Oklahoma SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Oklahoma
Since FY2020, 235 lenders have funded 3,247 SBA loans worth $1.9B for businesses in Oklahoma. Borrowers reported 39,573 jobs supported by those loans. Below is who actually writes them, how big they run, and which Oklahoma businesses get funded.
Most active SBA lenders in Oklahoma
Ranked by loans funded for Oklahoma projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Oklahoma beats a local name that rarely writes SBA loans.
| Lender | Program | OK loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| BancFirst | 7(a) | 668 | 139 | $200K | 6.25% |
| Arvest Bank | 7(a) | 223 | 28 | $94K | 6.5% |
| Rural Enterprises of Oklahoma, Inc. | 504 (CDC) | 125 | 20 | $518K | n/a |
| Live Oak Banking Company | 7(a) | 106 | 35 | $773K | 8% |
| First Oklahoma Bank | 7(a) | 85 | 18 | $625K | 6.25% |
| The Huntington National Bank | 7(a) | 81 | 24 | $278K | 10.25% |
| Security Bank | 7(a) | 77 | 10 | $421K | 6% |
| Great Plains National Bank | 7(a) | 73 | 10 | $201K | 9.09% |
| Legacy Bank | 7(a) | 72 | 8 | $80K | 5.9% |
| First United Bank and Trust Company | 7(a) | 60 | 14 | $458K | 6.75% |
| Regent Bank | 7(a) | 59 | 7 | $300K | 7.5% |
| Readycap Lending, LLC | 7(a) | 57 | 28 | $100K | 11% |
| Northeast Bank | 7(a) | 53 | 36 | $150K | 10.5% |
| Small Business Capital Corporation | 504 (CDC) | 48 | 11 | $527K | n/a |
| First Pryority Bank | 7(a) | 45 | 17 | $300K | 7.75% |
| BayFirst National Bank | 7(a) | 45 | 10 | $150K | 12.25% |
| MidFirst Bank | 7(a) | 44 | 2 | $55K | 11% |
| Newtek Bank, National Association | 7(a) | 43 | 26 | $175K | 11% |
| SpiritBank | 7(a) | 39 | 1 | $327K | 6% |
| United Midwest Savings Bank National Association | 7(a) | 39 | 8 | $150K | 7.5% |
| Celtic Bank Corporation | 7(a) | 37 | 18 | $150K | 10.25% |
| Tulsa Economic Development Corporation | 504 (CDC) | 37 | 9 | $449K | n/a |
| BOKF, National Association | 7(a) | 34 | 5 | $371K | 7.03% |
| JPMorgan Chase Bank, National Association | 7(a) | 30 | 9 | $140K | 11.38% |
| Mabrey Bank | 7(a) | 30 | 10 | $259K | 5.75% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Oklahoma SBA loans run
Share of Oklahoma 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | OK | US |
|---|---|---|
| Under $150K | 32.8% | 40.4% |
| $150K to $500K | 36.4% | 31.9% |
| $500K to $1M | 14.6% | 12.9% |
| $1M and up | 16.2% | 14.9% |
Who gets funded in Oklahoma
Business age on Oklahoma 7(a) loans. 13% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | OK | US |
|---|---|---|
| Established, more than 2 years | 45.5% | 55.2% |
| New, 2 years or less | 15.7% | 16.9% |
| Startup, loan opens the business | 25.8% | 16.8% |
| Change of ownership (buying a business) | 13% | 11.1% |
Industries Oklahoma SBA lenders fund most
Share of all Oklahoma SBA loans by industry, and how that compares with the national mix.
| Industry | OK loans | Share | Compared with US |
|---|---|---|---|
| Restaurants and hotels | 436 | 13.4% | in line with national |
| Retail | 411 | 12.7% | in line with national |
| Construction | 385 | 11.9% | in line with national |
| Healthcare | 337 | 10.4% | in line with national |
| Personal and repair services | 321 | 9.9% | in line with national |
| Manufacturing | 236 | 7.3% | in line with national |
| Professional services | 229 | 7.1% | 0.8x the national share |
| Transportation and trucking | 167 | 5.1% | in line with national |
The most common specific business types funded in Oklahoma: full-service restaurants (144), limited-service restaurants (104), insurance agencies and brokerages (91), hotels (except casino hotels) and motels (85), fitness and recreational sports centers (64), child care services (59).
Where in Oklahoma the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Oklahoma | 889 | 27% |
| Tulsa | 732 | 23% |
| Cleveland | 232 | 7% |
| Canadian | 150 | 5% |
| Wagoner | 60 | 2% |
| Rogers | 60 | 2% |
| Creek | 60 | 2% |
| Muskogee | 52 | 2% |
7(a) or 504 in Oklahoma
7% of Oklahoma SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $529K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Oklahoma:
- Rural Enterprises of Oklahoma, Inc.: 123 504 loans, median $527K
- Small Business Capital Corporation: 48 504 loans, median $527K
- Tulsa Economic Development Corporation: 37 504 loans, median $449K
- Metro Area Development Corporation: 14 504 loans, median $895K
Oklahoma SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 442 | 24 | $225M |
| FY2021 | 537 | 50 | $381M |
| FY2022 | 501 | 45 | $294M |
| FY2023 | 413 | 33 | $224M |
| FY2024 | 428 | 23 | $308M |
| FY2025 | 423 | 35 | $297M |
| FY2026 (through June 30, 2026) | 279 | 14 | $205M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in Oklahoma?
By funded loans since FY2020, BancFirst leads Oklahoma with 668 loans.
How big is a typical SBA loan in Oklahoma?
The median 7(a) loan in Oklahoma is $250K, and the middle half runs from $100K to $605K. The median 504 loan is $529K. Nationally the 7(a) median is $200K.
What interest rate do Oklahoma SBA borrowers get?
The median starting rate on Oklahoma 7(a) loans since FY2020 is 7.5%, against 9.25% nationally. 78% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Oklahoma?
Yes. 42% of Oklahoma 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Oklahoma. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.