FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Arkansas, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 322 loans in Arkansas: 306 under 7(a) and 16 under 504, worth $217M.
That is up 8% on FY2022, when there were 297 approvals worth $173M.
Arkansas accounted for 0.5% of the 63,286 approvals nationwide that year. 66 lenders had at least one approval in the state; Arvest Bank had the most, 43.
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 FY2023, of 66 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Arvest Bank | 7(a) | 43 | $12.2M | 13.4% | 45 | -2 |
| 2 | U.S. Bank, National Association | 7(a) | 28 | $1.3M | 8.7% | 19 | +9 |
| 3 | First Financial Bank | 7(a) | 27 | $35.6M | 8.4% | 19 | +8 |
| 4 | ACC Capital | 7(a) | 25 | $11.9M | 7.8% | 4 | +21 |
| 5 | First Service Bank | 7(a) | 21 | $18.7M | 6.5% | 16 | +5 |
| 6 | The Huntington National Bank | 7(a) | 19 | $6.1M | 5.9% | 8 | +11 |
| 7 | Rural Missouri, Inc. | 504 | 13 | $15.4M | 4.0% | 22 | -9 |
| 8 | FNBC Bank | 7(a) | 13 | $5.7M | 4.0% | 9 | +4 |
| 9 | First Security Bank | 7(a) | 11 | $3.6M | 3.4% | 10 | +1 |
| 10 | BayFirst National Bank | 7(a) | 10 | $2.4M | 3.1% | 3 | +7 |
| 11 | The First National Bank of Fort Smith | 7(a) | 8 | $721K | 2.5% | 3 | +5 |
| 12 | Live Oak Banking Company | 7(a) | 6 | $13.8M | 1.9% | 7 | -1 |
| 13 | Encore Bank | 7(a) | 6 | $2.8M | 1.9% | 4 | +2 |
| 14 | Southern Bancorp Bank | 7(a) | 6 | $1.5M | 1.9% | 15 | -9 |
| 15 | Readycap Lending, LLC | 7(a) | 5 | $7.3M | 1.6% | 3 | +2 |
| 16 | Regions Bank | 7(a) | 5 | $4.3M | 1.6% | 2 | +3 |
| 17 | Simmons Bank | 7(a) | 4 | $2.3M | 1.2% | 10 | -6 |
| 18 | Celtic Bank Corporation | 7(a) | 4 | $1.2M | 1.2% | 6 | -2 |
| 19 | Equity Bank | 7(a) | 3 | $2.5M | 0.9% | 6 | -3 |
| 20 | Customers Bank | 7(a) | 3 | $2.0M | 0.9% | 1 | +2 |
| 21 | Arkansas FCU | 7(a) | 3 | $1.5M | 0.9% | 1 | +2 |
| 22 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $880K | 0.9% | 7 | -4 |
| 23 | United Midwest Savings Bank National Association | 7(a) | 3 | $450K | 0.9% | 6 | -3 |
| 24 | Harvest Small Business Finance, LLC | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 25 | RiverBank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 26 | Beacon Bank and Trust | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 27 | Six Bridges Capital Corporation | 504 | 2 | — | 0.6% | 6 | -4 |
| 28 | Newtek Bank, National Association | 7(a) | 2 | — | 0.6% | 0 | new |
| 29 | Byline Bank | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 30 | CS Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 31 | Southern Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 32 | Bank OZK | 7(a) | 2 | — | 0.6% | 5 | -3 |
| 33 | Commerce Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 34 | Millennium Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 35 | US Metro Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 36 | Commercial Bank of California | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Old National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | East West Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | Bankwell Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | VelocitySBA, LLC | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Pulaski County | 47 | $23.6M | 14.6% | 49 | -2 |
| 2 | Benton County | 43 | $28.0M | 13.4% | 39 | +4 |
| 3 | Washington County | 37 | $25.8M | 11.5% | 27 | +10 |
| 4 | Faulkner County | 20 | $9.0M | 6.2% | 17 | +3 |
| 5 | Saline County | 16 | $5.1M | 5.0% | 22 | -6 |
| 6 | Garland County | 13 | $3.6M | 4.0% | 20 | -7 |
| 7 | Craighead County | 9 | $5.0M | 2.8% | 7 | +2 |
| 8 | Sebastian County | 9 | $7.9M | 2.8% | 13 | -4 |
| 9 | Columbia County | 7 | $11.7M | 2.2% | 0 | new |
| 10 | Carroll County | 7 | $3.8M | 2.2% | 6 | +1 |
| 11 | Jefferson County | 7 | $11.1M | 2.2% | 2 | +5 |
| 12 | Hot Spring County | 7 | $2.8M | 2.2% | 2 | +5 |
| 13 | Pope County | 6 | $5.5M | 1.9% | 11 | -5 |
| 14 | White County | 6 | $4.0M | 1.9% | 6 | 0 |
| 15 | Lonoke County | 5 | $1.2M | 1.6% | 1 | +4 |
| 16 | Crawford County | 5 | $1.5M | 1.6% | 5 | 0 |
| 17 | Baxter County | 5 | $686K | 1.6% | 6 | -1 |
| 18 | Union County | 4 | $5.9M | 1.2% | 4 | 0 |
| 19 | Boone County | 4 | $5.6M | 1.2% | 0 | new |
| 20 | Clark County | 3 | $2.1M | 0.9% | 2 | +1 |
| 21 | Sharp County | 3 | $3.1M | 0.9% | 4 | -1 |
| 22 | Fulton County | 3 | $357K | 0.9% | 0 | new |
| 23 | Bradley County | 3 | $4.6M | 0.9% | 0 | new |
| 24 | Lawrence County | 3 | $8.5M | 0.9% | 2 | +1 |
| 25 | Mississippi County | 3 | $1.2M | 0.9% | 1 | +2 |
| 26 | Conway County | 3 | $681K | 0.9% | 4 | -1 |
| 27 | Grant County | 3 | $3.8M | 0.9% | 0 | new |
| 28 | Van Buren County | 3 | $1.4M | 0.9% | 2 | +1 |
| 29 | Cleburne County | 3 | $2.1M | 0.9% | 0 | new |
| 30 | Randolph County | 2 | — | 0.6% | 5 | -3 |
| 31 | Miller County | 2 | — | 0.6% | 0 | new |
| 32 | Polk County | 2 | — | 0.6% | 3 | -1 |
| 33 | Cleveland County | 2 | — | 0.6% | 6 | -4 |
| 34 | Crittenden County | 2 | — | 0.6% | 1 | +1 |
| 35 | Greene County | 2 | — | 0.6% | 0 | new |
| 36 | Johnson County | 2 | — | 0.6% | 3 | -1 |
| 37 | Drew County | 2 | — | 0.6% | 5 | -3 |
| 38 | Ouachita County | 2 | — | 0.6% | 0 | new |
| 39 | Clay County | 2 | — | 0.6% | 0 | new |
| 40 | Independence County | 1 | — | 0.3% | 1 | 0 |
The 40 counties with the most approvals; every county is on the Arkansas page.
FY2023 against FY2022
| Arkansas | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 306 | 266 |
| 7(a) dollars | $199M | $149M |
| Median 7(a) approval | $253K | $202K |
| 504 approvals | 16 | 31 |
| 504 dollars | $17.7M | $24.7M |
| Jobs supported, as reported | 3,585 | 3,016 |
Questions and answers
Which lenders made the most SBA loans in Arkansas in FY2023?
Arvest Bank (43), U.S. Bank, National Association (28), First Financial Bank (27), ACC Capital (25), First Service Bank (21). 66 lenders had at least one approval.
How many SBA loans were approved in Arkansas in FY2023?
322: 306 under 7(a) worth $199M and 16 under 504 worth $17.7M.
Which Arkansas counties had the most SBA approvals in FY2023?
Pulaski County (47), Benton County (43), Washington County (37), Faulkner County (20), Saline County (16).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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