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County16th of 106 in Missouri by approvalsFIPS 29167
SBA loans in Polk 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 Polk County, Missouri, received 69 SBA loan approvals worth $36.3M in FY2021 to FY2025 (66 7(a), 3 504).
That is 115.0 approvals per 1,000 business establishments (600 establishments in 2023), above the Missouri figure of 37.6 and above the national 41.0.
It ranks 16th of 106 Missouri counties with approvals. In FY2025 there were 25, up 79% on FY2024.
15 lenders had approvals here; the most active were OakStar Bank (43), Live Oak Banking Company (5) and St. Clair County State Bank (4). The most common industry was poultry and egg production.
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 Polk County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | OakStar BankSpringfield, MO | 43 | $22.9M | 62.3% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 5 | $8.3M | 7.2% | |
| 3 | St. Clair County State BankOsceola, MO | 4 | $551K | 5.8% | |
| 4 | Rural Missouri, Inc.Jefferson City, MO · CDC | 3 | $1.8M | 4.3% | |
| 5 | Mid-Missouri BankSpringfield, MO | 2 | — | 2.9% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.9% | |
| 7 | Arvest BankFayetteville, AR | 2 | — | 2.9% | |
| 8 | First Service BankGreenbrier, AR | 1 | — | 1.4% | |
| 9 | The Bank of MissouriPerryville, MO | 1 | — | 1.4% | |
| 10 | First Independent BankAurora, MO | 1 | — | 1.4% | |
| 11 | O'Bannon Banking CompanyBuffalo, MO | 1 | — | 1.4% | |
| 12 | Southern BankPoplar Bluff, MO | 1 | — | 1.4% | |
| 13 | Four States Bank, Inc.Carthage, MO | 1 | — | 1.4% | |
| 14 | Commerce BankKansas City, MO | 1 | — | 1.4% | |
| 15 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Poultry and Egg ProductionNAICS 1123 | 5 | 7.2% | |
| 2 | Cattle Ranching and FarmingNAICS 1121 | 5 | 7.2% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.2% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 4 | 5.8% | |
| 5 | Business Support ServicesNAICS 5614 | 3 | 4.3% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 4.3% | |
| 7 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 3 | 4.3% | |
| 8 | General Freight TruckingNAICS 4841 | 3 | 4.3% | |
| 9 | Other General Purpose Machinery ManufacturingNAICS 3339 | 2 | 2.9% | |
| 10 | Other Wood Product ManufacturingNAICS 3219 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 11 | 15.9% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 10 | 14.5% | |
| 3 | Other Services (except Public Administration) | 10 | 14.5% | |
| 4 | Manufacturing | 8 | 11.6% | |
| 5 | Accommodation and Food Services | 7 | 10.1% | |
| 6 | Retail Trade | 6 | 8.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 5.8% | |
| 8 | Health Care and Social Assistance | 4 | 5.8% |
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* | 4 | $5.8M | $1.2M | 0 | — | 4 | 14 |
| FY2025 | 25 | $23.3M | $493K | 0 | — | 25 | 142 |
| FY2024 | 14 | $4.2M | $224K | 0 | — | 14 | 52 |
| FY2023 | 14 | $3.6M | $150K | 1 | — | 15 | 106 |
| FY2022 | 5 | $874K | $150K | 1 | — | 6 | 42 |
| FY2021 | 8 | $2.6M | $265K | 1 | — | 9 | 32 |
| FY2020 | 7 | $3.1M | $222K | 3 | $380K | 10 | 21 |
| FY2019 | 8 | $2.1M | $150K | 0 | — | 8 | 104 |
| FY2018 | 7 | $903K | $100K | 2 | — | 9 | 37 |
| FY2017 | 1 | — | — | 0 | — | 1 | 19 |
| FY2016 | 4 | $781K | $181K | 0 | — | 4 | 33 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 32 approvals.
Against Missouri and the country
| FY2021–FY2025 | Polk County | Missouri | United States |
|---|---|---|---|
| Approvals | 69 | 5,688 | 342,825 |
| Approvals per 1,000 establishments | 115.0 | 37.6 | 41.0 |
| Median 7(a) approval | $230K | $225K | $190K |
| Median 504 approval | $481K | $553K | $657K |
| Average approval | $527K | $569K | $573K |
| 504 share of approvals | 4.3% | 9.9% | 11.0% |
| Jobs supported per approval, as reported | 5.4 | 11.0 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less13.0%9
- $50,001 to $150,00024.6%17
- $150,001 to $350,00023.2%16
- $350,001 to $1 million27.5%19
- $1 million to $2 million5.8%4
- Over $2 million5.8%4
Age of the businesses
- Existing, more than 2 years old37.7%26
- New business, 2 years or less14.5%10
- Startup, loan funds will open the business34.8%24
- Change of ownership13.0%9
Questions and answers
Which lenders make the most SBA loans in Polk County?
By approvals in FY2021 to FY2025: OakStar Bank (43), Live Oak Banking Company (5), St. Clair County State Bank (4), Rural Missouri, Inc. (3), Mid-Missouri Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Polk County?
The median 7(a) approval was $230K and the median 504 approval $481K; the Missouri 7(a) median was $225K.
Which industries get the most SBA loans in Polk County?
Poultry and Egg Production (5); Cattle Ranching and Farming (5); Restaurants and Other Eating Places (5); Building Equipment Contractors (4); Business Support Services (3).
Is SBA lending in Polk County rising?
Approvals in the three latest complete fiscal years total 54, against 25 in the three before: rising (+116%).
How does Polk County compare with the rest of Missouri?
115.0 approvals per 1,000 establishments against 37.6 statewide, and 69 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