Texas Security Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Texas Security Bank · FY 2021
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 2 | $2.5M | $1.2M | 11.1% |
| 541380 | Testing Laboratories and Services | 2 | $510K | $255K | 11.1% |
| 541820 | Public Relations Agencies | 2 | $1.2M | $581K | 11.1% |
| 484110 | General Freight Trucking, Local | 2 | $4.2M | $2.1M | 11.1% |
| 623312 | Assisted Living Facilities for the Elderly | 1 | $150K | $150K | 5.6% |
| 332710 | Machine Shops | 1 | $212K | $212K | 5.6% |
| 611420 | Computer Training | 1 | $200K | $200K | 5.6% |
| 541490 | Other Specialized Design Services | 1 | $891K | $891K | 5.6% |
| 541110 | Offices of Lawyers | 1 | $300K | $300K | 5.6% |
| 322211 | Corrugated and Solid Fiber Box Manufacturing | 1 | $250K | $250K | 5.6% |
Geographic Distribution
SBA lending activity for Texas Security Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 17 | $14.5M | 94.4% |
| Oklahoma (OK) | 1 | $1.2M | 5.6% |
Why Choose Texas Security Bank?
Based on SBA 7(a) lending track record in FY 2021
- ✓Proven Track Record: 18 SBA loans approved, totaling $15.6M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Testing Laboratories and Services, Public Relations Agencies
- ✓Competitive Terms: Average interest rate of 5.19% with flexible term lengths averaging 140 months
- ✓Loan Range: Loan sizes from $100K to $4.5M, with an average of $868K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, OK
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 Texas Security Bank SBA lending
What types of businesses does Texas Security Bank typically finance?
Texas Security Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, testing laboratories and services, public relations agencies, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Texas Security Bank's typical SBA loan terms?
Texas Security Bank's SBA 7(a) loans typically feature an average interest rate of 5.19% and average term length of 140 months (approximately 12 years). Loan sizes range from $100K to $4.5M, with an average loan size of $868K.
Do I need a business valuation for a Texas Security Bank SBA loan?
Yes, Texas Security 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 Texas Security Bank compare to other SBA lenders?
Texas Security Bank has originated 18 SBA loans totaling $15.6M in FY 2021. 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 Texas Security Bank lend in?
Texas Security Bank provides SBA 7(a) financing with particularly strong presence in TX, OK. 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.
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