Lewiston, ME | 13 | $186,300 | 10.9% |
| 4 | Readycap Lending, LLC | Berkeley Heights, NJ | 12 | $401,775 | 13.0% |
| 5 | WestStar Bank | El Paso, TX | 10 | $319,830 | 8.6% |
| 6 | Huntington Bank | Columbus, OH | 9 | $615,300 | 10.2% |
| 7 | JPMorgan Chase Bank | Columbus, OH | 8 | $695,838 | 10.9% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 8 | $126,075 | 12.8% |
| 9 | Live Oak | Wilmington, NC | 6 | $584,000 | 9.7% |
| 10 | PeopleFund | Austin, TX | 6 | $174,150 | 11.8% |
| 11 | United Midwest Savings Bank | De Graff, OH | 6 | $150,000 | 10.3% |
| 12 | LiftFund | San Antonio, TX | 5 | $130,000 | 11.7% |
| 13 | First American Bank | Artesia, NM | 4 | $904,700 | 8.8% |
| 14 | First Internet Bank of Indiana | Fishers, IN | 4 | $841,500 | 10.3% |
| 15 | GECU | El Paso, TX | 4 | $247,975 | 7.7% |
| 16 | CDC Small Business Finance | San Diego, CA | 4 | $90,000 | 12.5% |
| 17 | First Savings Bank | Beresford, SD | 3 | $889,300 | 8.3% |
| 18 | Celtic Bank | Salt Lake City, UT | 3 | $355,000 | 9.9% |
| 19 | CenTrust Bank | Northbrook, IL | 3 | $216,667 | 11.0% |
| 20 | Pathward | Sioux Falls, SD | 2 | $1,977,900 | 10.1% |
Top Industries for SBA Loans in El Paso
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 12 | Administrative Management and General Management Consulting Services | 3 | $216,667 | 9.8% |
| 7 | Advertising Agencies | 2 | $769,450 | 9.6% |
| 6 | All Other General Merchandise Retailers | 2 | $425,000 | 8.9% |
| 1 | Building Inspection Services | 2 | $678,000 | 10.3% |
| 14 | Electrical Contractors and Other Wiring Installation Contractors | 2 | $1,005,000 | 10.3% |
| 1 | Environmental Consulting Services | 2 | $175,000 | 11.5% |
| 2 | Flight Training | 8 | $100,000 | 11.5% |
| 19 | Full-Service Restaurants | 9 | $714,989 | 9.3% |
| 13 | General Automotive Repair | 5 | $288,000 | 10.2% |
| 14 | Home Health Care Services | 3 | $233,333 | 11.0% |
| 16 | Insurance Agencies and Brokerages | 6 | $319,667 | 10.9% |
| 11 | Offices of Lawyers | 2 | $325,000 | 6.3% |
| 7 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | $235,050 | 10.4% |
| 15 | Offices of Physicians (except Mental Health Specialists) | 4 | $103,750 | 11.6% |
| 5 | Offices of Physicians, Mental Health Specialists | 2 | $125,000 | 6.5% |
| 11 | Other Accounting Services | 2 | $170,000 | 10.4% |
| 1 | Other Direct Insurance (except Life, Health, and Medical) Carriers | 4 | $300,000 | 9.8% |
| 14 | Other Personal Care Services | 4 | $225,000 | 10.5% |
| 8 | Other Services to Buildings and Dwellings | 2 | $150,000 | 9.8% |
| 17 | Plumbing, Heating, and Air-Conditioning Contractors | 2 | $288,450 | 12.1% |
| 4 | Security Guards and Patrol Services | 4 | $350,000 | 9.8% |
| 5 | Security Systems Services (except Locksmiths) | 4 | $280,000 | 9.8% |
| 7 | Services for the Elderly and Persons with Disabilities | 4 | $180,000 | 10.5% |
| 7 | Used Car Dealers | 6 | $158,333 | 11.1% |
| 4 | Veterinary Services | 2 | $1,163,000 | 8.2% |
| 2 | Window Treatment Retailers | 4 | $350,000 | 10.5% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for El Paso SBA loans are not local but national SBA preferred lenders. We can connect you today with local or national SBA banks ready to discuss business loans with you.