Best SBA Lenders in Prosper, TX (2026)
2025 FOIA data: top lenders, rates & industries for Prosper SBA loans
SBA Loans in Prosper, Texas
Looking for an SBA loan in Prosper, Texas? Based on 2025 FOIA data, 35 SBA 7(a) loans were funded in Prosper totaling $20.5M, supporting an estimated 614 jobs. With 19 active lenders competing for business in the Prosper market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Prosper is $585K at an average rate of 10.44%. The top lender in Prosper is First Bank of the Lake, with the most-funded industry being Veterinary Services. See all Texas SBA lenders for statewide rankings.
SBA Loans in Prosper by Business Type
Whether you’re starting a new business in Prosper, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 34% of SBA loans in Prosper (15 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 0% (0 loans) — if you’re looking to buy a business in Prosper, this is a proven use case for SBA financing. Existing businesses make up 32% and typically receive the most favorable terms.
Top SBA Lenders in Prosper, TX (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Prosper businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | First Bank of the Lake | $5.0M | 1 | 7.5% |
| 2 | Capital One, National Association | $3.0M | 1 | 7.5% |
| 3 | American Pride Bank | $2.5M | 1 | 9% |
| 4 | JPMorgan Chase Bank, National Association | $1.8M | 4 | 10.97% |
| 5 | Newtek Bank, National Association | $1.3M | 6 | 10.67% |
| 6 | Northeast Bank | $970K | 6 | 11.58% |
| 7 | Readycap Lending, LLC | $850K | 1 | 10.25% |
| 8 | Colony Bank | $700K | 1 | 9.75% |
| 9 | The Huntington National Bank | $662K | 4 | 10.5% |
| 10 | ConnectOne Bank | $640K | 1 | 10% |
The top lenders in Prosper have direct experience with local businesses and understand the Prosper 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 Prosper 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 Prosper
One 5-minute application. 19+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Prosper
These are the industries that received the most SBA 7(a) funding in Prosper 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 |
|---|---|---|
| Veterinary Services | 1 | $5.0M |
| Limited-Service Restaurants | 4 | $3.9M |
| Pet Care (except Veterinary) Services | 1 | $2.5M |
| Offices of Mental Health Practitioners (except Physicians) | 2 | $1.5M |
| Other Personal Care Services | 3 | $1.3M |
| Snack and Nonalcoholic Beverage Bars | 3 | $1.0M |
| Offices of Physicians (except Mental Health Specialists) | 1 | $700K |
| Offices of Chiropractors | 1 | $503K |
| General Freight Trucking, Local | 1 | $500K |
| Administrative Management and General Management Consulting Services | 1 | $500K |
Lenders with experience funding your specific industry in Prosper 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 Prosper
Option 1: Apply directly to one of the top Prosper 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 Prosper-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.
