FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Arkansas, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 301 loans in Arkansas: 286 under 7(a) and 15 under 504, worth $162M.
That is about level with FY2023, when there were 322 approvals worth $217M.
Arkansas accounted for 0.4% of the 76,235 approvals nationwide that year. 56 lenders had at least one approval in the state; Arvest Bank had the most, 23.
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 FY2024, of 56 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Arvest Bank | 7(a) | 23 | $5.1M | 7.6% | 43 | -20 |
| 2 | First Service Bank | 7(a) | 22 | $9.0M | 7.3% | 21 | +1 |
| 3 | U.S. Bank, National Association | 7(a) | 22 | $1.1M | 7.3% | 28 | -6 |
| 4 | The Huntington National Bank | 7(a) | 19 | $10.1M | 6.3% | 19 | 0 |
| 5 | Newtek Bank, National Association | 7(a) | 19 | $5.4M | 6.3% | 2 | +17 |
| 6 | Southern Bancorp Bank | 7(a) | 18 | $5.9M | 6.0% | 6 | +12 |
| 7 | ACC Capital | 7(a) | 16 | $5.1M | 5.3% | 25 | -9 |
| 8 | Rural Missouri, Inc. | 504 | 12 | $12.6M | 4.0% | 13 | -1 |
| 9 | Readycap Lending, LLC | 7(a) | 12 | $3.7M | 4.0% | 5 | +7 |
| 10 | FNBC Bank | 7(a) | 10 | $7.2M | 3.3% | 13 | -3 |
| 11 | Northeast Bank | 7(a) | 10 | $1.2M | 3.3% | 1 | +9 |
| 12 | First Financial Bank | 7(a) | 8 | $15.8M | 2.7% | 27 | -19 |
| 13 | RiverBank | 7(a) | 8 | $702K | 2.7% | 2 | +6 |
| 14 | BayFirst National Bank | 7(a) | 7 | $798K | 2.3% | 10 | -3 |
| 15 | Live Oak Banking Company | 7(a) | 6 | $9.2M | 2.0% | 6 | 0 |
| 16 | Arkansas FCU | 7(a) | 6 | $2.0M | 2.0% | 3 | +3 |
| 17 | First Security Bank | 7(a) | 6 | $1.3M | 2.0% | 11 | -5 |
| 18 | Lendistry SBLC, LLC | 7(a) | 6 | $713K | 2.0% | 1 | +5 |
| 19 | United Midwest Savings Bank National Association | 7(a) | 5 | $3.9M | 1.7% | 3 | +2 |
| 20 | CS Bank | 7(a) | 5 | $2.3M | 1.7% | 2 | +3 |
| 21 | Simmons Bank | 7(a) | 5 | $742K | 1.7% | 4 | +1 |
| 22 | Byline Bank | 7(a) | 4 | $6.7M | 1.3% | 2 | +2 |
| 23 | Wells Fargo Bank National Association | 7(a) | 4 | $5.8M | 1.3% | 1 | +3 |
| 24 | First Bank of the Lake | 7(a) | 4 | $3.6M | 1.3% | 0 | new |
| 25 | Regions Bank | 7(a) | 4 | $3.3M | 1.3% | 5 | -1 |
| 26 | Bank OZK | 7(a) | 3 | $5.5M | 1.0% | 2 | +1 |
| 27 | First Community Bank | 7(a) | 3 | $923K | 1.0% | 0 | new |
| 28 | First Internet Bank of Indiana | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 29 | Six Bridges Capital Corporation | 504 | 2 | — | 0.7% | 2 | 0 |
| 30 | VelocitySBA, LLC | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 31 | Southern Bank | 7(a) | 2 | — | 0.7% | 2 | 0 |
| 32 | Celtic Bank Corporation | 7(a) | 2 | — | 0.7% | 4 | -2 |
| 33 | Evolve Bank and Trust | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 34 | Capital Certified Development Corporation | 504 | 1 | — | 0.3% | 1 | 0 |
| 35 | Citizens Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 36 | Hanover Community Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Armstrong Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | East West Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 39 | Bank of America, National Association | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 40 | GBank | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Benton County | 49 | $27.4M | 16.3% | 43 | +6 |
| 2 | Pulaski County | 48 | $27.0M | 15.9% | 47 | +1 |
| 3 | Washington County | 28 | $15.7M | 9.3% | 37 | -9 |
| 4 | Faulkner County | 20 | $5.9M | 6.6% | 20 | 0 |
| 5 | Sebastian County | 13 | $5.5M | 4.3% | 9 | +4 |
| 6 | Jefferson County | 10 | $8.7M | 3.3% | 7 | +3 |
| 7 | Garland County | 9 | $5.7M | 3.0% | 13 | -4 |
| 8 | Randolph County | 9 | $1.3M | 3.0% | 2 | +7 |
| 9 | White County | 9 | $4.5M | 3.0% | 6 | +3 |
| 10 | Lonoke County | 8 | $2.6M | 2.7% | 5 | +3 |
| 11 | Craighead County | 8 | $7.9M | 2.7% | 9 | -1 |
| 12 | Saline County | 7 | $2.5M | 2.3% | 16 | -9 |
| 13 | Boone County | 7 | $4.2M | 2.3% | 4 | +3 |
| 14 | Clark County | 5 | $321K | 1.7% | 3 | +2 |
| 15 | Baxter County | 5 | $1.3M | 1.7% | 5 | 0 |
| 16 | Carroll County | 5 | $3.3M | 1.7% | 7 | -2 |
| 17 | Pope County | 4 | $1.7M | 1.3% | 6 | -2 |
| 18 | Lincoln County | 4 | $4.9M | 1.3% | 1 | +3 |
| 19 | Crittenden County | 4 | $2.3M | 1.3% | 2 | +2 |
| 20 | Arkansas County | 4 | $1.7M | 1.3% | 0 | new |
| 21 | Stone County | 4 | $2.0M | 1.3% | 0 | new |
| 22 | Union County | 3 | $1.7M | 1.0% | 4 | -1 |
| 23 | Miller County | 3 | $4.5M | 1.0% | 2 | +1 |
| 24 | Cleveland County | 3 | $3.1M | 1.0% | 2 | +1 |
| 25 | Hot Spring County | 3 | $2.1M | 1.0% | 7 | -4 |
| 26 | Ouachita County | 3 | $870K | 1.0% | 2 | +1 |
| 27 | Conway County | 2 | — | 0.7% | 3 | -1 |
| 28 | Van Buren County | 2 | — | 0.7% | 3 | -1 |
| 29 | Cleburne County | 2 | — | 0.7% | 3 | -1 |
| 30 | Franklin County | 2 | — | 0.7% | 0 | new |
| 31 | Drew County | 2 | — | 0.7% | 2 | 0 |
| 32 | Phillips County | 2 | — | 0.7% | 0 | new |
| 33 | Crawford County | 1 | — | 0.3% | 5 | -4 |
| 34 | Hempstead County | 1 | — | 0.3% | 1 | 0 |
| 35 | Perry County | 1 | — | 0.3% | 1 | 0 |
| 36 | Madison County | 1 | — | 0.3% | 1 | 0 |
| 37 | Bradley County | 1 | — | 0.3% | 3 | -2 |
| 38 | Mississippi County | 1 | — | 0.3% | 3 | -2 |
| 39 | Logan County | 1 | — | 0.3% | 1 | 0 |
| 40 | Grant County | 1 | — | 0.3% | 3 | -2 |
The 40 counties with the most approvals; every county is on the Arkansas page.
FY2024 against FY2023
| Arkansas | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 286 | 306 |
| 7(a) dollars | $144M | $199M |
| Median 7(a) approval | $191K | $253K |
| 504 approvals | 15 | 16 |
| 504 dollars | $18.3M | $17.7M |
| Jobs supported, as reported | 2,643 | 3,585 |
Questions and answers
Which lenders made the most SBA loans in Arkansas in FY2024?
Arvest Bank (23), First Service Bank (22), U.S. Bank, National Association (22), The Huntington National Bank (19), Newtek Bank, National Association (19). 56 lenders had at least one approval.
How many SBA loans were approved in Arkansas in FY2024?
301: 286 under 7(a) worth $144M and 15 under 504 worth $18.3M.
Which Arkansas counties had the most SBA approvals in FY2024?
Benton County (49), Pulaski County (48), Washington County (28), Faulkner County (20), Sebastian County (13).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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