Best SBA Lenders in Lubbock, TX (2026)
2025 FOIA data: top lenders, rates & industries for Lubbock SBA loans
SBA Loans in Lubbock, Texas
Looking for an SBA loan in Lubbock, Texas? Based on 2025 FOIA data, 55 SBA 7(a) loans were funded in Lubbock totaling $31.9M, supporting an estimated 691 jobs. With 28 active lenders competing for business in the Lubbock market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Lubbock is $581K at an average rate of 10.33%. The top lender in Lubbock is Global One Bank, with the most-funded industry being Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant. See all Texas SBA lenders for statewide rankings.
SBA Loans in Lubbock by Business Type
Whether you’re starting a new business in Lubbock, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 14% of SBA loans in Lubbock (14 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 15% (4 loans) — if you’re looking to buy a business in Lubbock, this is a proven use case for SBA financing. Existing businesses make up 64% and typically receive the most favorable terms.
Top SBA Lenders in Lubbock, TX (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Lubbock businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Global One Bank | $5.0M | 1 | 8.25% |
| 2 | Port 51 Lending LLC | $4.1M | 1 | 9% |
| 3 | Live Oak Banking Company | $3.6M | 3 | 8.36% |
| 4 | Newtek Bank, National Association | $2.7M | 5 | 10.7% |
| 5 | Centerstone SBA Lending, Inc. | $2.2M | 1 | 10.25% |
| 6 | T Bank, National Association | $1.9M | 1 | 9% |
| 7 | Lone Oak Bank National Association | $1.5M | 3 | 9.5% |
| 8 | PlainsCapital Bank | $1.3M | 5 | 10.73% |
| 9 | Readycap Lending, LLC | $1.3M | 5 | 12.5% |
| 10 | City Bank | $1.2M | 2 | 8.75% |
The top lenders in Lubbock have direct experience with local businesses and understand the Lubbock market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Lubbock and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Lubbock
One 5-minute application. 28+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Lubbock
These are the industries that received the most SBA 7(a) funding in Lubbock in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant | 1 | $5.0M |
| Hotels (except Casino Hotels) and Motels | 2 | $4.2M |
| Coin-Operated Laundries and Drycleaners | 4 | $2.5M |
| Offices of Physicians (except Mental Health Specialists) | 2 | $2.1M |
| General Automotive Repair | 1 | $1.9M |
| Landscaping Services | 3 | $1.5M |
| Nonresidential Property Managers | 1 | $1.2M |
| Water Supply and Irrigation Systems | 1 | $1.0M |
| Electrical Contractors | 2 | $1.0M |
| Veterinary Services | 1 | $998K |
Lenders with experience funding your specific industry in Lubbock understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Lubbock
Option 1: Apply directly to one of the top Lubbock lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Lubbock-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
