US Small Business Administration loans up by 29% since 2015 in Houston region

A U.S. Small Business Administration slide at a recent Lone Star College function shows the Houston region counties which received the most SBA loans in fiscal year 2018-19. (Vanessa Holt/Community Impact Newspaper)
A U.S. Small Business Administration slide at a recent Lone Star College function shows the Houston region counties which received the most SBA loans in fiscal year 2018-19. (Vanessa Holt/Community Impact Newspaper)

A U.S. Small Business Administration slide at a recent Lone Star College function shows the Houston region counties which received the most SBA loans in fiscal year 2018-19. (Vanessa Holt/Community Impact Newspaper)

U.S. Small Business Administration capital assistance to the Houston region has increased by 29% since 2015, and individual loan amounts have increased by 44%, according to information from the agency that includes its most recent numbers for fiscal year 2018-19.

The U.S. SBA does not provide the loans but works with lenders to reduce the risk, according to the SBA website.

The Houston district of the U.S. SBA serves 32 counties in and around Houston, including Harris, Montgomery, Fort Bend, Brazoria and Galveston counties, according to Valerie Maher, the lead economic development specialist for the Houston region. The U.S. SBA helps small businesses start, grow, expand and recover, according to information on the agency's website.

“Small businesses drive the nation’s economy. ... Over 99% of the businesses in Houston are considered small by our standards,” Maher said at the Nov. 13 Lone Star College Small Business Development Center awards luncheon.

The SBA definition for a small business varies by industry but is generally based on the number of employees or the amount of revenue the business has. For example, a manufacturing or processing firm such as an airline or refinery could have up to 1,500 employees or a service firm in an industry such as software publishing or oil/gas support could have up to $41.5 million in annual revenue to be considered a small business.

According to SBA statistics, hotels and motels topped the 20 industries receiving small-business loans in the Greater Houston area in FY 2018-19, with an average $2.56 million per loan, followED by child day care centers, which received $1.72 million per loan on average.

The total amount of capital assistance in the Houston region for FY 2018-19, $1.05 billion, represents a 0.6% decrease from the previous year but a 29% increase since 2015, according to U.S. SBA records.

Harris County topped the Houston-area counties that received loans through the SBA, with $539.85 million in loans, or an average of $722,686 per loan among the 747 recorded in 2018-19—almost 60% of the total loans obtained in the region. Montgomery County had 115 businesses receive a total of $86.49 million in loans, or $752,077 on average per loan.

The SBA also provides direct government loans in the event of certain disasters such as Tropical Storm Imelda, which hit the Greater Houston area in September. It provided 601 home loans, totaling $31.39 million, but only 14 business loans, totaling $617,500, as of the Nov. 13 presentation. By contrast, Hurricane Harvey resulted in $2.96 billion in home loans and $450 million in business loans.

By Vanessa Holt

A resident of the Houston area since 2011, Vanessa began working in community journalism in her home state of New Jersey in 1996. She joined Community Impact Newspaper in 2016 as a reporter for the Spring/Klein edition and became editor of the paper in March 2017.


Photo courtesy Noe's Crepes, Coffee and Tea
Noe's Crepes, Coffee and Tea celebrates one year in Conroe with discounts and prizes

Noe's Crepes, Coffee and Tea celebrates its first anniversary Jan. 23.

Eggcelence Cafe now open on Kuykendahl Road in Tomball

The eatery serves breakfast, brunch and lunch dishes.

raveneaux country club
Official: Raveneaux Country Club deal expected to close in late January without further Commissioners Court action

According to the HCFCD, the action taken by Harris County Commissioners Court earlier this month both authorized and approved the acquisition, meaning the deal is expected to close by Jan. 30 without another vote.

Shenandoah City Council was presented with transportation updates around the city. (Andrew Christman/Community Impact Newspaper)
Shenandoah City Council presented with transportation updates

Shenandoah City Council was updated on transportation projects around the city.

The Randall's stores in Panther Creek and Grogan's Mill in The Woodlands will close in February. (Vanessa Holt/Community Impact Newspaper)
The Woodlands officials discuss future uses for vacant, closing Randall's store buildings

The board of directors on Jan. 23 grappled with the issue of two recently announced Randall’s grocery store closings in the villages of Grogan’s Mill and Panther Creek.

The restaurant also has Greater Houston franchises in Nassau Bay, Katy and Sugar Land. (Courtesy 1000 Degrees Pizza)
1000 Degrees Pizza opens Spring restaurant off Grand Parkway

The national franchise's newest location opened in Spring in early January.

Photo courtesy Russo's.
Russo's New York Pizzeria celebrates 10 years in The Woodlands

Russo's New York Pizzeria is celebrating its 10th anniversary this year.

Two Lakes Edge's residential and retail spaces are expected to open at Hughes Landing in The Woodlands this spring. (Courtesy The Howard Hughes Corp.)
Fitness studios StretchLab, Row House will launch at Two Lakes Edge in Hughes Landing this spring

The Howard Hughes Corp. announced the businesses would occupy ground-floor retail space at the new 386-unit complex.

Conroe ISD board President Datren Williams listens to a public comment. (Andy Li/Community Impact Newspaper)
Conroe ISD approves Stockton rezoning, full-day pre-K, calendar for 2020-21 school year

Assistant Superintendent Of Elementary Education Debbie Phillips said the district received five applications and ultimately decided it could open for full-day pre-K in the 2020-21 school year without private partners.

J.J. Hollie, The Woodlands Area Chamber of Commerce president (center) is flanked by Montgomery County officials, representatives and community members at the dedication of a portion of I-45 on Jan. 17. (Vanessa Holt/Community Impact Newspaper)
Legislators, community members gather to dedicate portion of I-45 to The Woodlands founder George P. Mitchell

A portion of I-45 in Montgomery County is now designated the George P. Mitchell Memorial Highway in honor of the local entrepreneur who founded The Woodlands in 1974.

(Andrew Christman/Community Impact Newspaper)
Dave & Buster's opens for entertainment in Metropark Square

Dave & Buster's, a Metropark Square anchor, has officially opened its doors.

Howard Hughes Corp. acquired the two towers owned by Occidental Petroleum Corp. in 2019. (Andrew Christman/Community Impact Newspaper)
Occidental CEO tells Woodlands EDP at luncheon it will keep local presence

Occidental Petroleum Corp. CEO Vicki Hollub told the Woodlands Area Economic Development Partnership at a Jan. 10 luncheon the company intends to keep a presence in The Woodlands

Back to top