Lenders › Centennial Bank
7(a) lenderConway, ArkansasFDIC-insured bank243rd of 2,184 by approvals
Centennial Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 147 7(a) loans, worth $117M, through Centennial Bank of Conway, Arkansas, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 243rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 25 approvals totalling $16.7M, up 47% on FY2024 (17). FY2026 to 30 Jun 2026 adds 7 more.
The median approval was $400K, against $190K for the 7(a) program as a whole; 22.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 6 states and territories and 48 counties, led by Florida (60.5%), Texas (30.6%) and Arkansas (3.4%). The largest industry group was accommodation and food services at 31.3% of approvals, and 23.8% of approvals were to franchise businesses.
Of 656 disbursed loans approved in FY2010 to FY2021, SBA records 47 as charged off (7.2%), 529 as paid in full and 80 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 7 | $5.9M | $743K | $846K | 67 |
| FY2025 | 25 | $16.7M | $460K | $666K | 624 |
| FY2024 | 17 | $16.2M | $465K | $950K | 265 |
| FY2023 | 19 | $21.8M | $846K | $1.1M | 250 |
| FY2022 | 32 | $26.4M | $340K | $824K | 731 |
| FY2021 | 54 | $36.4M | $380K | $675K | 1,004 |
| FY2020 | 25 | $19.0M | $300K | $759K | 185 |
| FY2019 | 28 | $30.6M | $458K | $1.1M | 457 |
| FY2018 | 32 | $26.1M | $524K | $816K | 542 |
| FY2017 | 57 | $31.6M | $224K | $555K | 618 |
| FY2016 | 72 | $30.7M | $250K | $426K | 861 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 214 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 764 | 31,863 | 639,905 |
| Cancelled or never disbursed | 108 | 3,596 | 79,313 |
| Disbursed loans | 656 | 28,267 | 560,592 |
| Paid in full | 529 | 20,064 | 435,813 |
| Charged off | 47 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 80 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 7.2% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.9% | 3.1% | 2.5% |
| Dollars charged off | $11.5M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 47 | 14 | 0 | 0.0% | 2.8% |
| FY2020 | 20 | 12 | 3 | — | 4.0% |
| FY2019 | 26 | 15 | 2 | — | 6.7% |
| FY2018 | 31 | 20 | 0 | 0.0% | 7.9% |
| FY2017 | 54 | 43 | 1 | 1.9% | 7.7% |
| FY2016 | 67 | 60 | 3 | 4.5% | 7.2% |
| FY2015 | 51 | 47 | 1 | 2.0% | 6.9% |
| FY2014 | 58 | 46 | 9 | 15.5% | 6.4% |
| FY2013 | 82 | 71 | 9 | 11.0% | 6.0% |
| FY2012 | 60 | 56 | 4 | 6.7% | 6.3% |
| FY2011 | 87 | 75 | 12 | 13.8% | 6.9% |
| FY2010 | 73 | 70 | 3 | 4.1% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $400K | $190K |
| Average approval | $799K | $518K |
| Approvals of $150,000 or less | 22.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 43.5% | 34.3% |
| Approvals to franchise businesses | 23.8% | 11.5% |
| Jobs supported per approval, as reported | 19.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 7.2% | 6.6% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 89 | $87.3M | 60.5% | |
| 2 | Texas | 45 | $21.3M | 30.6% | |
| 3 | Arkansas | 5 | $5.8M | 3.4% | |
| 4 | Tennessee | 5 | $412K | 3.4% | |
| 5 | Alabama | 2 | — | 1.4% | |
| 6 | Connecticut | 1 | — | 0.7% |
In Florida the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (48 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 14 | $9.8M | 9.5% | |
| 2 | Pasco County, FL | 10 | $9.3M | 6.8% | |
| 3 | Orange County, FL | 7 | $10.9M | 4.8% | |
| 4 | Broward County, FL | 7 | $7.8M | 4.8% | |
| 5 | Palm Beach County, FL | 7 | $4.5M | 4.8% | |
| 6 | Pinellas County, FL | 6 | $7.0M | 4.1% | |
| 7 | Hillsborough County, FL | 6 | $6.1M | 4.1% | |
| 8 | Randall County, TX | 6 | $1.8M | 4.1% | |
| 9 | Collin County, TX | 6 | $1.3M | 4.1% | |
| 10 | Monroe County, FL | 5 | $4.3M | 3.4% | |
| 11 | Lubbock County, TX | 5 | $2.3M | 3.4% | |
| 12 | Potter County, TX | 5 | $1.1M | 3.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 46 | 31.3% | |
| 2 | Other Services (except Public Administration) | 22 | 15.0% | |
| 3 | Construction | 14 | 9.5% | |
| 4 | Health Care and Social Assistance | 11 | 7.5% | |
| 5 | Retail Trade | 10 | 6.8% | |
| 6 | Transportation and Warehousing | 9 | 6.1% | |
| 7 | Professional, Scientific, and Technical Services | 8 | 5.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 8 | 5.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 41 | 27.9% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 12 | 8.2% | |
| 3 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 5 | 3.4% | |
| 4 | Child Day Care ServicesNAICS 6244 | 5 | 3.4% | |
| 5 | Personal Care ServicesNAICS 8121 | 5 | 3.4% | |
| 6 | Specialized Freight TruckingNAICS 4842 | 4 | 2.7% | |
| 7 | Offices of PhysiciansNAICS 6211 | 3 | 2.0% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 2.0% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 3 | 2.0% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 2.0% |
Approval sizes
- $50,000 or less4.8%7
- $50,001 to $150,00017.7%26
- $150,001 to $350,00025.2%37
- $350,001 to $1 million27.9%41
- $1 million to $2 million13.6%20
- Over $2 million10.9%16
Loan terms
- 5 years or less4.8%7
- Over 5 to 10 years48.3%71
- Over 10 to 20 years18.4%27
- Over 20 years28.6%42
Age of the businesses
- Existing, more than 2 years old37.4%55
- New business, 2 years or less20.4%30
- Startup, loan funds will open the business23.1%34
- Change of ownership19.0%28
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 109 | 74.1% | |
| 2 | SBA Express Program | 32 | 21.8% | |
| 3 | 7a General | 6 | 4.1% |
Franchise share
35 of 147 approvals in FY2021–FY2025 (23.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Toasted Yolk Cafe | 5 | 3.4% | |
| 2 | Spray-Net | 4 | 2.7% | |
| 3 | Radiant Waxing | 2 | 1.4% | |
| 4 | Hotworx | 2 | 1.4% | |
| 5 | Jeremiah's Italian Ice | 2 | 1.4% | |
| 6 | Pizza Hut | 2 | 1.4% | |
| 7 | BurgerFi | 1 | 0.7% | |
| 8 | Mister O1 Extraordinary Pizza | 1 | 0.7% |
Questions and answers
How many SBA loans does Centennial Bank make?
SBA approved 25 7(a) loans through Centennial Bank in FY2025, worth $16.7M, and 147 over FY2021 to FY2025. That ranks 243rd of 2,184 active 7(a) lenders by number of approvals.
How large are Centennial Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $400K and the average $799K. The program-wide median was $190K.
What is Centennial Bank's charge-off rate?
Of 656 disbursed loans approved in FY2010 to FY2021, SBA records 47 as charged off (7.2%), 529 as paid in full and 80 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Centennial Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (41); automotive repair and maintenance (12); drinking places (alcoholic beverages) (5); child day care services (5).
Where does Centennial Bank make SBA loans?
In 6 states and territories. Florida 89, Texas 45, Arkansas 5, Tennessee 5, Alabama 2. In Florida it accounts for 0.4% of all 7(a) approvals.
Is Centennial Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 61, against 111 in the three before: falling (-45%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error