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A note about these Texas SBA lenders – People frequently ask us if one of the banks above is 1) on the Texas preferred lender list 2) an approved lender in Texas, or 3) participating in the Texas SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Texas and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Texas. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We provide business loan activity for borrowers by state, as well as the major Texas metro markets of Austin, Dallas & Fort Worth, El Paso, Houston, and San Antonio.
We would be remissed if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.
Most active SBA lenders in Texas
| TX Rank | Texas Bank | Bank HQs | # of TX Loans | Avg Interest | Avg Texas Loan |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank | De Graff, OH | 330 | 5.9% | $332,284 |
| 2 | Wells Fargo | Sioux Falls, SD | 255 | 7.6% | $236,521 |
| 3 | PNC Bank | Wilmington, DE | 200 | 7.7% | $554,152 |
| 4 | Live Oak | Wilmington, NC | 166 | 5.3% | $1,571,260 |
| 5 | Comerica Bank | Dallas, TX | 113 | 4.8% | $580,128 |
| 6 | Newtek Small Business Finance | Lake Success, NY | 108 | 6.0% | $782,458 |
| 7 | Frost Bank | San Antonio, TX | 101 | 5.3% | $858,416 |
| 8 | BancorpSouth Bank | Tupelo, MS | 96 | 5.4% | $620,348 |
| 9 | Celtic Bank | Salt Lake City, UT | 62 | 5.6% | $1,864,452 |
| 10 | Independent Bank | Mckinney, TX | 58 | 4.4% | $922,173 |
| 11 | JPMorgan Chase Bank | Columbus, OH | 55 | 5.7% | $367,702 |
| 12 | Bank of Hope | Los Angeles, CA | 54 | 4.9% | $669,209 |
| 13 | Veritex Community Bank | Dallas, TX | 52 | 4.7% | $1,607,462 |
| 14 | First IC Bank | Doraville, GA | 51 | 4.5% | $1,390,755 |
| 15 | The American National Bank of Texas | Terrell, TX | 47 | 4.9% | $699,960 |
| 16 | Citizens Bank | Elizabethton, TN | 45 | 5.7% | $784,928 |
| 17 | Byline Bank | Chicago, IL | 44 | 5.9% | $1,539,477 |
| 18 | Readycap Lending, LLC | Berkeley Heights, NJ | 44 | 5.3% | $1,581,886 |
| 19 | Plains State Bank | Humble, TX | 43 | 5.1% | $2,159,442 |
| 20 | First Home Bank | Saint Petersburg, FL | 42 | 5.6% | $408,429 |
Here are the top 50 industries in Texas (based on small business loan volume from last year) so you can get a sense of what you may expect for your business in terms of interest rate:
| Rank | Texas Small Business Description | # of Loans | Avg Loan | Avg Rate |
|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 1,010 | 2,164,891 | 5.8% |
| 2 | Gasoline Stations with Convenience Stores | 1,194 | 1,121,227 | 5.9% |
| 3 | Child Day Care Services | 900 | 1,335,498 | 6.0% |
| 4 | Full-Service Restaurants | 2,001 | 449,649 | 6.6% |
| 5 | Limited-Service Restaurants | 1,755 | 380,409 | 6.4% |
| 6 | Offices of Dentists | 1,086 | 599,568 | 6.1% |
| 7 | Car Washes | 372 | 1,519,374 | 6.0% |
| 8 | Offices of Physicians (except Mental Health Specialists) | 1,000 | 464,976 | 6.4% |
| 9 | Veterinary Services | 382 | 967,787 | 5.7% |
| 10 | Broilers and Other Meat Type | 238 | 1,204,158 | 6.6% |
| 11 | Fitness and Recreational Sports Centers | 717 | 388,140 | 6.7% |
| 12 | General Automotive Repair | 675 | 401,479 | 6.8% |
| 13 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 196 | 1,131,991 | 5.7% |
| 14 | Pharmacies and Drug Stores | 325 | 613,998 | 6.2% |
| 15 | All Other Amusement and Recreation Industries | 236 | 820,232 | 6.8% |
| 16 | Drycleaning and Laundry Services (except Coin-Operated) | 287 | 640,597 | 6.3% |
| 17 | Insurance Agencies and Brokerages | 430 | 414,271 | 6.7% |
| 18 | Lessors of Miniwarehouses and Self-Storage Units | 117 | 1,514,218 | 5.9% |
| 19 | Support Activities for Oil and Gas Operations | 243 | 680,342 | 6.7% |
| 20 | Beauty Salons | 765 | 199,650 | 6.9% |
| 21 | Automotive Oil Change and Lubrication Shops | 164 | 891,630 | 5.9% |
| 22 | Pet Care (except Veterinary) Services | 244 | 530,583 | 6.7% |
| 23 | Plumbing, Heating, and Air-Conditioning Contractors | 501 | 256,924 | 7.1% |
| 24 | Home Health Care Services | 473 | 265,837 | 7.0% |
| 25 | All Other Specialty Trade Contractors | 433 | 280,720 | 7.0% |
| 26 | Funeral Homes and Funeral Services | 124 | 951,251 | 6.0% |
| 27 | Other Personal Care Services | 339 | 345,380 | 6.4% |
| 28 | Offices of Lawyers | 433 | 266,407 | 6.9% |
| 29 | Supermarkets and Other Grocery (except Convenience) Stores | 143 | 799,296 | 6.6% |
| 30 | All Other Professional, Scientific, and Technical Services | 285 | 399,475 | 6.7% |
| 31 | Snack and Nonalcoholic Beverage Bars | 468 | 242,747 | 6.7% |
| 32 | Offices of Optometrists | 226 | 498,472 | 6.2% |
| 33 | Machine Shops | 153 | 709,841 | 6.2% |
| 34 | Drinking Places (Alcoholic Beverages) | 216 | 479,905 | 6.9% |
| 35 | Sports and Recreation Instruction | 188 | 541,810 | 6.5% |
| 36 | Coin-Operated Laundries and Drycleaners | 187 | 524,046 | 6.3% |
| 37 | Offices of Certified Public Accountants | 305 | 318,577 | 6.7% |
| 38 | Convenience Stores | 224 | 433,205 | 6.5% |
| 39 | Commercial and Institutional Building Construction | 312 | 296,348 | 7.2% |
| 40 | Freestanding Ambulatory Surgical and Emergency Centers | 76 | 1,206,355 | 5.6% |
| 41 | Electrical Contractors | 351 | 254,006 | 7.3% |
| 42 | Homes for the Elderly | 72 | 1,219,318 | 6.3% |
| 43 | RV (Recreational Vehicle) Parks and Campgrounds | 61 | 1,431,105 | 6.1% |
| 44 | Other Miscellaneous Durable Goods Merchant Wholesalers | 153 | 568,712 | 6.4% |
| 45 | Beer, Wine, and Liquor Stores | 221 | 388,245 | 6.8% |
| 46 | Engineering Services | 243 | 346,835 | 6.8% |
| 47 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 243 | 332,287 | 7.0% |
| 48 | All Other Personal Services | 326 | 247,563 | 7.1% |
| 49 | Elementary and Secondary Schools | 64 | 1,210,503 | 6.0% |
| 50 | Custom Computer Programming Services | 224 | 335,464 | 7.0% |