Texas holds a population of 2.5 million people that contributes 8.4% of the whole population in the United States. If Texas were a country on its own, it would be ranked as the 13th highest GDP in the world. It must have been because of their oil industry that Texas is primarily known for, as well as for their wind power development for they are the largest producer of wind power in America.

 

Industries such as hotels, child day care services, gas stations, car washes, and restaurants are rising as popular businesses in Texas. In FY 2018, Texas SBA loan providers funded 4,450 businesses for total Texas SBA loan volume of $2.7 million.  Texas has a growing number of female business owners as well, there are nearly one million businesses in Texas that are owned and operated by women.

 

One of the challenges businesses face is access to affordable financing. The ten most popular lenders signing SBA-backed loans in Texas are Compass Bank, Live Oak, Wells Fargo, Veritex Community, JPMorgan Chase, Wallis Bank, Celtic Bank, Commonwealth Business, Seacoast Commerce, and BancorpSouth. These ten lenders have funded 1,123 businesses with a loan volume of $1.1 million in total. However, just because these ten lenders are the most popular, it doesn’t mean they are the right lenders for your industry and your business size. After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in Texas.

 

Here at GoSBA Loans, we understand the struggle of finding the best and cheapest business loan for your business. We are best at accommodating businesses looking for capital, purchasing equipment, refinancing high-interest loans, and those who are interested in buying commercial property or financing building improvements. We make lending loans for small businesses to have an easier, faster, and more affordable process.

 

We are proud to announce the top 50 2019 GoSBA Lenders in Texas:

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Compass Bank	449	$174,119,900
2	Live Oak Banking Company	82	$128,711,000
3	Wells Fargo Bank, National Association	517	$125,333,100
4	Veritex Community Bank	517	$120,958,700
5	JPMorgan Chase Bank, National Association	371	$110,042,000
6	Wallis Bank	82	$79,211,300
7	Celtic Bank Corporation	101	$77,475,100
8	Commonwealth Business Bank	45	$76,381,400
9	Seacoast Commerce Bank	74	$58,389,500
10	BancorpSouth Bank	74	$58,389,500
11	Newtek Small Business Finance, Inc.	53	$48,446,035
12	Allegiance Bank	34	$47,819,571
13	Texas Capital Bank, National Association	26	$42,600,100
14	Spirit of Texas Bank, SSB	123	$41,167,300
15	Independent Bank	48	$39,521,000
16	Frost Bank	95	$37,942,400
17	Bank of Hope	44	$37,829,500
18	First Financial Bank	21	$37,127,500
19	Pioneer Bank SSB	30	$37,090,300
20	Plains State Bank	23	$36,341,400
21	BankUnited, National Association	24	$34,199,900
22	Midwest Regional Bank	60	$32,858,500
23	Comerica Bank	74	$32,640,200
24	Metro City Bank	15	$31,297,500
25	Stearns Bank National Association	82	$29,455,800
26	Capital One, National Association	31	$29,100,400
27	Amarillo National Bank	23	$26,267,600
28	Byline Bank	13	$24,779,800
29	Regions Bank	24	$23,742,300
30	Citizens Banl	19	$22,666,900
31	United Community Bank	29	$21,953,000
32	Zions Bank, A Division of Zions Bancorporation, N.A.	96	$21,884,400
33	Pacific Premier Bank	7	$21,446,000
34	First Bank	26	$20,336,700
35	Texas Citizens Bank, National Association	33	$20,010,000
36	First Home Bank	69	$19,806,000
37	United Midwest Savings Bank, National Association	83	$19,538,200
38	US Metro Bank	8	$18,838,000
39	One World Bank	11	$18,695,600
40	Harvest Small Business Finance, LLC	6	$18,299,100
41	PlainsCapital Bank	22	$18,299,100
42	NOA Bank	17	$18,280,000
43	Open Bank	12	$18,097,000
44	First Financial Bank, National Association	30	$18,073,700
45	Texan Bank, National Association	11	$18,060,700
46	Independence Bank	153	$17,515,700
47	Bank of America, National Association	20	$16,661,600
48	Bank of the West	12	$16,591,100
49	Readycap Lending, LLC	17	$16,215,600
50	First IC Bank	14	$16,192,000

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Texas.