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County15th of 70 in Oklahoma by approvalsFIPS 40047
SBA loans in Garfield 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.
Businesses in Garfield County, Oklahoma, received 36 SBA loan approvals worth $29.0M in FY2021 to FY2025 (31 7(a), 5 504).
That is 23.5 approvals per 1,000 business establishments (1,532 establishments in 2023), below the Oklahoma figure of 29.1 and below the national 41.0.
It ranks 15th of 70 Oklahoma counties with approvals. In FY2025 there were 6.
20 lenders had approvals here; the most active were Cowboy Bank (6), Rural Enterprises of Oklahoma, Inc. (4) and BancFirst (4). The most common industry was home health care services.
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 Garfield County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cowboy BankKremlin, OK | 6 | $1.5M | 16.7% | |
| 2 | Rural Enterprises of Oklahoma, Inc.Durant, OK · CDC | 4 | $2.1M | 11.1% | |
| 3 | BancFirstOklahoma City, OK | 4 | $344K | 11.1% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 3 | $4.7M | 8.3% | |
| 5 | Great Plains National BankElk City, OK | 3 | $2.2M | 8.3% | |
| 6 | Stride Bank, National AssociationEnid, OK | 2 | — | 5.6% | |
| 7 | Merchants Bank of IndianaCarmel, IN | 1 | — | 2.8% | |
| 8 | Southwestern National BankHouston, TX | 1 | — | 2.8% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.8% | |
| 10 | IncredibleBankWausau, WI | 1 | — | 2.8% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.8% | |
| 12 | Dream First Bank National AssociationSyracuse, KS | 1 | — | 2.8% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.8% | |
| 14 | Small Business Capital CorporationTulsa, OK · CDC | 1 | — | 2.8% | |
| 15 | The Huntington National BankColumbus, OH | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Home Health Care ServicesNAICS 6216 | 4 | 11.1% | |
| 2 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 4 | 11.1% | |
| 3 | Traveler AccommodationNAICS 7211 | 2 | 5.6% | |
| 4 | Gasoline StationsNAICS 4571 | 2 | 5.6% | |
| 5 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 2 | 5.6% | |
| 6 | Support Activities for Road TransportationNAICS 4884 | 2 | 5.6% | |
| 7 | Specialized Freight TruckingNAICS 4842 | 2 | 5.6% | |
| 8 | General Freight TruckingNAICS 4841 | 2 | 5.6% | |
| 9 | Management of Companies and EnterprisesNAICS 5511 | 1 | 2.8% | |
| 10 | Gasoline StationsNAICS 4471 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 7 | 19.4% | |
| 2 | Transportation and Warehousing | 7 | 19.4% | |
| 3 | Health Care and Social Assistance | 5 | 13.9% | |
| 4 | Finance and Insurance | 4 | 11.1% | |
| 5 | Manufacturing | 3 | 8.3% | |
| 6 | Accommodation and Food Services | 2 | 5.6% | |
| 7 | Construction | 2 | 5.6% | |
| 8 | Real Estate and Rental and Leasing | 2 | 5.6% |
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* | 7 | $9.2M | $250K | 0 | — | 7 | 193 |
| FY2025 | 5 | $5.1M | $500K | 1 | — | 6 | 244 |
| FY2024 | 7 | $10.6M | $850K | 1 | — | 8 | 133 |
| FY2023 | 8 | $801K | $95K | 1 | — | 9 | 65 |
| FY2022 | 5 | $1.8M | $300K | 1 | — | 6 | 18 |
| FY2021 | 6 | $8.1M | $807K | 1 | — | 7 | 130 |
| FY2020 | 6 | $3.2M | $488K | 1 | — | 7 | 164 |
| FY2019 | 3 | $8.2M | $4.0M | 2 | — | 5 | 26 |
| FY2018 | 0 | — | — | 0 | — | 0 | 0 |
| FY2017 | 5 | $4.4M | $850K | 0 | — | 5 | 48 |
| FY2016 | 8 | $8.8M | $822K | 0 | — | 8 | 91 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 25 approvals.
Against Oklahoma and the country
| FY2021–FY2025 | Garfield County | Oklahoma | United States |
|---|---|---|---|
| Approvals | 36 | 2,802 | 342,825 |
| Approvals per 1,000 establishments | 23.5 | 29.1 | 41.0 |
| Median 7(a) approval | $350K | $250K | $190K |
| Median 504 approval | $410K | $569K | $657K |
| Average approval | $805K | $611K | $573K |
| 504 share of approvals | 13.9% | 7.4% | 11.0% |
| Jobs supported per approval, as reported | 16.4 | 12.2 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less13.9%5
- $50,001 to $150,00022.2%8
- $150,001 to $350,00016.7%6
- $350,001 to $1 million33.3%12
- $1 million to $2 million2.8%1
- Over $2 million11.1%4
Age of the businesses
- Existing, more than 2 years old69.4%25
- New business, 2 years or less11.1%4
- Startup, loan funds will open the business13.9%5
- Change of ownership5.6%2
Questions and answers
Which lenders make the most SBA loans in Garfield County?
By approvals in FY2021 to FY2025: Cowboy Bank (6), Rural Enterprises of Oklahoma, Inc. (4), BancFirst (4), Live Oak Banking Company (3), Great Plains National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Garfield County?
The median 7(a) approval was $350K and the median 504 approval $410K; the Oklahoma 7(a) median was $250K.
Which industries get the most SBA loans in Garfield County?
Home Health Care Services (4); Agencies, Brokerages, and Other Insurance Related Activities (4); Traveler Accommodation (2); Gasoline Stations (2); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (2).
Is SBA lending in Garfield County rising?
Approvals in the three latest complete fiscal years total 23, against 20 in the three before: rising (+15%).
How does Garfield County compare with the rest of Oklahoma?
23.5 approvals per 1,000 establishments against 29.1 statewide, and 36 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