Lenders › Southern Bank
7(a) lenderPoplar Bluff, MissouriFDIC-insured bank283rd of 2,184 by approvals
Southern 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 Bank, based in Poplar Bluff, Missouri, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 117 of its 7(a) loans worth $62.3M in FY2021 to FY2025, which places it 283rd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 14 approvals totalling $3.3M, down 22% on FY2024 (18). FY2026 to 30 Jun 2026 adds 21 more.
The median approval was $309K, against $190K for the 7(a) program as a whole; 28.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 11 states and territories and 52 counties, led by Missouri (61.5%), Kansas (10.3%) and Arkansas (8.5%). The largest industry group was other services (except public administration) at 20.5% of approvals, and 17.9% of approvals were to franchise businesses.
Of 325 disbursed loans approved in FY2010 to FY2021, SBA records 21 as charged off (6.5%), 231 as paid in full and 73 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* | 21 | $4.9M | $163K | $235K | 106 |
| FY2025 | 14 | $3.3M | $202K | $232K | 157 |
| FY2024 | 18 | $5.1M | $165K | $283K | 91 |
| FY2023 | 16 | $7.3M | $231K | $454K | 203 |
| FY2022 | 22 | $8.0M | $340K | $362K | 279 |
| FY2021 | 47 | $38.7M | $502K | $823K | 845 |
| FY2020 | 27 | $14.8M | $348K | $547K | 459 |
| FY2019 | 33 | $19.2M | $350K | $582K | 483 |
| FY2018 | 24 | $18.7M | $415K | $780K | 339 |
| FY2017 | 36 | $22.3M | $311K | $619K | 690 |
| FY2016 | 30 | $29.0M | $443K | $968K | 1,110 |
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 150 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 | 357 | 11,816 | 639,905 |
| Cancelled or never disbursed | 32 | 1,369 | 79,313 |
| Disbursed loans | 325 | 10,447 | 560,592 |
| Paid in full | 231 | 8,078 | 435,813 |
| Charged off | 21 | 777 | 36,891 |
| Still outstanding (status exempt from disclosure) | 73 | 1,592 | 87,888 |
| Charged off, share of disbursed loans | 6.5% | 7.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.9% | 3.6% | 2.5% |
| Dollars charged off | $5.7M | $149M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 43 | 11 | 1 | 2.3% | 2.8% |
| FY2020 | 25 | 13 | 0 | — | 4.0% |
| FY2019 | 29 | 17 | 0 | — | 6.7% |
| FY2018 | 21 | 17 | 0 | — | 7.9% |
| FY2017 | 34 | 28 | 0 | 0.0% | 7.7% |
| FY2016 | 27 | 21 | 0 | — | 7.2% |
| FY2015 | 25 | 19 | 5 | — | 6.9% |
| FY2014 | 18 | 16 | 2 | — | 6.4% |
| FY2013 | 9 | 8 | 1 | — | 6.0% |
| FY2012 | 23 | 21 | 2 | — | 6.3% |
| FY2011 | 31 | 25 | 5 | 16.1% | 6.9% |
| FY2010 | 40 | 35 | 5 | 12.5% | 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 | $309K | $190K |
| Average approval | $532K | $518K |
| Approvals of $150,000 or less | 28.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 37.6% | 34.3% |
| Approvals to franchise businesses | 17.9% | 11.5% |
| Jobs supported per approval, as reported | 13.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.5% | 6.6% |
States served
| # | State of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Missouri | 72 | $33.7M | 61.5% | |
| 2 | Kansas | 12 | $8.7M | 10.3% | |
| 3 | Arkansas | 10 | $3.0M | 8.5% | |
| 4 | Texas | 7 | $4.1M | 6.0% | |
| 5 | Florida | 5 | $2.4M | 4.3% | |
| 6 | California | 4 | $2.1M | 3.4% | |
| 7 | Illinois | 3 | $5.5M | 2.6% | |
| 8 | Colorado | 1 | — | 0.9% | |
| 9 | Pennsylvania | 1 | — | 0.9% | |
| 10 | Oregon | 1 | — | 0.9% | |
| 11 | South Carolina | 1 | — | 0.9% |
In Missouri the lender accounts for 1.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (52 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Jackson County, MO | 11 | $5.8M | 9.4% | |
| 2 | Greene County, MO | 10 | $1.6M | 8.5% | |
| 3 | St. Louis County, MO | 8 | $5.8M | 6.8% | |
| 4 | Wyandotte County, KS | 7 | $4.5M | 6.0% | |
| 5 | Platte County, MO | 5 | $6.4M | 4.3% | |
| 6 | Johnson County, KS | 5 | $4.2M | 4.3% | |
| 7 | St. Charles County, MO | 5 | $2.5M | 4.3% | |
| 8 | Scott County, MO | 4 | $596K | 3.4% | |
| 9 | St. Louis city, MO | 3 | $1.2M | 2.6% | |
| 10 | Harris County, TX | 3 | $1.1M | 2.6% | |
| 11 | Clay County, MO | 3 | $662K | 2.6% | |
| 12 | Webster County, MO | 3 | $597K | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 24 | 20.5% | |
| 2 | Accommodation and Food Services | 19 | 16.2% | |
| 3 | Retail Trade | 17 | 14.5% | |
| 4 | Arts, Entertainment, and Recreation | 11 | 9.4% | |
| 5 | Construction | 9 | 7.7% | |
| 6 | Professional, Scientific, and Technical Services | 9 | 7.7% | |
| 7 | Health Care and Social Assistance | 8 | 6.8% | |
| 8 | Manufacturing | 7 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 12.8% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 8.5% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 6.8% | |
| 4 | Personal Care ServicesNAICS 8121 | 6 | 5.1% | |
| 5 | Other Personal ServicesNAICS 8129 | 5 | 4.3% | |
| 6 | Child Day Care ServicesNAICS 6244 | 4 | 3.4% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.4% | |
| 8 | Offices of PhysiciansNAICS 6211 | 3 | 2.6% | |
| 9 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 3 | 2.6% | |
| 10 | Other Motor Vehicle DealersNAICS 4412 | 2 | 1.7% |
Approval sizes
- $50,000 or less7.7%9
- $50,001 to $150,00020.5%24
- $150,001 to $350,00026.5%31
- $350,001 to $1 million30.8%36
- $1 million to $2 million10.3%12
- Over $2 million4.3%5
Loan terms
- 5 years or less1.7%2
- Over 5 to 10 years58.1%68
- Over 10 to 20 years14.5%17
- Over 20 years25.6%30
Age of the businesses
- Existing, more than 2 years old33.3%39
- New business, 2 years or less15.4%18
- Startup, loan funds will open the business22.2%26
- Change of ownership29.1%34
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 86 | 73.5% | |
| 2 | SBA Express Program | 25 | 21.4% | |
| 3 | Preferred Lenders Program | 6 | 5.1% |
Franchise share
21 of 117 approvals in FY2021–FY2025 (17.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | K9 Resorts Luxury Pet Hotel | 3 | 2.6% | |
| 2 | Jimmy John's | 2 | 1.7% | |
| 3 | Maaco | 2 | 1.7% | |
| 4 | Kanga's Indoor Playcenters | 2 | 1.7% | |
| 5 | Glo Tanning | 2 | 1.7% | |
| 6 | Tropical Smoothie Cafe | 2 | 1.7% | |
| 7 | Schlotzsky's | 1 | 0.9% | |
| 8 | Grease Monkey | 1 | 0.9% |
Questions and answers
How many SBA loans does Southern Bank make?
SBA approved 14 7(a) loans through Southern Bank in FY2025, worth $3.3M, and 117 over FY2021 to FY2025. That ranks 283rd of 2,184 active 7(a) lenders by number of approvals.
How large are Southern Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $309K and the average $532K. The program-wide median was $190K.
What is Southern Bank's charge-off rate?
Of 325 disbursed loans approved in FY2010 to FY2021, SBA records 21 as charged off (6.5%), 231 as paid in full and 73 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 Southern Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (15); other amusement and recreation industries (10); automotive repair and maintenance (8); personal care services (6).
Where does Southern Bank make SBA loans?
In 11 states and territories. Missouri 72, Kansas 12, Arkansas 10, Texas 7, Florida 5. In Missouri it accounts for 1.4% of all 7(a) approvals.
Is Southern Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 48, against 96 in the three before: falling (-50%).
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