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County12th of 106 in Missouri by approvalsFIPS 29071
SBA loans in Franklin 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 115 loans to businesses in Franklin County, Missouri, in FY2021 to FY2025, worth $67.9M: 101 under 7(a) and 14 under 504.
That is 42.6 approvals per 1,000 business establishments (2,702 establishments in 2023), close to the Missouri figure of 37.6 and close to the national 41.0.
It ranks 12th of 106 Missouri counties with approvals. In FY2025 there were 30, up 50% on FY2024.
33 lenders had approvals here; the most active were Sullivan Bank (23), United Bank of Union (19) and Farmers and Merchants Bank of St. Clair (8). 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 Franklin County
By number of approvals to businesses in the county, FY2021–FY2025; 33 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Sullivan BankSullivan, MO | 23 | $5.6M | 20.0% | |
| 2 | United Bank of UnionUnion, MO | 19 | $7.3M | 16.5% | |
| 3 | Farmers and Merchants Bank of St. ClairSaint Clair, MO | 8 | $875K | 7.0% | |
| 4 | Rural Missouri, Inc.Jefferson City, MO · CDC | 5 | $7.7M | 4.3% | |
| 5 | St. Charles County Economic Development CouncilSt. Charles, MO · CDC | 5 | $5.7M | 4.3% | |
| 6 | Bank of WashingtonWashington, MO | 5 | $2.0M | 4.3% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 5 | $1.7M | 4.3% | |
| 8 | Bank of Franklin CountyWashington, MO | 4 | $1.1M | 3.5% | |
| 9 | American Bank of FreedomWellsville, MO | 3 | $5.8M | 2.6% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 3 | $4.8M | 2.6% | |
| 11 | First State Community BankFarmington, MO | 3 | $645K | 2.6% | |
| 12 | First Community Credit UnionChesterfield, MO | 3 | $235K | 2.6% | |
| 13 | Commerce BankKansas City, MO | 3 | $87K | 2.6% | |
| 14 | Enterprise Development CorporationColumbia, MO · CDC | 2 | — | 1.7% | |
| 15 | STL Partnership CDCSt. Louis, MO · CDC | 2 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 12.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 7 | 6.1% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 5.2% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 5.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 5 | 4.3% | |
| 6 | Child Day Care ServicesNAICS 6244 | 4 | 3.5% | |
| 7 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 4 | 3.5% | |
| 8 | Plastics Product ManufacturingNAICS 3261 | 3 | 2.6% | |
| 9 | Beverage ManufacturingNAICS 3121 | 3 | 2.6% | |
| 10 | Grocery StoresNAICS 4451 | 3 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 20 | 17.4% | |
| 2 | Accommodation and Food Services | 18 | 15.7% | |
| 3 | Other Services (except Public Administration) | 15 | 13.0% | |
| 4 | Retail Trade | 13 | 11.3% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 12 | 10.4% | |
| 6 | Construction | 12 | 10.4% | |
| 7 | Health Care and Social Assistance | 7 | 6.1% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 3.5% |
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* | 11 | $3.3M | $125K | 0 | — | 11 | 44 |
| FY2025 | 24 | $16.5M | $390K | 6 | $9.2M | 30 | 377 |
| FY2024 | 19 | $7.0M | $200K | 1 | — | 20 | 223 |
| FY2023 | 17 | $8.2M | $175K | 3 | $5.4M | 20 | 317 |
| FY2022 | 21 | $5.3M | $211K | 3 | $2.8M | 24 | 178 |
| FY2021 | 20 | $9.2M | $79K | 1 | — | 21 | 104 |
| FY2020 | 12 | $2.8M | $148K | 1 | — | 13 | 65 |
| FY2019 | 15 | $6.4M | $35K | 3 | $478K | 18 | 96 |
| FY2018 | 18 | $7.0M | $141K | 2 | — | 20 | 98 |
| FY2017 | 24 | $5.0M | $50K | 8 | $3.6M | 32 | 165 |
| FY2016 | 28 | $7.6M | $88K | 5 | $1.2M | 33 | 285 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 116 approvals.
Against Missouri and the country
| FY2021–FY2025 | Franklin County | Missouri | United States |
|---|---|---|---|
| Approvals | 115 | 5,688 | 342,825 |
| Approvals per 1,000 establishments | 42.6 | 37.6 | 41.0 |
| Median 7(a) approval | $240K | $225K | $190K |
| Median 504 approval | $1.1M | $553K | $657K |
| Average approval | $591K | $569K | $573K |
| 504 share of approvals | 12.2% | 9.9% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 11.0 | 10.5 |
| Share of state approvals | 2.0% | 100.0% | — |
Approval sizes
- $50,000 or less18.3%21
- $50,001 to $150,00016.5%19
- $150,001 to $350,00025.2%29
- $350,001 to $1 million20.0%23
- $1 million to $2 million13.0%15
- Over $2 million7.0%8
Age of the businesses
- Existing, more than 2 years old53.9%62
- New business, 2 years or less13.9%16
- Startup, loan funds will open the business15.7%18
- Change of ownership16.5%19
Questions and answers
Which lenders make the most SBA loans in Franklin County?
By approvals in FY2021 to FY2025: Sullivan Bank (23), United Bank of Union (19), Farmers and Merchants Bank of St. Clair (8), Rural Missouri, Inc. (5), St. Charles County Economic Development Council (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Franklin County?
The median 7(a) approval was $240K and the median 504 approval $1.1M; the Missouri 7(a) median was $225K.
Which industries get the most SBA loans in Franklin County?
Restaurants and Other Eating Places (14); Services to Buildings and Dwellings (7); Automotive Repair and Maintenance (6); Other Specialty Trade Contractors (6); Personal Care Services (5).
Is SBA lending in Franklin County rising?
Approvals in the three latest complete fiscal years total 70, against 58 in the three before: rising (+21%).
How does Franklin County compare with the rest of Missouri?
42.6 approvals per 1,000 establishments against 37.6 statewide, and 115 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