Best SBA Lenders in Richardson, TX (2026)
2025 FOIA data: top lenders, rates & industries for Richardson SBA loans
SBA Loans in Richardson, Texas
Looking for an SBA loan in Richardson, Texas? Based on 2025 FOIA data, 36 SBA 7(a) loans were funded in Richardson totaling $26.0M, supporting an estimated 626 jobs. With 22 active lenders competing for business in the Richardson market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Richardson is $721K at an average rate of 10%. The top lender in Richardson is Regions Bank, with the most-funded industry being Offices of Dentists. See all Texas SBA lenders for statewide rankings.
SBA Loans in Richardson by Business Type
Whether you’re starting a new business in Richardson, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 6% of SBA loans in Richardson (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 13% (5 loans) — if you’re looking to buy a business in Richardson, this is a proven use case for SBA financing. Existing businesses make up 40% and typically receive the most favorable terms.
Top SBA Lenders in Richardson, TX (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Richardson businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Regions Bank | $4.7M | 1 | 7.45% |
| 2 | The Huntington National Bank | $4.0M | 6 | 10.04% |
| 3 | First Internet Bank of Indiana | $2.8M | 2 | 10.25% |
| 4 | Bank of America, National Association | $2.0M | 2 | 6.33% |
| 5 | Harvest Small Business Finance, LLC | $1.7M | 1 | 10.5% |
| 6 | Gulf Coast Bank and Trust Company | $1.5M | 2 | 11.25% |
| 7 | Wells Fargo Bank National Association | $1.3M | 1 | 8.55% |
| 8 | Cadence Bank | $1.2M | 1 | 10.25% |
| 9 | Newtek Bank, National Association | $1.1M | 3 | 10.67% |
| 10 | Readycap Lending, LLC | $1.0M | 4 | 10.31% |
The top lenders in Richardson have direct experience with local businesses and understand the Richardson 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 Richardson 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 Richardson
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Richardson
These are the industries that received the most SBA 7(a) funding in Richardson 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 |
|---|---|---|
| Offices of Dentists | 1 | $4.7M |
| All Other Specialty Trade Contractors | 2 | $2.9M |
| Advertising Agencies | 2 | $2.8M |
| Motion Picture and Video Production | 3 | $1.7M |
| Full-Service Restaurants | 4 | $1.7M |
| Commercial Screen Printing | 1 | $1.3M |
| Limited-Service Restaurants | 1 | $1.2M |
| Cable Networks | 1 | $985K |
| Other Electronic Parts and Equipment Merchant Wholesalers | 1 | $700K |
| Commercial Photography | 2 | $604K |
Lenders with experience funding your specific industry in Richardson 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 Richardson
Option 1: Apply directly to one of the top Richardson 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 Richardson-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.
