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County14th of 106 in Missouri by approvalsFIPS 29165
SBA loans in Platte 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.
Businesses in Platte County, Missouri, received 93 SBA loan approvals worth $62.0M in FY2021 to FY2025 (83 7(a), 10 504).
That is 35.0 approvals per 1,000 business establishments (2,659 establishments in 2023), close to the Missouri figure of 37.6 and close to the national 41.0.
It ranks 14th of 106 Missouri counties with approvals. In FY2025 there were 23, up 21% on FY2024.
44 lenders had approvals here; the most active were The Huntington National Bank (8), Rural Missouri, Inc. (6) and Southern Bank (5). 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 Platte County
By number of approvals to businesses in the county, FY2021–FY2025; 44 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 8 | $1.6M | 8.6% | |
| 2 | Rural Missouri, Inc.Jefferson City, MO · CDC | 6 | $3.9M | 6.5% | |
| 3 | Southern BankPoplar Bluff, MO | 5 | $6.4M | 5.4% | |
| 4 | UMB Bank, National AssociationKansas City, MO | 5 | $1.5M | 5.4% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 4 | $1.6M | 4.3% | |
| 6 | CommunityAmerica Federal Credit UnionLenexa, KS | 4 | $428K | 4.3% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 4 | $175K | 4.3% | |
| 8 | OakStar BankSpringfield, MO | 3 | $7.7M | 3.2% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $5.2M | 3.2% | |
| 10 | Commerce BankKansas City, MO | 3 | $2.5M | 3.2% | |
| 11 | First National Bank of OmahaOmaha, NE | 3 | $920K | 3.2% | |
| 12 | Heartland Business Capital, Inc.Overland Park, KS · CDC | 2 | — | 2.2% | |
| 13 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 2 | — | 2.2% | |
| 14 | Union Bank and Trust CompanyLincoln, NE | 2 | — | 2.2% | |
| 15 | Kendall BankOverland Park, KS | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 13 | 14.0% | |
| 2 | Other Personal ServicesNAICS 8129 | 8 | 8.6% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 7.5% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 6.5% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 5 | 5.4% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.3% | |
| 7 | Gasoline StationsNAICS 4471 | 3 | 3.2% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 3.2% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 3.2% | |
| 10 | Other Motor Vehicle DealersNAICS 4412 | 2 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 14 | 15.1% | |
| 2 | Retail Trade | 13 | 14.0% | |
| 3 | Construction | 12 | 12.9% | |
| 4 | Other Services (except Public Administration) | 12 | 12.9% | |
| 5 | Health Care and Social Assistance | 8 | 8.6% | |
| 6 | Arts, Entertainment, and Recreation | 7 | 7.5% | |
| 7 | Professional, Scientific, and Technical Services | 7 | 7.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 7 | 7.5% |
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* | 10 | $2.8M | $168K | 2 | — | 12 | 59 |
| FY2025 | 22 | $15.9M | $392K | 1 | — | 23 | 136 |
| FY2024 | 19 | $7.1M | $168K | 0 | — | 19 | 204 |
| FY2023 | 12 | $12.3M | $458K | 1 | — | 13 | 154 |
| FY2022 | 17 | $6.7M | $197K | 3 | $1.6M | 20 | 192 |
| FY2021 | 13 | $10.8M | $413K | 5 | $7.2M | 18 | 277 |
| FY2020 | 21 | $7.9M | $300K | 2 | — | 23 | 198 |
| FY2019 | 8 | $2.0M | $150K | 1 | — | 9 | 70 |
| FY2018 | 13 | $9.9M | $300K | 1 | — | 14 | 93 |
| FY2017 | 16 | $8.0M | $237K | 2 | — | 18 | 160 |
| FY2016 | 14 | $11.1M | $280K | 5 | $1.9M | 19 | 236 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 83 approvals.
Against Missouri and the country
| FY2021–FY2025 | Platte County | Missouri | United States |
|---|---|---|---|
| Approvals | 93 | 5,688 | 342,825 |
| Approvals per 1,000 establishments | 35.0 | 37.6 | 41.0 |
| Median 7(a) approval | $300K | $225K | $190K |
| Median 504 approval | $627K | $553K | $657K |
| Average approval | $666K | $569K | $573K |
| 504 share of approvals | 10.8% | 9.9% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 11.0 | 10.5 |
| Share of state approvals | 1.6% | 100.0% | — |
Approval sizes
- $50,000 or less11.8%11
- $50,001 to $150,00021.5%20
- $150,001 to $350,00017.2%16
- $350,001 to $1 million30.1%28
- $1 million to $2 million11.8%11
- Over $2 million7.5%7
Age of the businesses
- Existing, more than 2 years old46.2%43
- New business, 2 years or less14.0%13
- Startup, loan funds will open the business34.4%32
- Change of ownership5.4%5
Questions and answers
Which lenders make the most SBA loans in Platte County?
By approvals in FY2021 to FY2025: The Huntington National Bank (8), Rural Missouri, Inc. (6), Southern Bank (5), UMB Bank, National Association (5), Newtek Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Platte County?
The median 7(a) approval was $300K and the median 504 approval $627K; the Missouri 7(a) median was $225K.
Which industries get the most SBA loans in Platte County?
Restaurants and Other Eating Places (13); Other Personal Services (8); Other Amusement and Recreation Industries (7); Other Specialty Trade Contractors (6); Services to Buildings and Dwellings (5).
Is SBA lending in Platte County rising?
Approvals in the three latest complete fiscal years total 55, against 61 in the three before: falling (-10%).
How does Platte County compare with the rest of Missouri?
35.0 approvals per 1,000 establishments against 37.6 statewide, and 93 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