SBA loans by state
SBA loans in Texas: 4,698 approvals in FY 2026, median $335,000
The median loan, $335,000, was the 3rd largest of the 50 states and DC. No lender dominated: the busiest made 11% of loans.
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Texas: 7(a) loans approved last year
4,698
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Texas: median rate at approval, $250,001 to $350,000 | 9.75% |
| Texas: median 7(a) loan last year | $335,000 |
| Payment over 10 years, SBA fee added to the loan | $4,479/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Texas, FY 2026: 4,698 SBA 7(a) approvals for $3.7 billion (2nd of the 50 states and DC, SBA file of September 30, 2026). The median loan, $335,000, was the 3rd largest of the 50 states and DC. No lender dominated: the busiest made 11% of loans. Express was used for only 19% of loans. Franchises took 22% of loans. The state stood out for loans to support activities for oil and gas operations. Only 260 lenders were active. 22% of loans went to businesses not yet open. Credit lines were only 14% of approvals. Only 11% of loans went to businesses under two years old. Borrowers reported 12.3 jobs per loan. 17% of loans ran 15 years or longer. Today’s cap on a $335,000 variable loan: 11.50%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| Newtek Bank | 502 | $150,000 | 9.75% | Florida |
| Northeast Bank | 388 | $150,000 | 9.75% | Maine |
| Huntington National Bank | 297 | $259,000 | 9.25% | Ohio |
| Live Oak Banking | 256 | $458,500 | 9.00% | North Carolina |
| Zions Bancorporation | 181 | $110,000 | 9.25% | Utah |
Among the largest SBA loans in the country
Texas’s median loan of $335,000 is 3rd highest among the 50 states and DC. 43% of its loans were above $350,000, where the variable cap falls to prime plus 3 points and the guaranty fee climbs to 3.5% of the guaranteed part once the loan passes $700,000.
No single lender dominates
The busiest lender in Texas, Newtek Bank, made only 11% of loans, a top-lender share 5th lowest among the 50 states and DC, and the five busiest together 35%. 260 lenders took part.
Express is rarely used
SBA Express made up only 19% of Texas’s approvals, 5th lowest among the 50 states and DC. Preferred Lenders took 77% and loans processed by SBA itself 4%, so most borrowers here get the full 85% or 75% guaranty.
Franchise lending stands out
22% of Texas’s loans went to franchise units, the highest among the 50 states and DC. The Back Nine, HTeaO and Kiddie Academy appeared most often.
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 525 | 11.75% | 13.50% |
| $50,001 to $250,000 | 1,538 | 9.75% | 13.00% |
| $250,001 to $350,000 | 634 | 9.75% | 11.50% |
| over $350,000 | 2,001 | 8.75% | 10.00% |
More common here than nationally: support activities for oil and gas operations
12 Texas loans went to support activities for oil and gas operations, 3.4 times the national share for that trade. The most frequent trades overall were full-service restaurants, limited-service restaurants and hotels and motels.
Fewer lenders per loan than most states
260 lenders made all 4,698 of Texas’s loans. For that many loans, its number of lenders is the 4th lowest among the 50 states and DC. The national SBA lenders that work by phone widen the choice.
Start-ups borrow a large share
22% of Texas’s loans funded a business that was not yet open (16% nationwide). SBA’s lending rules ask a start-up to put in cash of its own (an equity injection) of at least 10% of the total project cost, $37,222 on a project financed by a median-size loan.
Credit lines are scarce
Only 14% of Texas’s SBA approvals were revolving lines, 8th lowest among the 50 states and DC. Term loans with a fixed repayment schedule make up the rest.
Counties with the most approvals: Harris (769), Dallas (475) and Tarrant (413). Trades: full-service restaurants (229), limited-service restaurants (148), hotels and motels (136), snack and nonalcoholic beverage bars (135) and child care services (115).
All states compared.