FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Arkansas, FY2018
That fiscal year's approvals by lender and by county.
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 362 loans in Arkansas: 352 under 7(a) and 10 under 504, worth $213M.
That is about level with FY2017, when there were 345 approvals worth $203M.
Arkansas accounted for 0.5% of the 66,228 approvals nationwide that year. 62 lenders had at least one approval in the state; Arvest Bank had the most, 64.
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. Data through 30 Jun 2026.
Approvals by lender
The 40 lenders with the most approvals to Arkansas businesses in FY2018, of 62 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Arvest Bank | 7(a) | 64 | $27.0M | 17.7% | 63 | +1 |
| 2 | First Financial Bank | 7(a) | 36 | $28.5M | 9.9% | 31 | +5 |
| 3 | U.S. Bank, National Association | 7(a) | 24 | $2.0M | 6.6% | 11 | +13 |
| 4 | Simmons Bank | 7(a) | 22 | $9.7M | 6.1% | 19 | +3 |
| 5 | Legacy National Bank | 7(a) | 21 | $10.4M | 5.8% | 40 | -19 |
| 6 | Bank OZK | 7(a) | 17 | $8.5M | 4.7% | 10 | +7 |
| 7 | Southern Bancorp Bank | 7(a) | 16 | $18.4M | 4.4% | 0 | new |
| 8 | Regions Bank | 7(a) | 11 | $6.7M | 3.0% | 22 | -11 |
| 9 | First Service Bank | 7(a) | 10 | $6.2M | 2.8% | 8 | +2 |
| 10 | The Huntington National Bank | 7(a) | 9 | $5.3M | 2.5% | 9 | 0 |
| 11 | First Horizon Bank | 7(a) | 7 | $8.3M | 1.9% | 2 | +5 |
| 12 | Stone Bank | 7(a) | 7 | $4.9M | 1.9% | 7 | 0 |
| 13 | FNBC Bank | 7(a) | 7 | $568K | 1.9% | 9 | -2 |
| 14 | Independence Bank | 7(a) | 6 | $800K | 1.7% | 2 | +4 |
| 15 | Rural Missouri, Inc. | 504 | 5 | $6.5M | 1.4% | 4 | +1 |
| 16 | First Community Bank | 7(a) | 5 | $1.8M | 1.4% | 2 | +3 |
| 17 | BayFirst National Bank | 7(a) | 5 | $1.4M | 1.4% | 3 | +2 |
| 18 | ACC Capital | 7(a) | 5 | $811K | 1.4% | 3 | +2 |
| 19 | United Midwest Savings Bank National Association | 7(a) | 5 | $725K | 1.4% | 0 | new |
| 20 | Northeast Bank | 7(a) | 5 | $625K | 1.4% | 2 | +3 |
| 21 | United Bank | 7(a) | 5 | $518K | 1.4% | 3 | +2 |
| 22 | First Bank | 7(a) | 4 | $9.6M | 1.1% | 1 | +3 |
| 23 | Six Bridges Capital Corporation | 504 | 4 | $4.8M | 1.1% | 3 | +1 |
| 24 | Live Oak Banking Company | 7(a) | 4 | $3.6M | 1.1% | 20 | -16 |
| 25 | Centennial Bank | 7(a) | 4 | $1.3M | 1.1% | 0 | new |
| 26 | Celtic Bank Corporation | 7(a) | 4 | $575K | 1.1% | 3 | +1 |
| 27 | RiverBank | 7(a) | 3 | $3.2M | 0.8% | 1 | +2 |
| 28 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $795K | 0.8% | 2 | +1 |
| 29 | First State Bank | 7(a) | 3 | $575K | 0.8% | 0 | new |
| 30 | The First National Bank of Fort Smith | 7(a) | 3 | $245K | 0.8% | 2 | +1 |
| 31 | Bank of America, National Association | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 32 | Peoples Bank and Trust Company | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 33 | Armstrong Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 34 | Stearns Bank National Association | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 35 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 36 | The Citizens Bank | 7(a) | 2 | — | 0.6% | 5 | -3 |
| 37 | Readycap Lending, LLC | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | Pinnacle Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | BizCapital BIDCO I, LLC | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Pulaski County | 58 | $31.2M | 16.0% | 48 | +10 |
| 2 | Benton County | 49 | $30.5M | 13.5% | 58 | -9 |
| 3 | Washington County | 43 | $31.3M | 11.9% | 55 | -12 |
| 4 | Polk County | 18 | $8.8M | 5.0% | 6 | +12 |
| 5 | Sebastian County | 17 | $7.7M | 4.7% | 13 | +4 |
| 6 | Garland County | 16 | $2.8M | 4.4% | 21 | -5 |
| 7 | Saline County | 15 | $2.2M | 4.1% | 4 | +11 |
| 8 | Crawford County | 9 | $3.8M | 2.5% | 3 | +6 |
| 9 | Faulkner County | 9 | $2.7M | 2.5% | 9 | 0 |
| 10 | Craighead County | 9 | $5.9M | 2.5% | 5 | +4 |
| 11 | Baxter County | 7 | $2.0M | 1.9% | 2 | +5 |
| 12 | Independence County | 6 | $7.4M | 1.7% | 4 | +2 |
| 13 | Lonoke County | 5 | $3.1M | 1.4% | 5 | 0 |
| 14 | Randolph County | 5 | $2.7M | 1.4% | 2 | +3 |
| 15 | Sharp County | 5 | $2.4M | 1.4% | 5 | 0 |
| 16 | Johnson County | 5 | $4.2M | 1.4% | 1 | +4 |
| 17 | Union County | 4 | $3.1M | 1.1% | 1 | +3 |
| 18 | Conway County | 4 | $673K | 1.1% | 9 | -5 |
| 19 | Izard County | 4 | $1.2M | 1.1% | 2 | +2 |
| 20 | White County | 4 | $6.7M | 1.1% | 5 | -1 |
| 21 | St. Francis County | 4 | $1.5M | 1.1% | 3 | +1 |
| 22 | Cleburne County | 4 | $687K | 1.1% | 1 | +3 |
| 23 | Ouachita County | 4 | $998K | 1.1% | 1 | +3 |
| 24 | Pope County | 3 | $5.2M | 0.8% | 5 | -2 |
| 25 | Madison County | 3 | $3.9M | 0.8% | 1 | +2 |
| 26 | Bradley County | 3 | $3.3M | 0.8% | 2 | +1 |
| 27 | Boone County | 3 | $1.6M | 0.8% | 4 | -1 |
| 28 | Scott County | 3 | $2.1M | 0.8% | 3 | 0 |
| 29 | Crittenden County | 3 | $4.3M | 0.8% | 2 | +1 |
| 30 | Hot Spring County | 3 | $798K | 0.8% | 1 | +2 |
| 31 | Drew County | 3 | $5.0M | 0.8% | 0 | new |
| 32 | Howard County | 2 | — | 0.6% | 0 | new |
| 33 | Yell County | 2 | — | 0.6% | 3 | -1 |
| 34 | Logan County | 2 | — | 0.6% | 3 | -1 |
| 35 | Grant County | 2 | — | 0.6% | 1 | +1 |
| 36 | Cleveland County | 2 | — | 0.6% | 1 | +1 |
| 37 | Stone County | 2 | — | 0.6% | 2 | 0 |
| 38 | Lincoln County | 1 | — | 0.3% | 0 | new |
| 39 | Hempstead County | 1 | — | 0.3% | 1 | 0 |
| 40 | Perry County | 1 | — | 0.3% | 1 | 0 |
The 40 counties with the most approvals; every county is on the Arkansas page.
FY2018 against FY2017
| Arkansas | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 352 | 338 |
| 7(a) dollars | $201M | $192M |
| Median 7(a) approval | $152K | $185K |
| 504 approvals | 10 | 7 |
| 504 dollars | $12.0M | $10.8M |
| Jobs supported, as reported | 3,869 | 3,280 |
Questions and answers
Which lenders made the most SBA loans in Arkansas in FY2018?
Arvest Bank (64), First Financial Bank (36), U.S. Bank, National Association (24), Simmons Bank (22), Legacy National Bank (21). 62 lenders had at least one approval.
How many SBA loans were approved in Arkansas in FY2018?
362: 352 under 7(a) worth $201M and 10 under 504 worth $12.0M.
Which Arkansas counties had the most SBA approvals in FY2018?
Pulaski County (58), Benton County (49), Washington County (43), Polk County (18), Sebastian County (17).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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