SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Arkansas seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Arkansas based on the number of loans, average loan amount, and average interest rates.
Arkansas Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Arvest Bank | Fayetteville, AR | 41 | $214,344 | 6.4% |
| 2 | U.S. Bank | Cincinnati, OH | 26 | $25,862 | 7.9% |
| 3 | First Financial Bank | El Dorado, AR | 21 | $824,819 | 6.6% |
| 4 | First Service Bank | Greenbrier, AR | 21 | $412,981 | 6.7% |
| 5 | Southern Bancorp Bank | Arkadelphia, AR | 14 | $1,070,150 | 5.1% |
| 6 | First Security Bank | Searcy, AR | 12 | $256,833 | 6.6% |
| 7 | FNBC Bank | Ash Flat, AR | 10 | $276,410 | 6.4% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 7 | $325,657 | 8.8% |
| 9 | Celtic Bank | Salt Lake City, UT | 7 | $509,686 | 6.9% |
| 10 | Equity Bank | Andover, KS | 7 | $568,943 | 6.4% |
| 11 | Arkansas Capital Corporation | Little Rock, AR | 6 | $461,783 | 7.8% |
| 12 | BancorpSouth Bank | Tupelo, MS | 6 | $348,700 | 5.1% |
| 13 | The First National Bank of Fort Smith | Fort Smith, AR | 6 | $67,167 | 7.5% |
| 14 | Bank OZK | Little Rock, AR | 5 | $245,400 | 7.0% |
| 15 | Byline Bank | Chicago, IL | 4 | $1,887,500 | 7.1% |
| 16 | Simmons Bank | Pine Bluff, AR | 4 | $592,950 | 5.6% |
| 17 | United Midwest Savings Bank | De Graff, OH | 4 | $395,000 | 7.1% |
| 18 | Berkshire Bank | Pittsfield, MA | 3 | $1,847,667 | 7.9% |
| 19 | Live Oak | Wilmington, NC | 3 | $1,163,333 | 5.9% |
| 20 | Newtek Small Business Finance | Lake Success, NY | 3 | $198,333 | 6.8% |
| 21 | Readycap Lending, LLC | Berkeley Heights, NJ | 3 | $298,567 | 8.8% |
Top Industries for SBA loans in Arkansas
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 14 | $2,132,193 | 6.1% |
| 2 | Full-Service Restaurants | 14 | $413,314 | 6.8% |
| 3 | Broilers and Other Meat Type | 11 | $1,448,055 | 6.3% |
| 4 | Residential Remodelers | 8 | $18,750 | 9.0% |
| 5 | Fitness and Recreational Sports Centers | 7 | $305,271 | 7.0% |
| 6 | Landscaping Services | 6 | $132,167 | 6.5% |
| 7 | Electrical Contractors | 6 | $267,817 | 7.3% |
| 8 | Child Day Care Services | 6 | $1,561,050 | 5.3% |
| 9 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 6 | $88,567 | 5.8% |
| 10 | Snack and Nonalcoholic Beverage Bars | 5 | $157,000 | 6.4% |
| 11 | Chicken Egg Production | 5 | $1,036,420 | 5.8% |
| 12 | Limited-Service Restaurants | 5 | $253,000 | 6.6% |
| 13 | Offices of Chiropractors | 4 | $260,525 | 5.9% |
| 14 | Machine Shops | 4 | $1,115,850 | 6.1% |
| 15 | Beauty Salons | 4 | $174,125 | 9.7% |
| 16 | General Freight Trucking, Local | 4 | $810,175 | 7.4% |
| 17 | Specialized Freight (except Used Goods) Trucking, Local | 4 | $44,150 | 5.3% |
| 18 | Sports and Recreation Instruction | 4 | $276,250 | 7.2% |
| 19 | Offices of Real Estate Agents and Brokers | 4 | $231,350 | 6.4% |
| 20 | Veterinary Services | 3 | $1,357,667 | 7.3% |
| 21 | RV (Recreational Vehicle) Parks and Campgrounds | 3 | $524,133 | 6.0% |
| 22 | Retail Bakeries | 3 | $54,333 | 7.3% |
| 23 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 3 | $848,333 | 6.8% |
| 24 | Other Poultry Production | 3 | $73,333 | 6.6% |
| 25 | Mobile Food Services | 3 | $98,733 | 6.4% |
| 26 | Janitorial Services | 3 | $300,300 | 6.5% |
| 27 | General Automotive Repair | 3 | $142,833 | 5.8% |
| 28 | Funeral Homes and Funeral Services | 3 | $1,445,867 | 5.7% |
| 29 | All Other Specialty Trade Contractors | 3 | $607,267 | 7.7% |
| 30 | Administrative Management and General Management Consulting Services | 3 | $286,533 | 8.1% |
Top SBA Loan Franchises in Arkansas
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | The Goddard School | 4 | $2,309,625 | 5.2% |
| 2 | Best Western | 3 | $1,938,667 | 5.8% |
| 3 | The Maids | 2 | $150,000 | 6.0% |
| 4 | Drama Kids | 2 | $12,000 | 10.0% |
| 5 | Quality Inn | 2 | $1,822,000 | 5.3% |
| 6 | Days Inn | 2 | $1,499,400 | 6.6% |
Top Arkansas SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | LEONARD’S ACE INC. | Russellville, AR | $1M – $2.5M | 8.3% | 120 | |
| 2 | STEGEN ATHLETIC CLUB LLC | Fayetteville, AR | Other Technical and Trade Schools | $500K – $1M | 7.5% | 106 |
| 3 | CREATIVE FOAM PRODUCTS LLC | North Little Rock, AR | Polystyrene Foam Product Manufacturing | $500K – $1M | 6.7% | 100 |
| 4 | RUST DUST AND WANDERLUST LLC | Harrison, AR | $1M – $2.5M | 7.7% | 80 | |
| 5 | C & A HOLDINGS NLR LLC | Brookland, AR | Limited-Service Restaurants | $250K – $500K | 5.8% | 54 |
| 6 | HOME PLATE CAFE AND BAKERY LL | Hot Springs, AR | Full-Service Restaurants | $500K – $1M | 4.2% | 50 |
| 7 | TRIPLE M EDUCATION GROUP LLC | Fort Smith, AR | Child Day Care Services | $500K – $1M | 6.0% | 50 |
| 8 | THE NR GROUP INC. | Siloam Springs, AR | Electronics Stores | $250K or less | 10.8% | 45 |
| 9 | 810 BILLIARDS & BOWLING FORT | Fort Smith, AR | Bowling Centers | $1M – $2.5M | 6.3% | 45 |
| 10 | CIAO BACI LLC | Little Rock, AR | Full-Service Restaurants | $250K or less | 8.0% | 44 |
| 11 | ALLATIVE TECHNOLOGIES LLC | Conway, AR | Computer Systems Design Services | $250K or less | 6.0% | 43 |
| 12 | TRUE DAT HOLDINGS CORPORATION | Fayetteville, AR | Limited-Service Restaurants | $250K or less | 9.8% | 42 |
| 13 | A. AMERICAN MEDICAL RENTALS IN | Little Rock, AR | $250K or less | 7.1% | 40 | |
| 14 | TMJ CAPITAL LLC | Siloam Springs, AR | Veterinary Services | $1M – $2.5M | 8.5% | 40 |
| 15 | T.H. FOODS LLC | Rogers, AR | Full-Service Restaurants | $250K – $500K | 5.5% | 38 |
| 16 | LCE EARLY LEARNING LLC | Rogers, AR | Child Day Care Services | $2.5M – $5M | 5.0% | 38 |
| 17 | TABLE FOR 8 HOSPITALITY LLC | Jonesboro, AR | Full-Service Restaurants | $1M – $2.5M | 8.5% | 37 |
| 18 | SO GOOD RESTAURANT GROUP LLC | Fayetteville, AR | Full-Service Restaurants | $1M – $2.5M | 6.8% | 37 |
| 19 | INNOVATIVE ACCESS SOLUTIONS LL | Rogers, AR | All Other Specialty Trade Contractors | $1M – $2.5M | 9.3% | 35 |
| 20 | GRAHAM BROTHERS ELECTRIC INCOR | Greenbrier, AR | Electrical Contractors | $250K – $500K | 5.5% | 30 |
| 21 | APEX ATHLETICS OF GREENBRIER | Greenbrier, AR | Sports and Recreation Instruction | $250K – $500K | 7.0% | 28 |
| 22 | CAMELOT CATTLE COMPANY LLC | Atkins, AR | Support Activities for Animal Production | $500K – $1M | 5.1% | 28 |
| 23 | IYOYO ENTERPRISE TRANSPORTATIO | Mabelvale, AR | General Freight Trucking, Local | $1M – $2.5M | 5.8% | 28 |
| 24 | DFTS TRANSPORTATION INC. | Mabelvale, AR | General Freight Trucking, Local | $1M – $2.5M | 6.0% | 28 |
| 25 | THE HILLS HIDEAWAY LLC | Fayetteville, AR | Full-Service Restaurants | $250K or less | 5.8% | 27 |
| 26 | CS INTERGRATORS LLC | Sherwood, AR | Security Systems Services (except Locksmiths) | $2.5M – $5M | 7.8% | 26 |
| 27 | EUREKA SPRINGS COFFEE LLC | Eureka Springs, AR | Full-Service Restaurants | $250K or less | 9.0% | 25 |
| 28 | HANSBERRY CONSTRUCTION INC | Jacksonville, AR | Residential Remodelers | $250K or less | 10.5% | 24 |
| 29 | EK LE LLC | Rogers, AR | Full-Service Restaurants | $250K or less | 5.6% | 24 |
| 30 | DELCO P&C LLC | Siloam Springs, AR | Insurance Agencies and Brokerages | $500K – $1M | 8.3% | 24 |
| 31 | KIMBOB INC | Mountain Home, AR | Glass and Glazing Contractors | $500K – $1M | 6.0% | 24 |
| 32 | TOTS LANDING CHILD CARE CENTER | Fayetteville, AR | Child Day Care Services | $250K or less | 6.3% | 20 |
| 33 | ROLLIS ENTERPRISES | Jonesboro, AR | Child Day Care Services | $250K or less | 4.8% | 20 |
| 34 | WASHINGTON COUNTY CRAFT LLC | Elkins, AR | Breweries | $250K or less | 5.0% | 20 |
| 35 | SAINT ENTERPRISES LLC | Maumelle, AR | Offices of Physicians (except Mental Health Specialists) | $250K – $500K | 6.0% | 20 |
| 36 | NATE ELLEN TIRE LLC | El Dorado, AR | $1M – $2.5M | 5.8% | 20 | |
| 37 | COUNSELING BX LLC | Conway, AR | Other Individual and Family Services | $250K or less | 7.3% | 17 |
| 38 | I GOT NEXT APPAREL LLC | Conway, AR | Sports and Recreation Instruction | $250K – $500K | 7.0% | 17 |
| 39 | TSCFWOOD | Batesville, AR | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 6.3% | 16 |
| 40 | K-12 CULINARY CONNECTION LLC | Bryant, AR | Other Management Consulting Services | $250K or less | 7.5% | 15 |
| 41 | TOOTYBIRD PROPERTIES LLC | North Little Rock, AR | Fitness and Recreational Sports Centers | $500K – $1M | 5.3% | 15 |
| 42 | ASAR HOSPITALITY LLC | Little Rock, AR | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 4.5% | 15 |
| 43 | CRYSTAL RIDGE DISTILLERY INCOR | Hot Springs, AR | Distilleries | $250K – $500K | 6.3% | 14 |
| 44 | BRANDMARC DESIGNS LLC | Rogers, AR | Packing and Crating | $250K – $500K | 9.0% | 14 |
| 45 | EUREKA SPRINGS OZARKS COLLECTI | Eureka Springs, AR | Limited-Service Restaurants | $250K – $500K | 4.3% | 14 |
| 46 | BEAN TOOL&DIE INC | Clarksville, AR | Machine Shops | $1M – $2.5M | 5.5% | 13 |
| 47 | BYRD HOLDING COMPANY | Springdale, AR | Machine Shops | $2.5M – $5M | 6.3% | 13 |
| 48 | SUNSHINE HOTEL LLC | Fort Smith, AR | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 7.8% | 13 |
| 49 | JTP L.L.C | Little Rock, AR | Residential Remodelers | $250K or less | 8.5% | 12 |
| 50 | ADRIENNE’S ULTIMATE U LLC | Little Rock, AR | Beauty Salons | $250K or less | 12.0% | 12 |
| 51 | PAQUETTE’S TREE SERVICE | Malvern, AR | Landscaping Services | $250K or less | 5.0% | 12 |
| 52 | PITTER PATTER PLAYHOUSE LLC | Hot Springs National Park, AR | Child Day Care Services | $250K or less | 4.8% | 12 |
| 53 | BARNHILL THERAPY SERVICES LLC | Mountain Home, AR | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $250K or less | 5.5% | 12 |
| 54 | JHMP LLC | Bella Vista, AR | Janitorial Services | $250K or less | 6.0% | 12 |
| 55 | THE NR GROUP INC. | Siloam Springs, AR | Electronic Shopping and Mail-Order Houses | $250K – $500K | 6.0% | 12 |
| 56 | TURN POINT ACCOUNDING AND TAX | Sherwood, AR | Administrative Management and General Management Consulting Services | $500K – $1M | 6.0% | 12 |
| 57 | PHARM Z LLC | Beebe, AR | $1M – $2.5M | 8.3% | 12 | |
| 58 | SHIV SHAKTI HOTELS INC | Conway, AR | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.5% | 12 |
| 59 | KB TIRES LLC | Conway, AR | $250K or less | 9.0% | 11 | |
| 60 | STICK NOUVEAU LLC | Eureka Springs, AR | Full-Service Restaurants | $250K – $500K | 5.5% | 11 |
| 61 | ELITE FLOOR SERVICES LLC | Menifee, AR | Janitorial Services | $500K – $1M | 7.5% | 11 |
Note about SBA lenders near me in Arkansas
When it comes to top Arkansas SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Arkansas preferred lender list, 2) approved lenders in Arkansas, or 3) active participants in the Arkansas SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Arkansas swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Arkansas, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.