Wallis Bank

This is a financial institution offering SBA loan programs and business financing solutions to help entrepreneurs grow their businesses. You can find personalized assistance, loan options, and expert guidance tailored to your needs. Whether you're starting a new venture or expanding an existing one, this bank provides the resources to support your goals.

It's 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 streamline your visit and prepare the necessary documentation.

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to check directly with the branch for specific hours or any holiday closures.

There are no fees for simply consulting or applying for SBA loans, but certain service charges or application fees may apply depending on the loan product and terms.

This bank primarily serves local businesses and residents in the Wallis, TX area, but it also offers SBA loan programs to qualifying businesses across the region and beyond.

A minimum personal credit score of around 640 is generally preferred, though the exact requirement may vary based on the loan type and applicant profile.

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

Most banks keep weekday business hours and are closed on weekends, and Wallis 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 Wallis Bank to confirm current weekend availability before you go.

Wallis 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.

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

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

You can reach Wallis Bank by phone at (713) 935-3710 or online at wallisbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Wallis Bank before relying on them.

Based on its approved SBA loans, Wallis Bank most often finances businesses in gas stations & convenience, hotels & lodging, restaurants & food service, general retail, wholesale & distribution, and medical practices & clinics. This reflects Wallis Bank'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 Wallis Bank 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 Wallis Bank participates in SBA Express depends on its specific SBA lending authority. Contact Wallis Bank 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. Wallis Bank 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. Wallis Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Wallis Bank 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 Wallis Bank 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 Wallis Bank 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 Wallis Bank 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. Wallis Bank weighs this case by case under its own policy, so be upfront about your history and ask Wallis Bank how it evaluates prior bankruptcies.