GoSBA’s 50 Best Houston SBA Loans In 2024
Introduction to Houston SBA Loans
The U.S. Small Business Administration (SBA) Houston District Office serves all the counties in Houston, which have a combined population base of nearly 2 million residents. If this area were a state, it would rank as the 36th most populous state in the Union. This multi-county service area is a major U.S. industrial center, a world hub for the oil and gas industry, and ranks as the second highest city in manufacturing GDP. There is a diverse economic base with global and domestic trade, tourism, biotechnology, and technology. Houston is also home to the largest medical center in the world, the Texas Medical Center, and the U.S. energy headquarters.
Finding the Best Houston SBA Lenders
Finding the best and most affordable business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Houston for you. After reading our analysis, click “Apply Now” to get matched with the best SBA loan providers in Houston.
Overview of Houston SBA Loans in 2024
GoSBA Loans is proud to announce the updated rankings for the 50 Best SBA Banks providing SBA loans in Houston in 2024. Houston SBA loan providers financed 1,191 businesses valued at nearly $852.0 million in FY 2023. Houston SBA loan funding also led nationally in SBA loans made to minority and women-owned businesses.
Challenges in Securing SBA Loans in Houston
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders issuing SBA-backed loans in Houston include larger banks like JPMorgan Chase and Wells Fargo, as well as smaller players such as Celtic Bank and Zions First National Bank. These banks have some of the strictest underwriting criteria, making it challenging for small businesses to qualify. That’s why it’s often beneficial for small businesses to work with smaller and more aggressive SBA lenders in Houston. Applicants who apply for an SBA loan with GoSBA Loans benefit from having their loan applications circulated automatically to 33 of the top 100 Houston SBA lenders.
Top Houston SBA Lenders by Loan Volume and Loan Units Funded
When analyzing the table of the top Houston SBA lenders, Wallis Bank stands out as the top lender by loan volume, funding over $19.9 million across 13 loans. JPMorgan Chase Bank also performed impressively, funding 38 loans with a total value of $7.97 million. BayFirst National Bank matched JPMorgan Chase in the number of loans funded, also issuing 38 loans worth $6.76 million. Newtek Bank, National Association, provided substantial funding as well, issuing 31 loans valued at $12.76 million. These figures show the diversity in lending institutions supporting small businesses in Houston, from national banks to more specialized regional lenders.
GoSBA’s Official Ranking: 50 Best Houston SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the 50 Best Houston SBA Lenders in 2024:
Bank Name |
Amount Funded |
Loans Funded |
|---|---|---|
| Wallis Bank | $19,915,500 | 13 |
| Stellar Bank | $14,677,000 | 7 |
| Live Oak Banking Company | $12,802,000 | 10 |
| Newtek Bank, National Association | $12,756,000 | 31 |
| The Huntington National Bank | $9,877,200 | 28 |
| Frost Bank | $8,981,000 | 12 |
| Berkshire Bank | $8,715,000 | 4 |
| First Bank of the Lake | $8,306,000 | 6 |
| Plains State Bank | $8,056,700 | 3 |
| JPMorgan Chase Bank, National Association | $7,974,600 | 38 |
| Bank of America, National Association | $7,220,800 | 19 |
| Texas Capital Bank | $7,193,000 | 4 |
| BayFirst National Bank | $6,760,400 | 38 |
| GBank | $6,402,600 | 2 |
| VelocitySBA, LLC | $6,164,000 | 3 |
| Veritex Community Bank | $5,339,300 | 5 |
| Colony Bank | $5,278,000 | 3 |
| Comerica Bank | $5,249,800 | 11 |
| Texas Advantage Community Bank, National Association | $5,000,000 | 1 |
| Shoreham Bank | $4,740,000 | 1 |
| American Momentum Bank | $4,568,400 | 2 |
| Zions Bank, A Division of | $4,311,100 | 21 |
| Cadence Bank | $4,120,000 | 9 |
| Bank of Hope | $3,740,000 | 1 |
| PlainsCapital Bank | $3,573,700 | 1 |
| First Internet Bank of Indiana | $3,465,700 | 3 |
| Readycap Lending, LLC | $3,230,400 | 25 |
| The Bancorp Bank National Association | $3,004,700 | 3 |
| MidFirst Bank | $2,762,000 | 2 |
| Pathward National Association | $2,635,000 | 1 |
| City National Bank | $2,555,000 | 1 |
| Wells Fargo Bank, National Association | $2,392,800 | 21 |
| FFB Bank | $2,165,000 | 2 |
| Ameris Bank | $2,033,100 | 1 |
| Regions Bank | $1,670,400 | 4 |
| Amerant Bank, National Association | $1,641,600 | 3 |
| Merchants & Marine Bank | $1,567,100 | 2 |
| SouthState Bank, National Association | $1,525,000 | 5 |
| Independent Bank d/b/a Independent Financial | $1,450,000 | 2 |
| Gulf Coast Bank and Trust Company | $1,211,000 | 1 |
| Hanmi Bank | $1,200,000 | 1 |
| LendingClub Bank, National Association | $1,141,900 | 1 |
| The MINT National Bank | $1,100,000 | 1 |
| First Chatham Bank | $1,086,600 | 1 |
| Lendistry SBLC, LLC | $1,031,700 | 5 |
Find the Right SBA Lender in Houston for Your Business
Whether you’re a new startup or a growing business, securing the right financing is essential. The lenders listed above offer various options to help small businesses succeed in the diverse economy of Houston. Working with an experienced SBA loan broker like GoSBA Loans ensures that your loan application gets in front of the lenders most likely to fund your business.
Apply for an SBA Loan Today
Apply today to get connected with the best SBA lenders in Houston and secure the funding you need to take your business to the next level. The process is simple, and GoSBA Loans will help match you with the right lender based on your unique business needs.
Apply Now to see which SBA lender is the best match for your business needs.
Why Choose GoSBA Loans?
GoSBA Loans is committed to simplifying the SBA loan application process for businesses in Houston. By working with us, you get access to a network of lenders that have a proven track record of supporting small businesses. Whether you’re looking for competitive interest rates, a streamlined approval process, or flexible loan terms, GoSBA Loans is here to help you find the best SBA lender in Houston.
Conclusion
Securing an SBA loan can be the key to unlocking growth opportunities for your business. With the right lender by your side, you can access the capital you need to expand, hire, and innovate. The Houston SBA lenders listed above have demonstrated their commitment to supporting the small business community, making them excellent options for entrepreneurs in the region. Let GoSBA Loans assist you in finding the best SBA lender in Houston for your business today.
