Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Texas.
In 2022 there were 274 SBA lenders that approved 3,785 SBA 7(a) loans for projects in Texas totaling $2,970,696,500. The average loan amount was $784,860. Borrowers from 470 cities were approved for projects in Texas for 475 industries. The SBA loan approvals in 2022 represent 52,657 jobs supported or saved in Texas.
There were 447 franchise branded businesses receiving 1,050 loan approvals for $925,112,000 with an average loan amount of $881,059.
Our forecast model projects $3.2 billion in total Texas SBA 7(a) loan approval amounts in 2023 with $1.1 billion to franchise businesses.
Texas Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Texas Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
