County24th of 227 in Texas by approvalsFIPS 48423
SBA loans in Smith 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 147 loans to businesses in Smith County, Texas, in FY2021 to FY2025, worth $120M: 131 under 7(a) and 16 under 504.
That is 23.1 approvals per 1,000 business establishments (6,356 establishments in 2023), below the Texas figure of 37.2 and below the national 41.0.
It ranks 24th of 227 Texas counties with approvals. In FY2025 there were 51, up 113% on FY2024.
57 lenders had approvals here; the most active were The Huntington National Bank (23), Greater East Texas Certified Development Company (10) and Live Oak Banking Company (8). The most common industry was offices of other health practitioners.
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 Smith County
By number of approvals to businesses in the county, FY2021–FY2025; 57 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 23 | $12.1M | 15.6% | |
| 2 | Greater East Texas Certified Development CompanyTyler, TX · CDC | 10 | $15.1M | 6.8% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 8 | $10.4M | 5.4% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 8 | $8.1M | 5.4% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 7 | $1.4M | 4.8% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $2.0M | 4.1% | |
| 7 | Regions BankBirmingham, AL | 4 | $2.5M | 2.7% | |
| 8 | Northeast BankLewiston, ME | 4 | $273K | 2.7% | |
| 9 | First Internet Bank of IndianaFishers, IN | 3 | $2.4M | 2.0% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 3 | $1.1M | 2.0% | |
| 11 | East Texas Regional Development Company, Inc.Kilgore, TX · CDC | 3 | $847K | 2.0% | |
| 12 | Planters Bank and Trust CompanyIndianola, MS | 3 | $454K | 2.0% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $373K | 2.0% | |
| 14 | Altra Federal Credit UnionOnalaska, WI | 3 | $328K | 2.0% | |
| 15 | T Bank, National AssociationDallas, TX | 2 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 11 | 7.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 6.8% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 4.8% | |
| 4 | Traveler AccommodationNAICS 7211 | 6 | 4.1% | |
| 5 | Gasoline StationsNAICS 4471 | 6 | 4.1% | |
| 6 | Personal Care ServicesNAICS 8121 | 6 | 4.1% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 3.4% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 5 | 3.4% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 3.4% | |
| 10 | Activities Related to Real EstateNAICS 5313 | 5 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 25 | 17.0% | |
| 2 | Accommodation and Food Services | 22 | 15.0% | |
| 3 | Retail Trade | 18 | 12.2% | |
| 4 | Other Services (except Public Administration) | 17 | 11.6% | |
| 5 | Construction | 12 | 8.2% | |
| 6 | Arts, Entertainment, and Recreation | 10 | 6.8% | |
| 7 | Real Estate and Rental and Leasing | 8 | 5.4% | |
| 8 | Professional, Scientific, and Technical Services | 8 | 5.4% |
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* | 31 | $33.7M | $433K | 2 | — | 33 | 445 |
| FY2025 | 45 | $30.0M | $286K | 6 | $10.2M | 51 | 568 |
| FY2024 | 23 | $10.7M | $200K | 1 | — | 24 | 469 |
| FY2023 | 20 | $18.1M | $573K | 2 | — | 22 | 206 |
| FY2022 | 17 | $15.9M | $600K | 5 | $2.0M | 22 | 287 |
| FY2021 | 26 | $26.6M | $460K | 2 | — | 28 | 426 |
| FY2020 | 18 | $10.8M | $449K | 2 | — | 20 | 210 |
| FY2019 | 23 | $10.0M | $348K | 3 | $1.4M | 26 | 386 |
| FY2018 | 28 | $18.1M | $373K | 4 | $4.7M | 32 | 558 |
| FY2017 | 23 | $14.4M | $292K | 5 | $4.2M | 28 | 344 |
| FY2016 | 19 | $10.3M | $286K | 4 | $2.1M | 23 | 317 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 129 approvals.
Against Texas and the country
| FY2021–FY2025 | Smith County | Texas | United States |
|---|---|---|---|
| Approvals | 147 | 24,935 | 342,825 |
| Approvals per 1,000 establishments | 23.1 | 37.2 | 41.0 |
| Median 7(a) approval | $348K | $320K | $190K |
| Median 504 approval | $586K | $974K | $657K |
| Average approval | $814K | $770K | $573K |
| 504 share of approvals | 10.9% | 6.8% | 11.0% |
| Jobs supported per approval, as reported | 13.3 | 12.6 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less13.6%20
- $50,001 to $150,00015.6%23
- $150,001 to $350,00021.1%31
- $350,001 to $1 million24.5%36
- $1 million to $2 million10.2%15
- Over $2 million15.0%22
Age of the businesses
- Existing, more than 2 years old47.6%70
- New business, 2 years or less12.2%18
- Startup, loan funds will open the business29.3%43
- Change of ownership10.9%16
Questions and answers
Which lenders make the most SBA loans in Smith County?
By approvals in FY2021 to FY2025: The Huntington National Bank (23), Greater East Texas Certified Development Company (10), Live Oak Banking Company (8), Readycap Lending, LLC (8), Newtek Bank, National Association (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Smith County?
The median 7(a) approval was $348K and the median 504 approval $586K; the Texas 7(a) median was $320K.
Which industries get the most SBA loans in Smith County?
Offices of Other Health Practitioners (11); Restaurants and Other Eating Places (10); Other Amusement and Recreation Industries (7); Traveler Accommodation (6); Gasoline Stations (6).
Is SBA lending in Smith County rising?
Approvals in the three latest complete fiscal years total 97, against 70 in the three before: rising (+39%).
How does Smith County compare with the rest of Texas?
23.1 approvals per 1,000 establishments against 37.2 statewide, and 147 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