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County17th of 227 in Texas by approvalsFIPS 48167
SBA loans in Galveston County, Texas
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 239 loans to businesses in Galveston County, Texas, in FY2021 to FY2025, worth $190M: 211 under 7(a) and 28 under 504.
That is 36.2 approvals per 1,000 business establishments (6,597 establishments in 2023), close to the Texas figure of 37.2 and close to the national 41.0.
It ranks 17th of 227 Texas counties with approvals. In FY2025 there were 51, down 14% on FY2024.
73 lenders had approvals here; the most active were The Huntington National Bank (33), Wallis Bank (12) and Wells Fargo Bank National Association (12). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Galveston County
By number of approvals to businesses in the county, FY2021–FY2025; 73 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 33 | $8.2M | 13.8% | |
| 2 | Wallis BankWallis, TX | 12 | $25.4M | 5.0% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 12 | $4.5M | 5.0% | |
| 4 | North Texas Certified Development CorporationPlano, TX · CDC | 11 | $8.9M | 4.6% | |
| 5 | Northeast BankLewiston, ME | 11 | $1.4M | 4.6% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 10 | $6.2M | 4.2% | |
| 7 | Home Bank, National AssociationLafayette, LA | 7 | $10.3M | 2.9% | |
| 8 | Zions Bank, A Division ofSalt Lake City, UT | 7 | $1.0M | 2.9% | |
| 9 | b1BANKBaton Rouge, LA | 6 | $5.5M | 2.5% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 6 | $3.0M | 2.5% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 6 | $950K | 2.5% | |
| 12 | Capital Certified Development CorporationAustin, TX · CDC | 5 | $10.8M | 2.1% | |
| 13 | Frost BankSan Antonio, TX | 5 | $2.6M | 2.1% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 5 | $320K | 2.1% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 4 | $4.2M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 21 | 8.8% | |
| 2 | Traveler AccommodationNAICS 7211 | 17 | 7.1% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 15 | 6.3% | |
| 4 | Personal Care ServicesNAICS 8121 | 11 | 4.6% | |
| 5 | Lessors of Real EstateNAICS 5311 | 8 | 3.3% | |
| 6 | Gasoline StationsNAICS 4471 | 7 | 2.9% | |
| 7 | Residential Building ConstructionNAICS 2361 | 7 | 2.9% | |
| 8 | Other Schools and InstructionNAICS 6116 | 6 | 2.5% | |
| 9 | Offices of PhysiciansNAICS 6211 | 6 | 2.5% | |
| 10 | Other Personal ServicesNAICS 8129 | 6 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 40 | 16.7% | |
| 2 | Retail Trade | 31 | 13.0% | |
| 3 | Other Services (except Public Administration) | 26 | 10.9% | |
| 4 | Health Care and Social Assistance | 25 | 10.5% | |
| 5 | Construction | 21 | 8.8% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 20 | 8.4% | |
| 7 | Arts, Entertainment, and Recreation | 16 | 6.7% | |
| 8 | Professional, Scientific, and Technical Services | 16 | 6.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 40 | $33.3M | $344K | 2 | — | 42 | 598 |
| FY2025 | 45 | $39.9M | $230K | 6 | $9.1M | 51 | 627 |
| FY2024 | 54 | $18.8M | $150K | 5 | $5.7M | 59 | 633 |
| FY2023 | 34 | $22.4M | $301K | 3 | $5.3M | 37 | 459 |
| FY2022 | 30 | $18.4M | $258K | 8 | $10.3M | 38 | 421 |
| FY2021 | 48 | $56.7M | $676K | 6 | $3.3M | 54 | 705 |
| FY2020 | 31 | $34.4M | $495K | 4 | $2.7M | 35 | 476 |
| FY2019 | 44 | $24.7M | $230K | 1 | — | 45 | 372 |
| FY2018 | 47 | $22.4M | $292K | 1 | — | 48 | 656 |
| FY2017 | 67 | $38.3M | $235K | 2 | — | 69 | 805 |
| FY2016 | 61 | $41.0M | $150K | 1 | — | 62 | 551 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 259 approvals.
Against Texas and the country
| FY2021–FY2025 | Galveston County | Texas | United States |
|---|---|---|---|
| Approvals | 239 | 24,935 | 342,825 |
| Approvals per 1,000 establishments | 36.2 | 37.2 | 41.0 |
| Median 7(a) approval | $289K | $320K | $190K |
| Median 504 approval | $1.0M | $974K | $657K |
| Average approval | $795K | $770K | $573K |
| 504 share of approvals | 11.7% | 6.8% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 12.6 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less15.9%38
- $50,001 to $150,00015.9%38
- $150,001 to $350,00021.8%52
- $350,001 to $1 million20.9%50
- $1 million to $2 million10.5%25
- Over $2 million15.1%36
Age of the businesses
- Existing, more than 2 years old44.4%106
- New business, 2 years or less15.1%36
- Startup, loan funds will open the business30.1%72
- Change of ownership10.5%25
Questions and answers
Which lenders make the most SBA loans in Galveston County?
By approvals in FY2021 to FY2025: The Huntington National Bank (33), Wallis Bank (12), Wells Fargo Bank National Association (12), North Texas Certified Development Corporation (11), Northeast Bank (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Galveston County?
The median 7(a) approval was $289K and the median 504 approval $1.0M; the Texas 7(a) median was $320K.
Which industries get the most SBA loans in Galveston County?
Restaurants and Other Eating Places (21); Traveler Accommodation (17); Other Amusement and Recreation Industries (15); Personal Care Services (11); Lessors of Real Estate (8).
Is SBA lending in Galveston County rising?
Approvals in the three latest complete fiscal years total 147, against 127 in the three before: rising (+16%).
How does Galveston County compare with the rest of Texas?
36.2 approvals per 1,000 establishments against 37.2 statewide, and 239 of the state's 24,935 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error