Are These SBA Lenders in Texas Right for Your Deal?

When seeking a commercial real estate loan in Texas, borrowers have the option to explore government-backed Small Business Administration (SBA) lenders. SBA loans, partially guaranteed by the U.S. Small Business Administration and issued by private lenders, offer favorable terms and enhanced financing opportunities. In this article, we will highlight some of the best SBA lenders in Texas, providing insights into their loan offerings, terms, and benefits for businesses looking to secure financing for commercial real estate ventures.

Discover the Top SBA Lenders in Texas

United Midwest Savings Bank

United Midwest Savings Bank emerges as one of the most active SBA lenders in Texas. They offer commercial SBA loans over $150,000, catering to various industries such as medical practices, dental practices, optometry practices, veterinary practices, insurance agencies, the hospitality industry, funeral homes, and general businesses. While specific terms are not publicly available, United Midwest Savings Bank connects borrowers with lenders based on their specific business needs, ensuring personalized loan solutions.

Wells Fargo Bank

Wells Fargo Bank, a trusted financial institution, is also a top SBA lender in Texas. For SBA 7(a) loans, Wells Fargo offers financing up to $5 million, with loan terms of up to 25 years for commercial real estate. These loans are designed for businesses looking to acquire existing businesses, buy out partners, expand to new locations, purchase real estate or equipment, or fulfill multiple needs with a single loan. Additionally, Wells Fargo provides SBA 504 loans for larger projects, including land or building acquisition, construction, and major renovations.

PNC Bank

PNC Bank stands as another major SBA lender in Texas, offering SBA 7(a) loans up to $5 million for long-term financing. With flexible terms and lower down payments than conventional bank loans, PNC Bank assists businesses in financing commercial real estate, renovations, business acquisitions, expansions, franchise purchases, equipment or inventory, working capital, and refinancing existing debt. Additionally, PNC’s SBA 504 loans cater to businesses seeking financing for larger projects, with repayment terms up to 25 years.

Live Oak Bank

Live Oak Bank is a reliable SBA lender in Texas, providing SBA 7(a) loans up to $5 million with up to 90% bank financing. The loans are fully amortized, and borrowers can benefit from no prepayment penalties for terms under 15 years. For businesses requiring larger financing, Live Oak Bank offers SBA 504 loans up to $15 million with low down payments and flexible interest rates.

Comerica Bank

Comerica Bank, a reputable financial institution, serves as a trusted SBA lender in Texas. With loan terms up to 25 years for building real estate, 20 years for fixed assets, and 0 to 10 years for working capital, Comerica Bank accommodates the diverse needs of businesses. Notably, Comerica Bank does not require balloon payments, providing borrowers with convenient repayment options.

Conclusion (Paragraph) When seeking an SBA lender for commercial real estate loans in Texas, exploring the offerings of trusted financial institutions like United Midwest Savings Bank, Wells Fargo Bank, PNC Bank, Live Oak Bank, and Comerica Bank can prove beneficial. These lenders offer attractive loan terms, flexibility, and extensive expertise in supporting businesses’ financing needs. To find the most suitable lender, consulting with a mortgage broker or utilizing online resources, such as SBAlenders.com or the SBA website, can streamline the process and ensure a successful partnership for securing SBA financing.