Spirit of Texas Bank SSB
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Spirit of Texas Bank SSB · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 611610 | Fine Arts Schools | 2 | $150K | $75K | 40.0% |
| 561710 | Exterminating and Pest Control Services | 1 | $33K | $33K | 20.0% |
Geographic Distribution
SBA lending activity for Spirit of Texas Bank SSB by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 5 | $301K | 100.0% |
Why Choose Spirit of Texas Bank SSB?
Based on SBA 7(a) lending track record from 1999-2002
- ✓Proven Track Record: 5 SBA loans approved, totaling $301K in financing
- ✓Industry Expertise: Specialized focus on Fine Arts Schools, Exterminating and Pest Control Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 89 months
- ✓Loan Range: Loan sizes from $33K to $100K, with an average of $60K
- ✓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 Spirit of Texas Bank SSB SBA lending
What types of businesses does Spirit of Texas Bank SSB typically finance?
Spirit of Texas Bank SSB specializes in SBA 7(a) lending to specific industries including fine arts schools, exterminating and pest control services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Spirit of Texas Bank SSB's typical SBA loan terms?
Spirit of Texas Bank SSB's SBA 7(a) loans typically feature an average interest rate of — and average term length of 89 months (approximately 7 years). Loan sizes range from $33K to $100K, with an average loan size of $60K.
Do I need a business valuation for a Spirit of Texas Bank SSB SBA loan?
Yes, Spirit of Texas Bank SSB 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 Spirit of Texas Bank SSB compare to other SBA lenders?
Spirit of Texas Bank SSB has originated 5 SBA loans totaling $301K since 1999. 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 Spirit of Texas Bank SSB lend in?
Spirit of Texas Bank SSB 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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