State Bank of Texas
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by State Bank of Texas · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 33 | $13.9M | $422K | 7.4% |
| 721110 | Hotels (except Casino Hotels) and Motels | 20 | $29.4M | $1.5M | 4.5% |
| 811192 | Car Washes | 16 | $18.5M | $1.2M | 3.6% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 15 | $8.8M | $589K | 3.4% |
| 811111 | General Automotive Repair | 8 | $2.3M | $285K | 1.8% |
| 561720 | Janitorial Services | 5 | $835K | $167K | 1.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | $1.3M | $257K | 1.1% |
| 541213 | Tax Preparation Services | 5 | $2.2M | $445K | 1.1% |
| 624410 | Child Care Services | 5 | $1.8M | $351K | 1.1% |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 5 | $2.1M | $411K | 1.1% |
Geographic Distribution
SBA lending activity for State Bank of Texas by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 317 | $181.0M | 71.2% |
| Illinois (IL) | 99 | $24.9M | 22.2% |
| Alabama (AL) | 2 | $5.0M | 0.4% |
| New York (NY) | 1 | $4.3M | 0.2% |
| South Carolina (SC) | 1 | $3.6M | 0.2% |
| Florida (FL) | 3 | $2.8M | 0.7% |
| Virginia (VA) | 2 | $2.4M | 0.4% |
| Wisconsin (WI) | 7 | $2.3M | 1.6% |
| Arkansas (AR) | 1 | $1.3M | 0.2% |
| Georgia (GA) | 1 | $1.2M | 0.2% |
| Mississippi (MS) | 1 | $1.1M | 0.2% |
| Pennsylvania (PA) | 1 | $693K | 0.2% |
| Michigan (MI) | 1 | $625K | 0.2% |
| Kansas (KS) | 1 | $615K | 0.2% |
| Indiana (IN) | 2 | $530K | 0.4% |
| Ohio (OH) | 2 | $490K | 0.4% |
| Maryland (MD) | 1 | $290K | 0.2% |
| New Mexico (NM) | 1 | $175K | 0.2% |
| California (CA) | 1 | $100K | 0.2% |
Why Choose State Bank of Texas?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 445 SBA loans approved, totaling $233.3M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners, Hotels (except Casino Hotels) and Motels, Car Washes
- ✓Competitive Terms: Average interest rate of 5.91% with flexible term lengths averaging 148 months
- ✓Loan Range: Loan sizes from $20K to $4.3M, with an average of $524K
- ✓Nationwide Reach: Active lending in 19 states, with strong presence in TX, IL, WI
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 State Bank of Texas SBA lending
What types of businesses does State Bank of Texas typically finance?
State Bank of Texas specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners, hotels (except casino hotels) and motels, car washes, drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank of Texas's typical SBA loan terms?
State Bank of Texas's SBA 7(a) loans typically feature an average interest rate of 5.91% and average term length of 148 months (approximately 12 years). Loan sizes range from $20K to $4.3M, with an average loan size of $524K.
Do I need a business valuation for a State Bank of Texas SBA loan?
Yes, State Bank of Texas 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 State Bank of Texas compare to other SBA lenders?
State Bank of Texas has originated 445 SBA loans totaling $233.3M 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 State Bank of Texas lend in?
State Bank of Texas provides SBA 7(a) financing with particularly strong presence in TX, IL, WI, FL, VA. 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.
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Certified valuations are often required for SBA loans over $250,000.
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