Loan Census Banking News and Information
December 1, 2020  
 
 
  Business Loan Information  
 

Small Business Lenders in Lubbock, Texas

 
Loan Census SBA Loan Info

I need a loan for my business in Lubbock, Texas! If that's what's on your mind, you've come to the right place.

If you are planning on applying for a small business loan and your business is based in Lubbock, Texas, we've assembled a list of local small business banks that you should contact.

Local Lubbock Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Lubbock.

Small Business Bank Recent SBA Loans
ABC Bank  
AG Texas Farm Credit Services  
Alliance Federal Credit Union - Main Office  
American Bank Of Commerce 30
American State Bank 103
Bank Of America  
Citizens Bank 6
Citizensbank  
City Bank 30
Cobank  
First Bank & Trust Company 109
First United Bank 8
Lubbock National Bank 64
Mylubbockbank 10
Peoples Bank 29
Plainscapital Bank 113
Platinum Bank 1
Security State Bank 2
State National Bank 5

Other Lending Resources for Lubbock Businesses

This is a list of banks outside of Lubbock, Texas that have provided SBA loans to Lubbock businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Aimbank
Littlefield, TX
4
American Bank Of Commerce
Wolfforth, TX
38
American State Bank
Midland, TX
1
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
14
Business Loan Center, LLC
New York, NY
4
Business Loan Center, LLC
Panama City Beach, FL
8
Capital One
Mclean, VA
13
Cit Small Business Lending Corp
Golden, CO
2
Cit Small Business Lending Corp
Livingston, NJ
4
Citizens Bank
Slaton, TX
2
City Bank
Morton, TX
1
Comerica Bank
Dallas, TX
3
Commercial State Bank
Andrews, TX
2
Compass Bank
Dallas, TX
1
Compass Bank
Fort Worth, TX
1
Empire Bank
Springfield, MO
1
Farmers National Bank - Seymour
Seymour, TX
1
First Finan Bank
Abilene, TX
1
First National Bank In Munday
Rochester, TX
1
First National Bank Of Midland
Midland, TX
1
First State Bank
Shallowater, TX
2
First United Bank
Amarillo, TX
1
First United Bank
Dimmitt, TX
2
First United Bank
Sudan, TX
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Herring Bank
Amarillo, TX
1
Innovative Bank
Oakland, CA
6
Lehman Brothers Bank, FSB
Boston, MA
2
People's United Bank
Bridgeport, CT
1
Regions Bank
Atlanta, GA
1
Security Bank
Idalou, TX
12
Security State Bank
Littlefield, TX
2
Southwest Bank
Odessa, TX
1
State National Bank
Fort Worth, TX
6
State National Bank
Plainview, TX
1
Sundown State Bank
Sundown, TX
1
Temecula Valley Bank
Temecula, CA
1
Ups Capital Business Credit
Windsor, CT
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
Austin, TX
3
Wells Fargo Bank
Missouri City, TX
1
Wells Fargo Bank
San Antonio, TX
1
Wells Fargo Bank
San Jose, CA
18
Wells Fargo Bank
Sioux Falls, SD
3

Business Loan Advice for Lubbock Businesses

Prior to meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks are SBA lenders. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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