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Buying a Business in Texas

The Numbers

FY2025 Acquisition Loans

666

$888M approved

Median Loan

$890k

FY2020 through FY2025

Loans Since FY2020

2,815

$3.80B in total approvals

Share of U.S. Activity

7.9%

Of change-of-ownership loans

What the Data Says

Texas ranks 2nd of 53 states and territories for change-of-ownership SBA 7(a) lending: 2,815 loans since FY2020, 8% of the national total.

The typical deal runs large: its $890k median loan sits above the $650k midpoint across states, so expect bigger checks and the larger injection and cash flow they need.

Activity is accelerating: FY2025's 666 loans ran ahead of the state's own ~469 a year pace since FY2020.

The most-financed target is gasoline stations with convenience stores (194 loans), and the 5 most active lenders wrote about 27% of the state's acquisitions, a broad lender field.

Most Active Acquisition Lenders in Texas

  1. 1. Live Oak Banking Company378 loans
  2. 2. The Huntington National Bank174 loans
  3. 3. Metro City Bank83 loans
  4. 4. Celtic Bank Corporation71 loans
  5. 5. Bank of Hope61 loans

A lender being active in Texas does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lenders.

What Gets Bought in Texas

  • Gasoline Stations with Convenience Stores194 loans
  • Full-Service Restaurants176 loans
  • Hotels (except Casino Hotels) and Motels168 loans
  • Limited-Service Restaurants93 loans
  • Insurance Agencies and Brokerages85 loans

Industry-specific pricing and diligence live in the Guides. Where the buyable targets sit in Texas, by county, is in the Texas buying guide.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Texas project address. Approvals, not closings; excludes conventional and 504 financing.