Lenders › Southern Bancorp Bank
7(a) lenderArkadelphia, ArkansasFDIC-insured bank255th of 2,184 by approvals
Southern Bancorp 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.
Southern Bancorp Bank (Arkadelphia, Arkansas) is an FDIC-insured bank in the SBA 7(a) program, 255th of 2,184 by approvals in FY2021 to FY2025: 137 loans worth $120M.
In FY2025, the latest complete fiscal year, it had 54 approvals totalling $41.8M, up 74% on FY2024 (31). FY2026 to 30 Jun 2026 adds 32 more.
The median approval was $327K, against $190K for the 7(a) program as a whole; 33.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 11 states and territories and 56 counties, led by Arkansas (72.3%), Mississippi (16.8%) and Tennessee (2.9%). The largest industry group was health care and social assistance at 23.4% of approvals, and 14.6% of approvals were to franchise businesses.
Of 70 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (2.9%), 30 as paid in full and 38 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* | 32 | $39.5M | $644K | $1.2M | 301 |
| FY2025 | 54 | $41.8M | $331K | $773K | 848 |
| FY2024 | 31 | $21.0M | $250K | $677K | 368 |
| FY2023 | 9 | $5.6M | $150K | $620K | 118 |
| FY2022 | 17 | $22.9M | $608K | $1.3M | 154 |
| FY2021 | 26 | $29.0M | $788K | $1.1M | 276 |
| FY2020 | 10 | $14.9M | $1.3M | $1.5M | 16 |
| FY2019 | 15 | $14.4M | $500K | $961K | 70 |
| FY2018 | 18 | $20.8M | $172K | $1.2M | 87 |
| 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 43 approvals. First approval on file: FY2011.
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 | Arkansas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 73 | 3,649 | 639,905 |
| Cancelled or never disbursed | 3 | 394 | 79,313 |
| Disbursed loans | 70 | 3,255 | 560,592 |
| Paid in full | 30 | 2,511 | 435,813 |
| Charged off | 2 | 224 | 36,891 |
| Still outstanding (status exempt from disclosure) | 38 | 520 | 87,888 |
| Charged off, share of disbursed loans | 2.9% | 6.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.4% | 3.4% | 2.5% |
| Dollars charged off | $272K | $56.9M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 25 | 4 | 0 | — | 2.8% |
| FY2020 | 8 | 3 | 0 | — | 4.0% |
| FY2019 | 15 | 7 | 1 | — | 6.7% |
| FY2018 | 18 | 14 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 1 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 1 | 1 | 0 | — | 6.3% |
| FY2011 | 2 | 1 | 1 | — | 6.9% |
| FY2010 | 0 | 0 | 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 | $327K | $190K |
| Average approval | $877K | $518K |
| Approvals of $150,000 or less | 33.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 61.3% | 34.3% |
| Approvals to franchise businesses | 14.6% | 11.5% |
| Jobs supported per approval, as reported | 12.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.9% | 6.6% |
States served
| # | State of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Arkansas | 99 | $66.9M | 72.3% | |
| 2 | Mississippi | 23 | $30.3M | 16.8% | |
| 3 | Tennessee | 4 | $4.6M | 2.9% | |
| 4 | Texas | 3 | $6.0M | 2.2% | |
| 5 | Oklahoma | 2 | — | 1.5% | |
| 6 | Louisiana | 1 | — | 0.7% | |
| 7 | Kansas | 1 | — | 0.7% | |
| 8 | Missouri | 1 | — | 0.7% | |
| 9 | California | 1 | — | 0.7% | |
| 10 | Florida | 1 | — | 0.7% | |
| 11 | Wisconsin | 1 | — | 0.7% |
In Arkansas the lender accounts for 6.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (56 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Garland County, AR | 12 | $2.9M | 8.8% | |
| 2 | Pulaski County, AR | 11 | $7.9M | 8.0% | |
| 3 | Benton County, AR | 9 | $10.4M | 6.6% | |
| 4 | Union County, AR | 9 | $4.6M | 6.6% | |
| 5 | Washington County, AR | 8 | $8.7M | 5.8% | |
| 6 | Clark County, AR | 5 | $2.1M | 3.6% | |
| 7 | Hot Spring County, AR | 4 | $2.6M | 2.9% | |
| 8 | Craighead County, AR | 4 | $1.2M | 2.9% | |
| 9 | Ashley County, AR | 4 | $711K | 2.9% | |
| 10 | Arkansas County, AR | 4 | $530K | 2.9% | |
| 11 | Jones County, MS | 3 | $8.4M | 2.2% | |
| 12 | Saline County, AR | 3 | $3.4M | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 32 | 23.4% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 27 | 19.7% | |
| 3 | Retail Trade | 16 | 11.7% | |
| 4 | Accommodation and Food Services | 13 | 9.5% | |
| 5 | Other Services (except Public Administration) | 12 | 8.8% | |
| 6 | Manufacturing | 6 | 4.4% | |
| 7 | Arts, Entertainment, and Recreation | 6 | 4.4% | |
| 8 | Professional, Scientific, and Technical Services | 6 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Poultry and Egg ProductionNAICS 1123 | 22 | 16.1% | |
| 2 | Child Day Care ServicesNAICS 6244 | 18 | 13.1% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 8.0% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 7 | 5.1% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 4.4% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 4 | 2.9% | |
| 7 | LoggingNAICS 1133 | 3 | 2.2% | |
| 8 | Clothing and Clothing Accessories RetailersNAICS 4581 | 3 | 2.2% | |
| 9 | Other Personal ServicesNAICS 8129 | 3 | 2.2% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 1.5% |
Approval sizes
- $50,000 or less13.1%18
- $50,001 to $150,00020.4%28
- $150,001 to $350,00020.4%28
- $350,001 to $1 million19.7%27
- $1 million to $2 million9.5%13
- Over $2 million16.8%23
Loan terms
- 5 years or less8.8%12
- Over 5 to 10 years45.3%62
- Over 10 to 20 years35.8%49
- Over 20 years10.2%14
Age of the businesses
- Existing, more than 2 years old27.7%38
- New business, 2 years or less24.8%34
- Startup, loan funds will open the business36.5%50
- Change of ownership10.9%15
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 81 | 59.1% | |
| 2 | 7a General | 32 | 23.4% | |
| 3 | SBA Express Program | 24 | 17.5% |
Franchise share
20 of 137 approvals in FY2021–FY2025 (14.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Goddard School | 14 | 10.2% | |
| 2 | Once Upon A Child | 1 | 0.7% | |
| 3 | The Lash Lounge | 1 | 0.7% | |
| 4 | Pirtek | 1 | 0.7% | |
| 5 | Napa AutoCare Program Membership Agreement | 1 | 0.7% | |
| 6 | StretchMed | 1 | 0.7% | |
| 7 | Goosehead Insurance | 1 | 0.7% |
Questions and answers
How many SBA loans does Southern Bancorp Bank make?
SBA approved 54 7(a) loans through Southern Bancorp Bank in FY2025, worth $41.8M, and 137 over FY2021 to FY2025. That ranks 255th of 2,184 active 7(a) lenders by number of approvals.
How large are Southern Bancorp Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $327K and the average $877K. The program-wide median was $190K.
What is Southern Bancorp Bank's charge-off rate?
Of 70 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (2.9%), 30 as paid in full and 38 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 Southern Bancorp Bank lend to most?
By number of approvals in FY2021 to FY2025: poultry and egg production (22); child day care services (18); restaurants and other eating places (11); offices of other health practitioners (7).
Where does Southern Bancorp Bank make SBA loans?
In 11 states and territories. Arkansas 99, Mississippi 23, Tennessee 4, Texas 3, Oklahoma 2. In Arkansas it accounts for 6.3% of all 7(a) approvals.
Is Southern Bancorp Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 94, against 53 in the three before: rising (+77%).
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