SBA Loans Explained


Spirit of Texas Bank SBA Lender pic
Spirit of Texas Bank SBA Lender

A full-service banking center with locations across Texas, Spirit of Texas Bank offers a comprehensive selection of loan, deposit, and online banking services. Spirit of Texas Bank has established itself as the top SBA lender in Texas and one of the top 10 in the United States.

Loans provided by the US Small Business Administration (SBA) help entrepreneurs and existing small business owners access the financing they need to grow their companies. Ideal for business owners who may not qualify for traditional loan products, SBA loans come with a partial guarantee to lenders if the borrower defaults on the loan. To qualify for an SBA loan, small business owners must apply with a bank or lending institution that participates in one or more SBA programs.

Common SBA programs include basic 7(a) loans, which connect business owners with financing to start and expand their businesses. Nonprofit organizations often participate in the microloan program, receiving loans up to $50,000 and using those funds to make smaller loans to eligible borrowers at the local level. Other SBA loan products include export working capital loans, disaster assistance loans, and pollution control loans.


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