Lenders › Legacy Bank & Trust Company
7(a) lenderMt. Grove, MissouriFDIC-insured bank386th of 2,184 by approvals
Legacy Bank & Trust Company
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.
Legacy Bank & Trust Company, based in Mt. Grove, Missouri, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 77 of its 7(a) loans worth $34.2M in FY2021 to FY2025, which places it 386th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 2 approvals totalling —. FY2026 to 30 Jun 2026 adds 1 more.
The median approval was $280K, against $190K for the 7(a) program as a whole; 28.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 19 counties, led by Missouri (96.1%), Kansas (2.6%) and Georgia (1.3%). The largest industry group was retail trade at 19.5% of approvals, and 2.6% of approvals were to franchise businesses.
Of 95 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 70 as paid in full and 25 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 1 | — | — | — | 16 |
| FY2025 | 2 | — | — | — | 100 |
| FY2024 | 1 | — | — | — | 3 |
| FY2023 | 14 | $3.9M | $304K | $282K | 150 |
| FY2022 | 28 | $9.9M | $226K | $352K | 369 |
| FY2021 | 32 | $15.7M | $366K | $491K | 223 |
| FY2020 | 35 | $12.7M | $169K | $364K | 213 |
| FY2019 | 15 | $1.7M | $70K | $113K | 132 |
| FY2018 | 9 | $2.1M | $183K | $234K | 69 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
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 59 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 | Missouri | 7(a) program |
|---|---|---|---|
| Approvals in these years | 105 | 11,816 | 639,905 |
| Cancelled or never disbursed | 10 | 1,369 | 79,313 |
| Disbursed loans | 95 | 10,447 | 560,592 |
| Paid in full | 70 | 8,078 | 435,813 |
| Charged off | 0 | 777 | 36,891 |
| Still outstanding (status exempt from disclosure) | 25 | 1,592 | 87,888 |
| Charged off, share of disbursed loans | 0.0% | 7.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.0% | 3.6% | 2.5% |
| Dollars charged off | $0 | $149M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 29 | 20 | 0 | — | 2.8% |
| FY2020 | 34 | 26 | 0 | 0.0% | 4.0% |
| FY2019 | 12 | 6 | 0 | — | 6.7% |
| FY2018 | 9 | 7 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 3 | 3 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 2 | 2 | 0 | — | 6.9% |
| FY2010 | 5 | 5 | 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 | $280K | $190K |
| Average approval | $445K | $518K |
| Approvals of $150,000 or less | 28.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 53.2% | 34.3% |
| Approvals to franchise businesses | 2.6% | 11.5% |
| Jobs supported per approval, as reported | 11.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Missouri | 74 | $32.7M | 96.1% | |
| 2 | Kansas | 2 | — | 2.6% | |
| 3 | Georgia | 1 | — | 1.3% |
In Missouri the lender accounts for 1.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (19 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Greene County, MO | 36 | $18.0M | 46.8% | |
| 2 | Christian County, MO | 8 | $4.3M | 10.4% | |
| 3 | Webster County, MO | 5 | $1.2M | 6.5% | |
| 4 | Texas County, MO | 5 | $891K | 6.5% | |
| 5 | Wright County, MO | 4 | $1.4M | 5.2% | |
| 6 | Stone County, MO | 3 | $1.9M | 3.9% | |
| 7 | Taney County, MO | 2 | — | 2.6% | |
| 8 | Lawrence County, MO | 2 | — | 2.6% | |
| 9 | Clay County, MO | 2 | — | 2.6% | |
| 10 | Boone County, MO | 1 | — | 1.3% | |
| 11 | Howell County, MO | 1 | — | 1.3% | |
| 12 | Johnson County, KS | 1 | — | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 15 | 19.5% | |
| 2 | Other Services (except Public Administration) | 15 | 19.5% | |
| 3 | Construction | 11 | 14.3% | |
| 4 | Accommodation and Food Services | 9 | 11.7% | |
| 5 | Transportation and Warehousing | 7 | 9.1% | |
| 6 | Professional, Scientific, and Technical Services | 4 | 5.2% | |
| 7 | Real Estate and Rental and Leasing | 4 | 5.2% | |
| 8 | Manufacturing | 2 | 2.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 11.7% | |
| 2 | General Freight TruckingNAICS 4841 | 6 | 7.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.5% | |
| 4 | Lessors of Real EstateNAICS 5311 | 4 | 5.2% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 5.2% | |
| 6 | Clothing and Clothing Accessories RetailersNAICS 4581 | 3 | 3.9% | |
| 7 | Gasoline StationsNAICS 4471 | 3 | 3.9% | |
| 8 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 3 | 3.9% | |
| 9 | Other Personal ServicesNAICS 8129 | 3 | 3.9% | |
| 10 | Legal ServicesNAICS 5411 | 2 | 2.6% |
Approval sizes
- $50,000 or less6.5%5
- $50,001 to $150,00022.1%17
- $150,001 to $350,00029.9%23
- $350,001 to $1 million33.8%26
- $1 million to $2 million5.2%4
- Over $2 million2.6%2
Loan terms
- 5 years or less6.5%5
- Over 5 to 10 years51.9%40
- Over 10 to 20 years5.2%4
- Over 20 years36.4%28
Age of the businesses
- Existing, more than 2 years old37.7%29
- New business, 2 years or less28.6%22
- Startup, loan funds will open the business24.7%19
- Change of ownership9.1%7
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 60 | 77.9% | |
| 2 | SBA Express Program | 9 | 11.7% | |
| 3 | 7a General | 8 | 10.4% |
Franchise share
2 of 77 approvals in FY2021–FY2025 (2.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Walk-On's Bistreaux & Bar | 1 | 1.3% | |
| 2 | Renew Crew | 1 | 1.3% |
Questions and answers
How many SBA loans does Legacy Bank & Trust Company make?
SBA approved 2 7(a) loans through Legacy Bank & Trust Company in FY2025, worth —, and 77 over FY2021 to FY2025. That ranks 386th of 2,184 active 7(a) lenders by number of approvals.
How large are Legacy Bank & Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $280K and the average $445K. The program-wide median was $190K.
What is Legacy Bank & Trust Company's charge-off rate?
Of 95 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 70 as paid in full and 25 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 Legacy Bank & Trust Company lend to most?
By number of approvals in FY2021 to FY2025: automotive repair and maintenance (9); general freight trucking (6); restaurants and other eating places (5); lessors of real estate (4).
Where does Legacy Bank & Trust Company make SBA loans?
In 3 states and territories. Missouri 74, Kansas 2, Georgia 1. In Missouri it accounts for 1.4% of all 7(a) approvals.
Is Legacy Bank & Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 17, against 95 in the three before: falling (-82%).
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