GoSBA’s Top 50 Texas SBA Lenders in 2024
Overview of SBA Loans in Texas
Texas, with a population of over 30 million people, contributes approximately 8.4% of the total population of the United States. If Texas were an independent country, it would rank as the 13th largest economy in the world by GDP. The state is primarily known for its robust oil industry, as well as its wind power development—being the largest producer of wind power in America.
Popular industries in Texas include hotels, child daycare services, gas stations, car washes, and restaurants. In FY 2023, Texas SBA loan providers funded 4,450 businesses, with a total loan volume of $2.7 billion. The state also boasts a growing number of female business owners, with nearly one million businesses owned and operated by women.
Finding the Best Texas SBA Loans
Finding the best and most affordable business loans can be challenging, but we make it easier by comparing all the top SBA lenders in Texas for you. GoSBA Loans helps businesses secure the financing they need to thrive—whether for purchasing equipment, refinancing high-interest loans, buying commercial property, or financing building improvements. After reading our analysis, click “Apply Now” and let us match you with the best SBA loan providers in Texas.
Challenges in Accessing SBA Loans in Texas
One of the significant challenges that small businesses face is access to affordable financing. The top SBA lenders in Texas include popular financial institutions like Compass Bank, Live Oak Bank, Wells Fargo, Veritex Community Bank, JPMorgan Chase, Wallis Bank, Celtic Bank, Commonwealth Business Bank, Seacoast Commerce Bank, and BancorpSouth. These ten lenders funded 1,123 businesses in Texas, with a combined loan volume of $1.1 billion. However, just because these lenders are the most popular does not necessarily mean they are the best fit for every business type or size. Many small businesses may find better success with specialized SBA lenders.
How GoSBA Loans Helps Texas Small Businesses
At GoSBA Loans, we understand the struggle of finding the best and most affordable SBA loans for your business. Our unique approach circulates your loan application to 33 of the top 100 SBA lenders in Texas, increasing your chances of approval. We make lending for small businesses easier, faster, and more affordable. Below is our official ranking for the top 50 Texas SBA lenders in 2024.
Top 50 Texas SBA Lenders in 2024
Bank Name |
Amount Funded |
Loans Funded |
|---|---|---|
| Bank of America, National Association | $39,997,100 | 87 |
| Comerica Bank | $39,653,800 | 56 |
| BayFirst National Bank | $35,422,900 | 238 |
| Cadence Bank | $33,488,200 | 69 |
| Byline Bank | $31,684,000 | 23 |
| Bank of Hope | $29,495,400 | 27 |
| Celtic Bank Corporation | $27,905,500 | 65 |
| Bank Five Nine | $22,895,300 | 19 |
| Berkshire Bank | $20,331,000 | 11 |
| Citizens Bank | $16,995,400 | 20 |
| Colony Bank | $11,817,100 | 32 |
| American Momentum Bank | $11,711,200 | 11 |
| b1BANK | $10,800,000 | 10 |
| Capital One, National Association | $10,753,400 | 13 |
| Bank of the Orient | $8,610,000 | 4 |
| Broadway National Bank | $7,547,200 | 11 |
| Bank OZK | $6,059,800 | 4 |
| Amerant Bank, National Association | $5,934,600 | 6 |
| Centennial Bank | $5,050,000 | 2 |
| City National Bank | $4,920,000 | 3 |
| Commonwealth Business Bank | $4,638,000 | 9 |
| Bank of the West | $4,207,000 | 4 |
| BOKF, National Association | $4,198,400 | 5 |
| Centerstone SBA Lending, Inc. | $3,844,000 | 2 |
| Capital Certified Development Corporation | $3,724,900 | 16 |
| Banc of California | $3,613,000 | 1 |
| CDC Small Business Finance Corporation | $3,311,800 | 20 |
| American Bank, National Association | $3,297,500 | 4 |
| BMO Bank National Association | $3,220,000 | 1 |
| Bank of Ann Arbor | $3,053,200 | 1 |
| American Continental Bank | $2,970,000 | 5 |
| American Bank of Commerce | $2,234,900 | 6 |
| Ameris Bank | $2,033,100 | 1 |
| Commercial Bank of Texas, N.A. | $2,014,400 | 4 |
| Bankwell Bank | $1,840,000 | 1 |
| City National Bank of Florida | $1,250,000 | 3 |
| Citizens National Bank of Texas | $1,193,900 | 1 |
| Bank of Clarke | $1,021,000 | 1 |
| 1st Financial Bank USA | $1,000,000 | 1 |
| Capital Bank, National Association | $1,000,000 | 1 |
| American National Bank & Trust | $712,000 | 2 |
| CIBC Bank USA | $593,500 | 2 |
| Century Bank | $475,000 | 1 |
| Armstrong Bank | $460,000 | 1 |
| Ciera Bank | $325,000 | 1 |
| Coastal States Bank | $276,500 | 1 |
| City & County CU | $192,800 | 1 |
| 1st Community FCU | $104,000 | 1 |
| Associated CU of Texas | $88,300 | 1 |
| Capital Bank | $85,000 | 1 |
Leading Texas SBA Lenders by Loan Volume
Analyzing the table above, Bank of America, National Association leads the way in Texas with the highest loan volume, funding over $39.9 million across 87 loans. This positions Bank of America as a strong choice for businesses looking for substantial financing in Texas.
Top SBA Lenders by Number of Loans Funded
When it comes to the number of loans funded, BayFirst National Bank takes the lead with 238 loans totaling over $35.4 million. This makes BayFirst National Bank highly active in the SBA lending market, making it a reliable choice for small business owners seeking an experienced lender.
Other Notable SBA Lenders in Texas
Cadence Bank and Celtic Bank Corporation are also significant players in the Texas SBA lending scene. Cadence Bank funded 69 loans totaling $33.4 million, while Celtic Bank Corporation funded 65 loans with a loan volume of $27.9 million. These banks are ideal for small business owners seeking moderate-sized loans from established lenders.
For businesses looking for smaller loans, institutions like Citizens Bank, American Bank of Commerce, and Broadway National Bank provide various options. Their focus on smaller loan amounts makes them suitable for startups and small businesses needing accessible financing.
Why Choose GoSBA Loans for SBA Loans in Texas?
Partnering with GoSBA Loans provides applicants with access to a wide array of SBA lenders in Texas. We help match you with the lender that suits your business needs, taking into account loan amounts, approval criteria, and loan terms. By working with us, you’ll gain access to a network of lenders, ensuring that your application reaches the right banks at the right time, ultimately increasing your likelihood of success.
Benefits of SBA Loans for Texas Small Businesses
Whether you’re a new startup or an established small business, securing an SBA loan can help you expand operations, purchase equipment, or boost working capital. Texas’s diverse economic base and thriving entrepreneurial ecosystem provide a unique opportunity for small business owners to succeed, and we’re here to help you every step of the way.
Ready to Apply for an SBA Loan in Texas?
If you’re ready to find the best SBA lenders in Texas, contact us to begin your journey. Our team at GoSBA Loans is committed to helping your small business secure the financing it needs to grow and thrive in 2024 and beyond.
