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County4th of 70 in Oklahoma by approvalsFIPS 40017
SBA loans in Canadian County, Oklahoma
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 128 loans to businesses in Canadian County, Oklahoma, in FY2021 to FY2025, worth $66.9M: 120 under 7(a) and 8 under 504.
That is 41.5 approvals per 1,000 business establishments (3,085 establishments in 2023), above the Oklahoma figure of 29.1 and close to the national 41.0.
It ranks 4th of 70 Oklahoma counties with approvals. In FY2025 there were 30, up 30% on FY2024.
41 lenders had approvals here; the most active were BancFirst (48), Bank7 (10) and Great Plains National Bank (7). 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 Canadian County
By number of approvals to businesses in the county, FY2021–FY2025; 41 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | BancFirstOklahoma City, OK | 48 | $15.7M | 37.5% | |
| 2 | Bank7Oklahoma City, OK | 10 | $2.9M | 7.8% | |
| 3 | Great Plains National BankElk City, OK | 7 | $3.8M | 5.5% | |
| 4 | Arvest BankFayetteville, AR | 6 | $1.4M | 4.7% | |
| 5 | Rural Enterprises of Oklahoma, Inc.Durant, OK · CDC | 4 | $7.7M | 3.1% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 4 | $601K | 3.1% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 3 | $1.6M | 2.3% | |
| 8 | MidFirst BankOklahoma City, OK | 3 | $98K | 2.3% | |
| 9 | Metro Area Development CorporationOklahoma City, OK · CDC | 2 | — | 1.6% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 1.6% | |
| 11 | First Security Bank and Trust CompanyOklahoma City, OK | 2 | — | 1.6% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 1.6% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 1.6% | |
| 14 | First Bank of the LakeOsage Beach, MO | 2 | — | 1.6% | |
| 15 | Sovereign BankShawnee, OK | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 11.7% | |
| 2 | General Freight TruckingNAICS 4841 | 10 | 7.8% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 5.5% | |
| 4 | Child Day Care ServicesNAICS 6244 | 5 | 3.9% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 3.9% | |
| 6 | Support Activities for Road TransportationNAICS 4884 | 5 | 3.9% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.1% | |
| 8 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 2.3% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 2.3% | |
| 10 | Grocery StoresNAICS 4451 | 3 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 19 | 14.8% | |
| 2 | Accommodation and Food Services | 18 | 14.1% | |
| 3 | Construction | 15 | 11.7% | |
| 4 | Retail Trade | 14 | 10.9% | |
| 5 | Health Care and Social Assistance | 11 | 8.6% | |
| 6 | Manufacturing | 9 | 7.0% | |
| 7 | Other Services (except Public Administration) | 7 | 5.5% | |
| 8 | Professional, Scientific, and Technical Services | 7 | 5.5% |
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* | 18 | $9.7M | $295K | 1 | — | 19 | 248 |
| FY2025 | 28 | $10.8M | $170K | 2 | — | 30 | 347 |
| FY2024 | 23 | $18.1M | $415K | 0 | — | 23 | 300 |
| FY2023 | 13 | $2.3M | $78K | 2 | — | 15 | 148 |
| FY2022 | 29 | $7.7M | $140K | 3 | $5.5M | 32 | 286 |
| FY2021 | 27 | $11.7M | $214K | 1 | — | 28 | 334 |
| FY2020 | 19 | $12.4M | $160K | 1 | — | 20 | 233 |
| FY2019 | 19 | $3.8M | $45K | 1 | — | 20 | 183 |
| FY2018 | 12 | $3.2M | $110K | 0 | — | 12 | 143 |
| FY2017 | 17 | $9.0M | $219K | 1 | — | 18 | 248 |
| FY2016 | 17 | $4.7M | $153K | 1 | — | 18 | 92 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 88 approvals.
Against Oklahoma and the country
| FY2021–FY2025 | Canadian County | Oklahoma | United States |
|---|---|---|---|
| Approvals | 128 | 2,802 | 342,825 |
| Approvals per 1,000 establishments | 41.5 | 29.1 | 41.0 |
| Median 7(a) approval | $172K | $250K | $190K |
| Median 504 approval | $2.2M | $569K | $657K |
| Average approval | $523K | $611K | $573K |
| 504 share of approvals | 6.3% | 7.4% | 11.0% |
| Jobs supported per approval, as reported | 11.1 | 12.2 | 10.5 |
| Share of state approvals | 4.6% | 100.0% | — |
Approval sizes
- $50,000 or less14.8%19
- $50,001 to $150,00028.9%37
- $150,001 to $350,00021.9%28
- $350,001 to $1 million19.5%25
- $1 million to $2 million9.4%12
- Over $2 million5.5%7
Age of the businesses
- Existing, more than 2 years old48.4%62
- New business, 2 years or less9.4%12
- Startup, loan funds will open the business36.7%47
- Change of ownership5.5%7
Questions and answers
Which lenders make the most SBA loans in Canadian County?
By approvals in FY2021 to FY2025: BancFirst (48), Bank7 (10), Great Plains National Bank (7), Arvest Bank (6), Rural Enterprises of Oklahoma, Inc. (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Canadian County?
The median 7(a) approval was $172K and the median 504 approval $2.2M; the Oklahoma 7(a) median was $250K.
Which industries get the most SBA loans in Canadian County?
Restaurants and Other Eating Places (15); General Freight Trucking (10); Other Specialty Trade Contractors (7); Child Day Care Services (5); Other Amusement and Recreation Industries (5).
Is SBA lending in Canadian County rising?
Approvals in the three latest complete fiscal years total 68, against 80 in the three before: falling (-15%).
How does Canadian County compare with the rest of Oklahoma?
41.5 approvals per 1,000 establishments against 29.1 statewide, and 128 of the state's 2,802 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