Lenders › Simmons Bank
7(a) lenderPine Bluff, ArkansasFDIC-insured bank196th of 2,184 by approvals
Simmons 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.
Simmons Bank, based in Pine Bluff, Arkansas, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 196 of its 7(a) loans worth $124M in FY2021 to FY2025, which places it 196th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 10 approvals totalling $7.5M, down 60% on FY2024 (25). FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $348K, against $190K for the 7(a) program as a whole; 18.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 23 states and territories and 96 counties, led by Texas (32.1%), Missouri (17.3%) and Arkansas (12.8%). The largest industry group was other services (except public administration) at 21.9% of approvals, and 34.7% of approvals were to franchise businesses.
Of 3,587 disbursed loans approved in FY2010 to FY2021, SBA records 379 as charged off (10.6%), 2,754 as paid in full and 454 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* | 3 | $952K | $280K | $317K | 15 |
| FY2025 | 10 | $7.5M | $161K | $746K | 159 |
| FY2024 | 25 | $16.5M | $269K | $658K | 363 |
| FY2023 | 40 | $20.9M | $355K | $522K | 657 |
| FY2022 | 60 | $48.6M | $459K | $810K | 1,002 |
| FY2021 | 61 | $30.9M | $307K | $507K | 1,065 |
| FY2020 | 109 | $39.4M | $310K | $362K | 1,083 |
| FY2019 | 275 | $97.8M | $259K | $356K | 2,435 |
| FY2018 | 383 | $149M | $258K | $389K | 4,118 |
| FY2017 | 478 | $196M | $260K | $410K | 5,925 |
| FY2016 | 418 | $161M | $269K | $385K | 5,189 |
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 1,663 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 | Texas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 3,929 | 48,931 | 639,905 |
| Cancelled or never disbursed | 342 | 5,758 | 79,313 |
| Disbursed loans | 3,587 | 43,173 | 560,592 |
| Paid in full | 2,754 | 31,848 | 435,813 |
| Charged off | 379 | 3,650 | 36,891 |
| Still outstanding (status exempt from disclosure) | 454 | 7,675 | 87,888 |
| Charged off, share of disbursed loans | 10.6% | 8.5% | 6.6% |
| Dollars charged off, share of disbursed dollars | 5.3% | 2.9% | 2.5% |
| Dollars charged off | $72.7M | $682M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 51 | 22 | 0 | 0.0% | 2.8% |
| FY2020 | 93 | 44 | 5 | 5.4% | 4.0% |
| FY2019 | 235 | 144 | 11 | 4.7% | 6.7% |
| FY2018 | 355 | 204 | 36 | 10.1% | 7.9% |
| FY2017 | 442 | 302 | 55 | 12.4% | 7.7% |
| FY2016 | 382 | 292 | 46 | 12.0% | 7.2% |
| FY2015 | 387 | 335 | 32 | 8.3% | 6.9% |
| FY2014 | 325 | 282 | 34 | 10.5% | 6.4% |
| FY2013 | 346 | 297 | 36 | 10.4% | 6.0% |
| FY2012 | 315 | 280 | 32 | 10.2% | 6.3% |
| FY2011 | 326 | 280 | 39 | 12.0% | 6.9% |
| FY2010 | 330 | 272 | 53 | 16.1% | 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 | $348K | $190K |
| Average approval | $634K | $518K |
| Approvals of $150,000 or less | 18.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 49.5% | 34.3% |
| Approvals to franchise businesses | 34.7% | 11.5% |
| Jobs supported per approval, as reported | 16.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 10.6% | 6.6% |
States served
| # | State of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 63 | $59.6M | 32.1% | |
| 2 | Missouri | 34 | $22.1M | 17.3% | |
| 3 | Arkansas | 25 | $10.6M | 12.8% | |
| 4 | Oklahoma | 17 | $6.2M | 8.7% | |
| 5 | Tennessee | 15 | $9.3M | 7.7% | |
| 6 | Kansas | 8 | $4.8M | 4.1% | |
| 7 | Georgia | 4 | $1.2M | 2.0% | |
| 8 | Florida | 4 | $985K | 2.0% | |
| 9 | Ohio | 4 | $686K | 2.0% | |
| 10 | Michigan | 3 | $1.3M | 1.5% | |
| 11 | New Jersey | 3 | $914K | 1.5% | |
| 12 | California | 2 | — | 1.0% |
In Texas the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (96 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Harris County, TX | 15 | $15.6M | 7.7% | |
| 2 | Montgomery County, TX | 13 | $10.9M | 6.6% | |
| 3 | Tarrant County, TX | 7 | $5.8M | 3.6% | |
| 4 | St. Louis County, MO | 7 | $5.2M | 3.6% | |
| 5 | Tulsa County, OK | 6 | $2.4M | 3.1% | |
| 6 | Shelby County, TN | 5 | $2.7M | 2.6% | |
| 7 | Greene County, MO | 5 | $2.1M | 2.6% | |
| 8 | Oklahoma County, OK | 5 | $1.3M | 2.6% | |
| 9 | Jackson County, MO | 4 | $6.8M | 2.0% | |
| 10 | Dallas County, TX | 4 | $4.5M | 2.0% | |
| 11 | Sedgwick County, KS | 4 | $2.3M | 2.0% | |
| 12 | Pulaski County, AR | 4 | $2.1M | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 43 | 21.9% | |
| 2 | Retail Trade | 26 | 13.3% | |
| 3 | Accommodation and Food Services | 25 | 12.8% | |
| 4 | Health Care and Social Assistance | 22 | 11.2% | |
| 5 | Construction | 18 | 9.2% | |
| 6 | Arts, Entertainment, and Recreation | 12 | 6.1% | |
| 7 | Professional, Scientific, and Technical Services | 10 | 5.1% | |
| 8 | Wholesale Trade | 9 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 25 | 12.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 21 | 10.7% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 14 | 7.1% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 12 | 6.1% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 4.6% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 8 | 4.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 6 | 3.1% | |
| 8 | Specialty Food StoresNAICS 4452 | 5 | 2.6% | |
| 9 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 5 | 2.6% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 2.6% |
Approval sizes
- $50,000 or less2.0%4
- $50,001 to $150,00016.8%33
- $150,001 to $350,00033.7%66
- $350,001 to $1 million29.1%57
- $1 million to $2 million11.2%22
- Over $2 million7.1%14
Loan terms
- 5 years or less1.0%2
- Over 5 to 10 years66.8%131
- Over 10 to 20 years15.3%30
- Over 20 years16.8%33
Age of the businesses
- Existing, more than 2 years old30.1%59
- New business, 2 years or less8.7%17
- Startup, loan funds will open the business40.8%80
- Change of ownership20.4%40
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 172 | 87.8% | |
| 2 | SBA Express Program | 20 | 10.2% | |
| 3 | 7a General | 3 | 1.5% | |
| 4 | Working Capital CAPLine | 1 | 0.5% |
Franchise share
68 of 196 approvals in FY2021–FY2025 (34.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | European Wax Center | 13 | 6.6% | |
| 2 | The Joint Chiropractic | 11 | 5.6% | |
| 3 | The Toasted Yolk Cafe | 3 | 1.5% | |
| 4 | Club Pilates | 3 | 1.5% | |
| 5 | Kiddie Academy | 2 | 1.0% | |
| 6 | Servpro | 2 | 1.0% | |
| 7 | Line-X | 2 | 1.0% | |
| 8 | Waxing the City | 2 | 1.0% |
Questions and answers
How many SBA loans does Simmons Bank make?
SBA approved 10 7(a) loans through Simmons Bank in FY2025, worth $7.5M, and 196 over FY2021 to FY2025. That ranks 196th of 2,184 active 7(a) lenders by number of approvals.
How large are Simmons Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $348K and the average $634K. The program-wide median was $190K.
What is Simmons Bank's charge-off rate?
Of 3,587 disbursed loans approved in FY2010 to FY2021, SBA records 379 as charged off (10.6%), 2,754 as paid in full and 454 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 Simmons Bank lend to most?
By number of approvals in FY2021 to FY2025: personal care services (25); restaurants and other eating places (21); offices of other health practitioners (14); other amusement and recreation industries (12).
Where does Simmons Bank make SBA loans?
In 23 states and territories. Texas 63, Missouri 34, Arkansas 25, Oklahoma 17, Tennessee 15. In Texas it accounts for 0.3% of all 7(a) approvals.
Is Simmons Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 75, against 230 in the three before: falling (-67%).
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