Texas holds a population of over 28 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 2019, Texas SBA loan providers funded 3,730 businesses for total Texas SBA loan volume of over $2.53 billion.  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 Live Oak, BBVA, Wells Fargo, Plains State, Celtic Bank, JPMorgan Chase, Wallis Bank, Veritex Community, Seacoast Commerce, and CapitalOne. These ten lenders have funded 1,178 businesses with a loan volume of $829.0 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 2020 GoSBA Lenders in Texas:

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Live Oak Banking Company	105	$145,864,000
2	BBVA USA	129	$121,352,500
3	Wells Fargo Bank, National Association	415	$115,984,700
4	Plains State Bank	37	$74,520,600
5	Celtic Bank Corporation	80	$72,915,600
6	JPMorgan Chase Bank, National Association	243	$69,146,500
7	Wallis Bank	57	$64,217,000
8	Veritex Community Bank	35	$56,148,600
9	Seacoast Commerce Bank	36	$55,122,600
10	Capital One, National Association	41	$53,753,400
11	Midwest Regional Bank	95	$51,096,600
12	Metro City Bank	17	$50,620,000
13	Frost Bank	98	$47,437,600
14	Texas Capital Bank, National Association	27	$45,158,900
15	Stearns Bank National Association	129	$43,364,000
16	Commonwealth Business Bank	28	$36,973,000
17	Allegiance Bank	31	$36,625,900
18	Newtek Small Business Finance, Inc.	64	$33,145,100
19	PlainsCapital Bank	29	$31,035,500
20	Zions Bank, A Division of	61	$29,045,900
21	First Home Bank	120	$28,899,000
22	Spirit of Texas Bank, SSB	72	$28,554,900
23	Comerica Bank	69	$28,161,100
24	Byline Bank	21	$28,013,600
25	Independent Bank	39	$26,516,000
26	BankUnited, National Association	18	$23,649,000
27	BancorpSouth Bank	33	$23,316,600
28	US Metro Bank	12	$22,995,000
29	Third Coast Bank SSB	17	$22,313,000
30	Readycap Lending, LLC	17	$21,365,800
31	Southwestern National Bank	13	$20,940,400
32	Regions Bank	25	$20,702,800
33	First Financial Bank	10	$20,446,000
34	Pacific City Bank	20	$19,108,000
35	Pioneer Bank, SSB	19	$19,063,300
36	Bank of Hope	51	$18,726,000
37	Bank of America, National Association	34	$18,114,300
38	Texas Gulf Bank, National Association	6	$16,505,800
39	First United Bank and Trust Company	26	$16,482,400
40	First IC Bank	12	$16,298,000
41	Open Bank	13	$16,291,500
42	United Community Bank	19	$15,990,000
43	IncredibleBank	9	$15,397,500
44	Pacific Premier Bank	8	$15,279,700
45	PromiseOne Bank	10	$15,043,000
46	CommunityBank of Texas, National Association	17	$14,572,100
47	Spectra Bank	8	$14,436,200
48	First Commonwealth Bank	14	$14,367,100
49	Affiliated Bank, National Association	15	$14,346,400
50	Cadence Bank, National Association	19	$14,325,300

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