Lenders › First Oklahoma Bank
7(a) lenderJenks, OklahomaFDIC-insured bank367th of 2,184 by approvals
First Oklahoma 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 82 7(a) loans, worth $87.7M, through First Oklahoma Bank of Jenks, Oklahoma, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 367th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 15 approvals totalling $14.4M, down 17% on FY2024 (18). FY2026 to 30 Jun 2026 adds 9 more.
The median approval was $572K, against $190K for the 7(a) program as a whole; 12.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 18 counties, led by Oklahoma (86.6%), Texas (3.7%) and Florida (3.7%). The largest industry group was construction at 19.5% of approvals, and 11.0% of approvals were to franchise businesses.
Of 225 disbursed loans approved in FY2010 to FY2021, SBA records 20 as charged off (8.9%), 141 as paid in full and 64 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 9 | $13.6M | $1.0M | $1.5M | 157 |
| FY2025 | 15 | $14.4M | $875K | $962K | 338 |
| FY2024 | 18 | $21.4M | $500K | $1.2M | 382 |
| FY2023 | 9 | $5.3M | $300K | $586K | 115 |
| FY2022 | 20 | $17.8M | $588K | $892K | 227 |
| FY2021 | 20 | $28.8M | $902K | $1.4M | 368 |
| FY2020 | 22 | $23.9M | $670K | $1.1M | 349 |
| FY2019 | 30 | $21.8M | $413K | $726K | 479 |
| FY2018 | 13 | $10.3M | $437K | $794K | 155 |
| FY2017 | 34 | $25.0M | $328K | $734K | 515 |
| FY2016 | 19 | $9.0M | $280K | $472K | 287 |
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 118 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 | Oklahoma | 7(a) program |
|---|---|---|---|
| Approvals in these years | 244 | 5,893 | 639,905 |
| Cancelled or never disbursed | 19 | 643 | 79,313 |
| Disbursed loans | 225 | 5,250 | 560,592 |
| Paid in full | 141 | 3,941 | 435,813 |
| Charged off | 20 | 354 | 36,891 |
| Still outstanding (status exempt from disclosure) | 64 | 955 | 87,888 |
| Charged off, share of disbursed loans | 8.9% | 6.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.7% | 3.6% | 2.5% |
| Dollars charged off | $5.3M | $87.7M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 17 | 6 | 0 | — | 2.8% |
| FY2020 | 18 | 8 | 0 | — | 4.0% |
| FY2019 | 24 | 12 | 0 | — | 6.7% |
| FY2018 | 12 | 4 | 1 | — | 7.9% |
| FY2017 | 31 | 16 | 5 | 16.1% | 7.7% |
| FY2016 | 19 | 15 | 2 | — | 7.2% |
| FY2015 | 23 | 19 | 2 | — | 6.9% |
| FY2014 | 15 | 13 | 0 | — | 6.4% |
| FY2013 | 21 | 17 | 1 | — | 6.0% |
| FY2012 | 22 | 16 | 3 | — | 6.3% |
| FY2011 | 20 | 12 | 6 | — | 6.9% |
| FY2010 | 3 | 3 | 0 | — | 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 | $572K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 12.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 17.1% | 34.3% |
| Approvals to franchise businesses | 11.0% | 11.5% |
| Jobs supported per approval, as reported | 17.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 8.9% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Oklahoma | 71 | $75.2M | 86.6% | |
| 2 | Texas | 3 | $3.5M | 3.7% | |
| 3 | Florida | 3 | $1.2M | 3.7% | |
| 4 | Colorado | 2 | — | 2.4% | |
| 5 | Kansas | 1 | — | 1.2% | |
| 6 | California | 1 | — | 1.2% | |
| 7 | Missouri | 1 | — | 1.2% |
In Oklahoma the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (18 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Tulsa County, OK | 48 | $49.5M | 58.5% | |
| 2 | Oklahoma County, OK | 5 | $9.1M | 6.1% | |
| 3 | Creek County, OK | 5 | $6.2M | 6.1% | |
| 4 | Rogers County, OK | 5 | $2.2M | 6.1% | |
| 5 | Okmulgee County, OK | 3 | $1.3M | 3.7% | |
| 6 | Dallas County, TX | 2 | — | 2.4% | |
| 7 | Osage County, OK | 2 | — | 2.4% | |
| 8 | Martin County, FL | 2 | — | 2.4% | |
| 9 | Cleveland County, OK | 1 | — | 1.2% | |
| 10 | Denver County, CO | 1 | — | 1.2% | |
| 11 | Sedgwick County, KS | 1 | — | 1.2% | |
| 12 | Smith County, TX | 1 | — | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 19.5% | |
| 2 | Health Care and Social Assistance | 11 | 13.4% | |
| 3 | Manufacturing | 10 | 12.2% | |
| 4 | Professional, Scientific, and Technical Services | 9 | 11.0% | |
| 5 | Other Services (except Public Administration) | 7 | 8.5% | |
| 6 | Retail Trade | 7 | 8.5% | |
| 7 | Accommodation and Food Services | 5 | 6.1% | |
| 8 | Finance and Insurance | 4 | 4.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 6 | 7.3% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 6.1% | |
| 3 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 6.1% | |
| 4 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 4 | 4.9% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.9% | |
| 6 | Traveler AccommodationNAICS 7211 | 3 | 3.7% | |
| 7 | Home Health Care ServicesNAICS 6216 | 3 | 3.7% | |
| 8 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 2.4% | |
| 9 | Lessors of Real EstateNAICS 5311 | 2 | 2.4% | |
| 10 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 2.4% |
Approval sizes
- $50,001 to $150,00012.2%10
- $150,001 to $350,00022.0%18
- $350,001 to $1 million35.4%29
- $1 million to $2 million15.9%13
- Over $2 million14.6%12
Loan terms
- Over 5 to 10 years47.6%39
- Over 10 to 20 years9.8%8
- Over 20 years42.7%35
Age of the businesses
- Existing, more than 2 years old68.3%56
- New business, 2 years or less6.1%5
- Startup, loan funds will open the business11.0%9
- Change of ownership14.6%12
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 75 | 91.5% | |
| 2 | SBA Express Program | 7 | 8.5% |
Franchise share
9 of 82 approvals in FY2021–FY2025 (11.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Meineke Car Care Center | 3 | 3.7% | |
| 2 | Safe Homecare | 3 | 3.7% | |
| 3 | Burn Boot Camp Fitness | 1 | 1.2% | |
| 4 | RE/MAX Regional Services f | 1 | 1.2% | |
| 5 | Restoration 1 | 1 | 1.2% |
Questions and answers
How many SBA loans does First Oklahoma Bank make?
SBA approved 15 7(a) loans through First Oklahoma Bank in FY2025, worth $14.4M, and 82 over FY2021 to FY2025. That ranks 367th of 2,184 active 7(a) lenders by number of approvals.
How large are First Oklahoma Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $572K and the average $1.1M. The program-wide median was $190K.
What is First Oklahoma Bank's charge-off rate?
Of 225 disbursed loans approved in FY2010 to FY2021, SBA records 20 as charged off (8.9%), 141 as paid in full and 64 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 First Oklahoma Bank lend to most?
By number of approvals in FY2021 to FY2025: building equipment contractors (6); automotive repair and maintenance (5); foundation, structure, and building exterior contractors (5); agencies, brokerages, and other insurance related activities (4).
Where does First Oklahoma Bank make SBA loans?
In 7 states and territories. Oklahoma 71, Texas 3, Florida 3, Colorado 2, Kansas 1. In Oklahoma it accounts for 2.7% of all 7(a) approvals.
Is First Oklahoma Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 42, against 62 in the three before: falling (-32%).
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