Wichita Falls is the principal city of the Wichita Falls Metropolitan Statistical Area, which encompasses all of Archer, Clay and Wichita Counties. Wichita Falls is the county seat of Wichita County. According to the 2010 census, the city had a population of 104,553, making it the 38th-most populous city in Texas.
Wichita Falls is home to Sheppard Air Force Base, the largest training base for the United States Air Force. Sheppard AFB is the host unit for the 82d Training Wing (82 TRW) and the 80th Flying Training Wing (80 FTW), which operate a total of 36 T-38 Talon and T-1 Jayhawk aircraft. The base is also home to the Air Force Reserve Command's 301st Fighter Wing (301 FW), which flies the F-16C/D Fighting Falcon.
The economy of Wichita Falls is largely based on the oil and gas industry, agriculture, and manufacturing. The city is also home to a number of small businesses.
The population of Wichita Falls is 104,553, and the median age is 34. The most popular industries in Wichita Falls are oil and gas extraction, agriculture, and manufacturing. The city is also home to a number of small businesses.
Comparing SBA loan types in Wichita Falls
Three SBA programs come up most often for Wichita Falls, Texas businesses, and they do different jobs.
SBA 7(a) loan: program overview
Maximum loan
$5 million (sba.gov, fetched 2026-07-24)
What it funds
Working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and business acquisition.
Who lends
Participating banks and non-bank lenders. The SBA guarantees a portion of the loan; it does not lend directly to borrowers.
Rate structure
Negotiated between lender and borrower, capped at the SBA maximum. Most 7(a) loans price off the WSJ prime rate plus a spread.
Personal guaranty
Required from every owner of 20% or more of the business (13 CFR 120.160(a)).
Program facts confirmed against sba.gov/funding-programs/loans/7a-loans on Jul 24, 2026. Confirm current fees and maximum rates with your lender before relying on them.
SBA 504 loan: program overview
Maximum loan
$5.5 million per the SBA-backed debenture (sba.gov, fetched 2026-07-24). Total project size can be larger because a bank funds the first mortgage alongside it.
What it funds
Major fixed assets: owner-occupied commercial real estate and long-life machinery and equipment. Not working capital or inventory.
Structure
A conventional first-mortgage lender, a Certified Development Company holding the SBA-backed second, and a borrower down payment.
Rate
The CDC portion is fixed for the full term and set at the monthly debenture sale.
Program facts confirmed against sba.gov/funding-programs/loans/504-loans on Jul 24, 2026.
SBA Express: program overview
What it is
A delivery method inside the 7(a) program. The lender uses its own forms and procedures and gets an accelerated SBA response, in exchange for a lower SBA guarantee percentage than Standard 7(a).
What it funds
The same uses as 7(a), including revolving lines of credit, which Standard 7(a) term loans do not offer.
Trade-off
Faster turnaround and lighter paperwork, against a smaller guaranteed portion, which some lenders price for.
Current SBA Express maximum loan size and guarantee percentage are set by SBA notice and change. Confirm them on sba.gov or with your lender; this site does not publish an unverified figure.
Small business loans available in Wichita Falls
An SBA 7(a) loan made to a Wichita Falls, Texas business is made by a participating lender, not by the SBA.
The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is
which lenders are active, not the program rules.