Texas Top SBA Lenders Same-day Approvals Best SBA Lenders
If you're looking for the top SBA lenders in Texas, particularly those offering quick approvals, several banks and financial institutions stand out:
Wells Fargo Bank: Wells Fargo is a leading SBA lender in Texas, with over 1,000 loans approved in the past few years. They offer a range of SBA loan options, including 7(a) and 504 loans (ProjectionHub) (Merchant Maverick).
Live Oak Banking Company: Known for its large loan sizes, Live Oak Bank specializes in SBA loans for business acquisitions. They are recognized for having one of the highest average loan amounts (ProjectionHub) (Lendstart).
JPMorgan Chase Bank: Chase is another major player in the SBA lending space, offering competitive rates and terms. They have approved hundreds of SBA loans in Texas, making them a reliable choice (ProjectionHub).
United Midwest Savings Bank: This bank is noted for being particularly friendly to startups, offering loans with favorable terms for new businesses (ProjectionHub).
Frost Bank: Frost Bank provides various SBA loan products and is recognized for its focus on startups and small business growth in Texas (ProjectionHub).
ReadyCap Lending: ReadyCap is an SBA preferred lender known for quick prequalification and multiple funding options. They are particularly beneficial for veteran business owners (Merchant Maverick).
When choosing an SBA lender, it's important to consider factors such as loan amounts, terms, and the lender's expertise with your type of business. Each lender may have different strengths, such as fast processing times or specialized support for certain industries. If quick approval is a priority, look for lenders that are SBA Preferred Lenders, as they can expedite the process.
By George Tesfa - Commercial Partners of Texas - Broker.