FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Arkansas, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 318 loans in Arkansas: 297 under 7(a) and 21 under 504, worth $127M.
That is about level with FY2019, when there were 340 approvals worth $162M.
Arkansas accounted for 0.6% of the 49,417 approvals nationwide that year. 61 lenders had at least one approval in the state; Arvest Bank had the most, 84.
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 FY2020, of 61 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Arvest Bank | 7(a) | 84 | $14.2M | 26.4% | 53 | +31 |
| 2 | U.S. Bank, National Association | 7(a) | 35 | $1.0M | 11.0% | 30 | +5 |
| 3 | Bank OZK | 7(a) | 17 | $8.4M | 5.3% | 19 | -2 |
| 4 | FNBC Bank | 7(a) | 16 | $4.4M | 5.0% | 15 | +1 |
| 5 | First Service Bank | 7(a) | 15 | $4.5M | 4.7% | 3 | +12 |
| 6 | Rural Missouri, Inc. | 504 | 14 | $10.8M | 4.4% | 6 | +8 |
| 7 | First Financial Bank | 7(a) | 13 | $6.8M | 4.1% | 15 | -2 |
| 8 | Southern Bancorp Bank | 7(a) | 9 | $12.6M | 2.8% | 12 | -3 |
| 9 | The Huntington National Bank | 7(a) | 8 | $4.6M | 2.5% | 16 | -8 |
| 10 | Six Bridges Capital Corporation | 504 | 7 | $5.1M | 2.2% | 4 | +3 |
| 11 | First State Bank | 7(a) | 6 | $2.2M | 1.9% | 1 | +5 |
| 12 | Simmons Bank | 7(a) | 6 | $1.8M | 1.9% | 22 | -16 |
| 13 | BayFirst National Bank | 7(a) | 6 | $1.3M | 1.9% | 11 | -5 |
| 14 | Stone Bank | 7(a) | 5 | $1.6M | 1.6% | 9 | -4 |
| 15 | ACC Capital | 7(a) | 5 | $975K | 1.6% | 6 | -1 |
| 16 | Legacy National Bank | 7(a) | 5 | $467K | 1.6% | 4 | +1 |
| 17 | The First National Bank of Fort Smith | 7(a) | 4 | $1.2M | 1.3% | 5 | -1 |
| 18 | Wells Fargo Bank National Association | 7(a) | 4 | $458K | 1.3% | 2 | +2 |
| 19 | The Citizens Bank | 7(a) | 3 | $1.6M | 0.9% | 8 | -5 |
| 20 | TowneBank | 7(a) | 3 | $1.3M | 0.9% | 0 | new |
| 21 | Grand Savings Bank | 7(a) | 3 | $1.1M | 0.9% | 0 | new |
| 22 | Celtic Bank Corporation | 7(a) | 3 | $845K | 0.9% | 1 | +2 |
| 23 | Live Oak Banking Company | 7(a) | 2 | — | 0.6% | 3 | -1 |
| 24 | First Merchants Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 25 | INTRUST Bank National Association | 7(a) | 2 | — | 0.6% | 3 | -1 |
| 26 | Stearns Bank National Association | 7(a) | 2 | — | 0.6% | 3 | -1 |
| 27 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 28 | Five Star Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 29 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 30 | First Internet Bank of Indiana | 7(a) | 2 | — | 0.6% | 0 | new |
| 31 | Southern Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | Peoples Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | North Valley Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 34 | Citizens Bank | 7(a) | 1 | — | 0.3% | 4 | -3 |
| 35 | Merchants and Farmers Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | BizCapital BIDCO I, LLC | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | PNC Bank, National Association | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | Wallis Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | Columbia Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | US Eagle FCU | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Benton County | 50 | $19.9M | 15.7% | 45 | +5 |
| 2 | Washington County | 38 | $13.2M | 11.9% | 47 | -9 |
| 3 | Pulaski County | 34 | $17.8M | 10.7% | 59 | -25 |
| 4 | Garland County | 20 | $9.0M | 6.3% | 22 | -2 |
| 5 | Faulkner County | 19 | $4.0M | 6.0% | 10 | +9 |
| 6 | Sebastian County | 18 | $8.3M | 5.7% | 19 | -1 |
| 7 | Saline County | 10 | $1.2M | 3.1% | 4 | +6 |
| 8 | Craighead County | 9 | $1.4M | 2.8% | 9 | 0 |
| 9 | Pike County | 8 | $1.1M | 2.5% | 0 | new |
| 10 | Baxter County | 7 | $629K | 2.2% | 5 | +2 |
| 11 | Carroll County | 6 | $2.0M | 1.9% | 2 | +4 |
| 12 | Cleburne County | 6 | $237K | 1.9% | 4 | +2 |
| 13 | Pope County | 5 | $1.8M | 1.6% | 4 | +1 |
| 14 | Randolph County | 5 | $4.5M | 1.6% | 0 | new |
| 15 | Sharp County | 5 | $1.9M | 1.6% | 3 | +2 |
| 16 | Polk County | 5 | $2.8M | 1.6% | 4 | +1 |
| 17 | Clark County | 4 | $1.8M | 1.3% | 6 | -2 |
| 18 | Miller County | 4 | $1.0M | 1.3% | 1 | +3 |
| 19 | White County | 4 | $993K | 1.3% | 7 | -3 |
| 20 | Hot Spring County | 4 | $257K | 1.3% | 2 | +2 |
| 21 | Boone County | 3 | $1.6M | 0.9% | 2 | +1 |
| 22 | Conway County | 3 | $800K | 0.9% | 1 | +2 |
| 23 | Izard County | 3 | $66K | 0.9% | 2 | +1 |
| 24 | Drew County | 3 | $2.7M | 0.9% | 5 | -2 |
| 25 | Cross County | 3 | $1.9M | 0.9% | 0 | new |
| 26 | Independence County | 2 | — | 0.6% | 8 | -6 |
| 27 | Lonoke County | 2 | — | 0.6% | 8 | -6 |
| 28 | Crawford County | 2 | — | 0.6% | 5 | -3 |
| 29 | Montgomery County | 2 | — | 0.6% | 0 | new |
| 30 | Jackson County | 2 | — | 0.6% | 0 | new |
| 31 | Greene County | 2 | — | 0.6% | 3 | -1 |
| 32 | St. Francis County | 2 | — | 0.6% | 0 | new |
| 33 | Marion County | 2 | — | 0.6% | 0 | new |
| 34 | Newton County | 2 | — | 0.6% | 0 | new |
| 35 | Little River County | 2 | — | 0.6% | 0 | new |
| 36 | Poinsett County | 2 | — | 0.6% | 1 | +1 |
| 37 | Stone County | 2 | — | 0.6% | 2 | 0 |
| 38 | Union County | 1 | — | 0.3% | 6 | -5 |
| 39 | Ashley County | 1 | — | 0.3% | 0 | new |
| 40 | Lincoln County | 1 | — | 0.3% | 3 | -2 |
The 40 counties with the most approvals; every county is on the Arkansas page.
FY2020 against FY2019
| Arkansas | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 297 | 330 |
| 7(a) dollars | $111M | $156M |
| Median 7(a) approval | $100K | $150K |
| 504 approvals | 21 | 10 |
| 504 dollars | $15.9M | $5.7M |
| Jobs supported, as reported | 2,722 | 3,606 |
Questions and answers
Which lenders made the most SBA loans in Arkansas in FY2020?
Arvest Bank (84), U.S. Bank, National Association (35), Bank OZK (17), FNBC Bank (16), First Service Bank (15). 61 lenders had at least one approval.
How many SBA loans were approved in Arkansas in FY2020?
318: 297 under 7(a) worth $111M and 21 under 504 worth $15.9M.
Which Arkansas counties had the most SBA approvals in FY2020?
Benton County (50), Washington County (38), Pulaski County (34), Garland County (20), Faulkner County (19).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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