LegacyTexas Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by LegacyTexas Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541511 | Custom Computer Programming Services | 11 | $2.2M | $200K | 3.1% |
| 621320 | Offices of Optometrists | 10 | $2.5M | $246K | 2.8% |
| 624410 | Child Care Services | 9 | $4.4M | $488K | 2.5% |
| 621210 | Offices of Dentists | 8 | $1.6M | $196K | 2.3% |
| 621310 | Offices of Chiropractors | 6 | $355K | $59K | 1.7% |
| 541110 | Offices of Lawyers | 5 | $753K | $151K | 1.4% |
| 811192 | Car Washes | 4 | $1.9M | $472K | 1.1% |
| 541211 | Offices of Certified Public Accountants | 3 | $974K | $325K | 0.8% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $632K | $211K | 0.8% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $553K | $184K | 0.8% |
Geographic Distribution
SBA lending activity for LegacyTexas Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 353 | $77.1M | 100.0% |
Why Choose LegacyTexas Bank?
Based on SBA 7(a) lending track record from 1991-2016
- ✓Proven Track Record: 353 SBA loans approved, totaling $77.1M in financing
- ✓Industry Expertise: Specialized focus on Custom Computer Programming Services, Offices of Optometrists, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.82% with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $20K to $1.7M, with an average of $218K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about LegacyTexas Bank SBA lending
What types of businesses does LegacyTexas Bank typically finance?
LegacyTexas Bank specializes in SBA 7(a) lending to specific industries including custom computer programming services, offices of optometrists, child care services, offices of dentists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are LegacyTexas Bank's typical SBA loan terms?
LegacyTexas Bank's SBA 7(a) loans typically feature an average interest rate of 5.82% and average term length of 93 months (approximately 8 years). Loan sizes range from $20K to $1.7M, with an average loan size of $218K.
Do I need a business valuation for a LegacyTexas Bank SBA loan?
Yes, LegacyTexas Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does LegacyTexas Bank compare to other SBA lenders?
LegacyTexas Bank has originated 353 SBA loans totaling $77.1M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does LegacyTexas Bank lend in?
LegacyTexas Bank provides SBA 7(a) financing with particularly strong presence in TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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