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County5th of 106 in Missouri by approvalsFIPS 29019
SBA loans in Boone County, Missouri
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 260 loans to businesses in Boone County, Missouri, in FY2021 to FY2025, worth $81.9M: 238 under 7(a) and 22 under 504.
That is 55.0 approvals per 1,000 business establishments (4,725 establishments in 2023), above the Missouri figure of 37.6 and above the national 41.0.
It ranks 5th of 106 Missouri counties with approvals. In FY2025 there were 52, up 13% on FY2024.
34 lenders had approvals here; the most active were The Central Trust Bank (102), The Bank of Missouri (31) and The Callaway Bank (28). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Boone County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Central Trust BankJefferson City, MO | 102 | $14.3M | 39.2% | |
| 2 | The Bank of MissouriPerryville, MO | 31 | $7.1M | 11.9% | |
| 3 | The Callaway BankFulton, MO | 28 | $5.2M | 10.8% | |
| 4 | Hawthorn BankJefferson City, MO | 14 | $4.1M | 5.4% | |
| 5 | Commerce BankKansas City, MO | 14 | $2.7M | 5.4% | |
| 6 | Enterprise Development CorporationColumbia, MO · CDC | 13 | $6.7M | 5.0% | |
| 7 | Rural Missouri, Inc.Jefferson City, MO · CDC | 9 | $5.0M | 3.5% | |
| 8 | U.S. Bank, National AssociationCincinnati, OH | 6 | $2.3M | 2.3% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 3 | $5.6M | 1.2% | |
| 10 | The Huntington National BankColumbus, OH | 3 | $3.2M | 1.2% | |
| 11 | Colony BankFitzgerald, GA | 3 | $1.5M | 1.2% | |
| 12 | First Bank of the LakeOsage Beach, MO | 3 | $1.5M | 1.2% | |
| 13 | Midwest Regional BankFestus, MO | 3 | $1.0M | 1.2% | |
| 14 | Midwest BankCentreSaint Louis, MO | 2 | — | 0.8% | |
| 15 | Enterprise Bank & TrustClayton, MO | 2 | — | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 45 | 17.3% | |
| 2 | Personal Care ServicesNAICS 8121 | 15 | 5.8% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 13 | 5.0% | |
| 4 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 11 | 4.2% | |
| 5 | Child Day Care ServicesNAICS 6244 | 11 | 4.2% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 3.5% | |
| 7 | Other Personal ServicesNAICS 8129 | 9 | 3.5% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 6 | 2.3% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 6 | 2.3% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 1.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 50 | 19.2% | |
| 2 | Professional, Scientific, and Technical Services | 31 | 11.9% | |
| 3 | Other Services (except Public Administration) | 31 | 11.9% | |
| 4 | Health Care and Social Assistance | 30 | 11.5% | |
| 5 | Construction | 20 | 7.7% | |
| 6 | Retail Trade | 19 | 7.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 16 | 6.2% | |
| 8 | Manufacturing | 12 | 4.6% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 19 | $5.0M | $198K | 3 | $1.2M | 22 | 184 |
| FY2025 | 48 | $18.0M | $151K | 4 | $3.5M | 52 | 406 |
| FY2024 | 44 | $13.3M | $150K | 2 | — | 46 | 403 |
| FY2023 | 52 | $13.0M | $94K | 1 | — | 53 | 337 |
| FY2022 | 50 | $11.2M | $76K | 3 | $2.7M | 53 | 529 |
| FY2021 | 44 | $14.6M | $156K | 12 | $4.1M | 56 | 698 |
| FY2020 | 40 | $7.3M | $93K | 5 | $2.5M | 45 | 388 |
| FY2019 | 41 | $8.5M | $113K | 2 | — | 43 | 744 |
| FY2018 | 31 | $14.8M | $125K | 8 | $7.2M | 39 | 1,050 |
| FY2017 | 49 | $13.9M | $144K | 4 | $2.2M | 53 | 1,037 |
| FY2016 | 55 | $15.3M | $111K | 1 | — | 56 | 909 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 236 approvals.
Against Missouri and the country
| FY2021–FY2025 | Boone County | Missouri | United States |
|---|---|---|---|
| Approvals | 260 | 5,688 | 342,825 |
| Approvals per 1,000 establishments | 55.0 | 37.6 | 41.0 |
| Median 7(a) approval | $128K | $225K | $190K |
| Median 504 approval | $336K | $553K | $657K |
| Average approval | $315K | $569K | $573K |
| 504 share of approvals | 8.5% | 9.9% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 11.0 | 10.5 |
| Share of state approvals | 4.6% | 100.0% | — |
Approval sizes
- $50,000 or less25.4%66
- $50,001 to $150,00027.7%72
- $150,001 to $350,00021.9%57
- $350,001 to $1 million18.5%48
- $1 million to $2 million3.5%9
- Over $2 million3.1%8
Age of the businesses
- Existing, more than 2 years old53.5%139
- New business, 2 years or less22.7%59
- Startup, loan funds will open the business17.7%46
- Change of ownership6.2%16
Questions and answers
Which lenders make the most SBA loans in Boone County?
By approvals in FY2021 to FY2025: The Central Trust Bank (102), The Bank of Missouri (31), The Callaway Bank (28), Hawthorn Bank (14), Commerce Bank (14). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Boone County?
The median 7(a) approval was $128K and the median 504 approval $336K; the Missouri 7(a) median was $225K.
Which industries get the most SBA loans in Boone County?
Restaurants and Other Eating Places (45); Personal Care Services (15); Services to Buildings and Dwellings (13); Other Professional, Scientific, and Technical Services (11); Child Day Care Services (11).
Is SBA lending in Boone County rising?
Approvals in the three latest complete fiscal years total 151, against 154 in the three before: broadly level (-2%).
How does Boone County compare with the rest of Missouri?
55.0 approvals per 1,000 establishments against 37.6 statewide, and 260 of the state's 5,688 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error