Avana Bank
Avana Bank is an active SBA lender in Texas, a bank offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 5 Google reviews.
About Avana Bank
Avana Bank offers comprehensive SBA lending services tailored to small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, this bank provides access to various SBA programs, including the popular 7(a) loan program, which helps fund business expansion, equipment purchases, and working capital needs. The bank's experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Abilene, TX, Avana Bank is committed to fostering economic growth within its community by providing flexible loan options and personalized service. Whether you're a startup or an established business, they aim to help you achieve your financial goals with tailored solutions and expert advice.
Common questions about Avana Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions. You can find information about loan options, application processes, and support services for entrepreneurs and small business owners.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Is there a fee to use this?
There are application and processing fees associated with SBA loans, which vary depending on the loan size and type.
Who is this open to — anyone, or only residents/members?
This service is open to small business owners and entrepreneurs within the region, regardless of residency, provided they meet the loan eligibility criteria.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 640 is preferred for guarantors applying for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Avana Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Avana Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Avana Bank is located in Texas — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Avana Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Avana Bank itself, which runs its own lending under its own ownership. If you work at Avana Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Avana Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Avana Bank before applying. If you represent Avana Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Avana Bank by email at contactus@avana.bank (Abilene: 325-677-3000, Menard: 325-396-4550). Confirm preferred contact method with the bank.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Avana Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Avana Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Avana Bank participates in SBA Express depends on its specific SBA lending authority. Contact Avana Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Avana Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Avana Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Avana Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Avana Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Avana Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Avana Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Avana Bank weighs this case by case under its own policy, so be upfront about your history and ask Avana Bank how it evaluates prior bankruptcies.
