Best SBA Lenders in Waco, TX (2026)
2025 FOIA data: top lenders, rates & industries for Waco SBA loans
SBA Loans in Waco, Texas
Looking for an SBA loan in Waco, Texas? Based on 2025 FOIA data, 25 SBA 7(a) loans were funded in Waco totaling $25.9M, supporting an estimated 237 jobs. With 18 active lenders competing for business in the Waco market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Waco is $1.0M at an average rate of 9.66%. The top lender in Waco is The Huntington National Bank, with the most-funded industry being Supermarkets and Other Grocery (except Convenience) Stores. See all Texas SBA lenders for statewide rankings.
SBA Loans in Waco by Business Type
Whether you’re starting a new business in Waco, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 38% of SBA loans in Waco (8 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 33% (4 loans) — if you’re looking to buy a business in Waco, this is a proven use case for SBA financing. Existing businesses make up 23% and typically receive the most favorable terms.
Top SBA Lenders in Waco, TX (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Waco businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | The Huntington National Bank | $5.0M | 3 | 9.67% |
| 2 | Bank Five Nine | $3.4M | 1 | 9.5% |
| 3 | Enterprise Bank & Trust | $2.6M | 3 | 8.5% |
| 4 | The First National Bank of McGregor d/b/a TFNB Your Bank for | $2.4M | 2 | 10.38% |
| 5 | Global One Bank | $2.3M | 1 | 9.25% |
| 6 | Harvest Small Business Finance, LLC | $2.2M | 1 | 10.5% |
| 7 | The MINT National Bank | $1.9M | 2 | 9.5% |
| 8 | Customers Bank | $1.8M | 1 | 8.5% |
| 9 | Banc of California | $1.0M | 1 | 8% |
| 10 | MidFirst Bank | $935K | 1 | 8% |
The top lenders in Waco have direct experience with local businesses and understand the Waco 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 Waco 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 Waco
One 5-minute application. 18+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Waco
These are the industries that received the most SBA 7(a) funding in Waco 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 |
|---|---|---|
| Supermarkets and Other Grocery (except Convenience) Stores | 1 | $4.7M |
| RV (Recreational Vehicle) Parks and Campgrounds | 1 | $3.4M |
| Full-Service Restaurants | 1 | $2.3M |
| Nail Salons | 1 | $2.2M |
| General Freight Trucking, Long Distance, Truckload | 2 | $1.9M |
| Snack and Nonalcoholic Beverage Bars | 1 | $1.8M |
| Hunting and Trapping | 1 | $490K |
| Sports and Recreation Instruction | 1 | $391K |
| Offices of Certified Public Accountants | 1 | $350K |
| Other Personal Care Services | 2 | $256K |
Lenders with experience funding your specific industry in Waco 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 Waco
Option 1: Apply directly to one of the top Waco 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 Waco-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.
