American Bank of Commerce

This is a financial institution offering SBA loan programs and business financing solutions designed to support small and medium-sized businesses in their growth and operational needs. You can find expert guidance, loan options, and personalized support to help your business succeed.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for your visit.

The Wolfforth Banking Center's lobby is open Monday–Friday, 9:00 AM to 4:00 PM. Drive-thru banking extends Monday–Friday, 7:30 AM to 6:00 PM, and Saturday, 8:00 AM to 12:00 PM. Please confirm with the branch.

There are no fees for simply visiting or consulting; however, there may be application and closing fees associated with loan processing and approval.

This bank primarily serves small business owners and entrepreneurs, with eligibility based on creditworthiness and business qualifications, not residency alone.

A minimum personal credit score of 620 is generally required for guarantors applying for SBA loans.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of application and documentation provided.

Yes—the Wolfforth Banking Center's drive-thru is open Saturday, 8:00 AM to 12:00 PM, though the lobby is closed on weekends. Confirm hours.

American Bank of Commerce's Wolfforth Banking Center is at 530 East HWY 62/82, Wolfforth, TX 79382, with dedicated off-street parking and wheelchair-accessible spaces. Confirm details.

This page is an independent directory listing for American Bank of Commerce, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by American Bank of Commerce itself, which runs its own lending under its own ownership. If you work at American Bank of Commerce, you can claim this listing from this page to manage it.

The core details for American Bank of Commerce — 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 American Bank of Commerce before applying. If you represent American Bank of Commerce, claim this listing to keep its information up to date.

Call (806) 775-5000 or use telebank at (806) 775-5090. Fax: (806) 775-5075. Visit theabcbank.com.

Based on its approved SBA loans, American Bank of Commerce most often finances businesses in restaurants & food service, construction & contractors, salons, spas & personal care, general retail, manufacturing, and wholesale & distribution. This reflects American Bank of Commerce's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with American Bank of Commerce which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether American Bank of Commerce participates in SBA Express depends on its specific SBA lending authority. Contact American Bank of Commerce and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. American Bank of Commerce can confirm its current PLP standing — ask before you apply if speed matters to you.

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. American Bank of Commerce's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask American Bank of Commerce directly whether it considers start-up loans.

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 American Bank of Commerce what down payment it expects for your specific commercial real estate purchase.

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 American Bank of Commerce to spell out any prepayment penalties before you sign.

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 American Bank of Commerce to confirm it qualifies and how to document it.

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. American Bank of Commerce weighs this case by case under its own policy, so be upfront about your history and ask American Bank of Commerce how it evaluates prior bankruptcies.