San Antonio is consistently ranked as one of the best cities in the US to start a small business. However doing that requires capital and fortunately, a great resource exists in the form of SBA San Antonio loans. These small business loans in San Antonio enable entrepreneurs to bring their ideas to life and put them on the path to success.
A San Antonio SBA loan can be used to fulfill working capital requirements, acquire new facilities, finance equipment purchases, and more. The 7(a) is the most popular of SBA loan programs with financing of up to $5 million on offer. The SBA 504 program is another popular route to obtain a small business loan in San Antonio.
It’s easier for businesses to qualify for a San Antonio SBA loan while the terms are also much more flexible compared to a conventional business loan. That’s largely due to the SBA providing a guarantee for the loan as that significantly reduces the risk for the lender. These are the best SBA lenders in San Antonio based on recent loan activity:
|Rank||Dallas Lender||Headquarters||# Loans||Avg Loan||Avg Interest|
|1||Citizens Bank||Elizabethton, TN||56||$909,657||5.4%|
|2||PNC Bank||Wilmington, DE||15||$262,067||9.5%|
|3||Comerica Bank||Dallas, TX||13||$443,615||4.7%|
|4||Enterprise Bank & Trust||Clayton, MO||11||$1,516,555||4.8%|
|5||Live Oak||Wilmington, NC||9||$1,534,444||5.4%|
|6||Wells Fargo||Sioux Falls, SD||9||$167,233||7.6%|
Don’t forget: Searching for just “business loans near me” or “SBA lenders near me” won’t get you the right results. There may be SBA lenders outside San Antonio that can offer you a better deal! At SbaLenders.com, we strive to connect you to the right local and nationwide SBA lenders so that your business can secure the best possible deal.