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Small business loans are available from many SBA lenders. Here are the most active St. Louis SBA lenders:
Top SBA Lenders in Saint Louis
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 114 | $213,786 | 9.7% |
| 2 | The Bank of Houston | Houston, MO | 20 | $800,995 | 10.7% |
| 3 | Midwest Regional Bank | Festus, MO | 17 | $1,398,941 | 10.5% |
| 4 | BayFirst National Bank | Saint Petersburg, FL | 14 | $151,971 | 12.9% |
| 5 | United Midwest Savings Bank | De Graff, OH | 12 | $294,500 | 10.3% |
| 6 | Newtek Bank | Miami, FL | 10 | $305,200 | 11.4% |
| 7 | Huntington Bank | Columbus, OH | 8 | $259,963 | 10.3% |
| 8 | Readycap Lending, LLC | Berkeley Heights, NJ | 8 | $157,675 | 12.9% |
| 9 | Bank of Springfield | Springfield, IL | 7 | $1,061,386 | 8.5% |
| 10 | Live Oak | Wilmington, NC | 6 | $1,876,667 | 9.4% |
| 11 | St. Louis Bank | St. Louis, MO | 6 | $1,321,000 | 10.1% |
| 12 | American Bank of Freedom | Wellsville, MO | 6 | $1,005,167 | 10.0% |
| 13 | Commerce Bank | Kansas City, MO | 6 | $949,517 | 8.5% |
| 14 | First Bank of the Lake | Osage Beach, MO | 6 | $878,100 | 10.3% |
| 15 | Midland States Bank | Effingham, IL | 6 | $448,867 | 8.8% |
| 16 | Enterprise Bank & Trust | Clayton, MO | 6 | $368,500 | 8.2% |
| 17 | Associated Bank | Green Bay, WI | 6 | $215,000 | 9.5% |
| 18 | Green Bay, WI | 6 | $215,000 | 9.5% | |
| 19 | Port 51 Lending | Green Bay, WI | 6 | $215,000 | 9.5% |
| 20 | Royal Banks of Missouri | University City, MO | 6 | $159,783 | 8.7% |
Top Industries for SBA Loans in Saint Louis
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 17 | Advertising Agencies | 2 | $876,000 | 11.5% |
| 9 | All Other Automotive Repair and Maintenance | 2 | $20,000 | 8.7% |
| 6 | All Other Home Furnishings Retailers | 2 | $226,000 | 10.0% |
| 4 | All Other Miscellaneous Wood Product Manufacturing | 2 | $938,500 | 8.5% |
| 1 | Bowling Centers | 4 | $70,000 | 12.5% |
| 15 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $735,300 | 8.8% |
| 17 | Commercial and Institutional Building Construction | 2 | $21,000 | 8.7% |
| 5 | Commercial Photography | 2 | $380,500 | 8.0% |
| 20 | Commercial Printing (except Screen and Books) | 3 | $325,000 | 10.6% |
| 15 | Computer Systems Design Services | 2 | $390,500 | 11.8% |
| 6 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 4 | $1,050,000 | 11.5% |
| 20 | Drinking Places (Alcoholic Beverages) | 3 | $114,533 | 9.5% |
| 16 | Engineering Services | 2 | $2,656,000 | 8.9% |
| 7 | Gift, Novelty, and Souvenir Retailers | 3 | $1,350,000 | 10.5% |
| 5 | Industrial Supplies Merchant Wholesalers | 4 | $1,022,000 | 10.0% |
| 17 | Interior Design Services | 2 | $18,000 | 10.2% |
| 2 | Landscape Architectural Services | 2 | $471,900 | 9.4% |
| 4 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 4 | $116,500 | 10.6% |
| 17 | Mobile Food Services | 2 | $24,700 | 8.5% |
| 16 | Nail Salons | 5 | $182,000 | 9.8% |
| 18 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 4 | $75,000 | 9.8% |
| 4 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 2 | $253,300 | 9.4% |
| 3 | Other Concrete Product Manufacturing | 2 | $634,400 | 7.5% |
| 7 | Other Electronic Parts and Equipment Merchant Wholesalers | 4 | $451,850 | 10.0% |
| 8 | Pharmacies and Drug Retailers | 3 | $556,467 | 8.8% |
| 15 | Poured Concrete Foundation and Structure Contractors | 2 | $50,000 | 12.5% |
| 18 | Roofing Contractors | 4 | $155,750 | 9.1% |
| 17 | Sports and Recreation Instruction | 4 | $50,000 | 13.3% |
| 17 | Tax Preparation Services | 3 | $133,333 | 8.7% |
| 19 | Vending Machine Operators | 4 | $115,000 | 10.3% |
| 3 | Web Search Portals and All Other Information Services | 2 | $187,700 | 8.5% |
Many entrepreneurs begin their journey by searching “business loans near me” or “SBA lenders near me” on SbaLenders.com. But here’s the truth: the best SBA banks for Saint Louis business owners aren’t always local—they’re often national SBA preferred lenders with faster approvals, higher lending limits, and deeper small business expertise. Whether you’re just starting out or ready to expand, we can connect you today with top-performing SBA lenders—local or national—who specialize in helping Saint Louis businesses succeed.
Connect me to a St. Louis lender!
Top SBA Lenders in Saint Louis | Saint Louis SBA Loans
Introduction
Saint Louis, Missouri, has long been a beacon of entrepreneurship and innovation in the Midwest. For local small business owners, SBA loans play a pivotal role in fueling growth, supporting jobs, and expanding operations. These government-backed loans not only provide much-needed capital but also help business owners in Saint Louis access more favorable terms than traditional lending options. With the city’s continued economic resurgence, SBA lending remains a powerful catalyst for business success.
SBA Lending in Saint Louis: Last Year Overview
In the most recent fiscal year, SBA lending activity in Saint Louis demonstrated the city’s vibrant small business ecosystem:
- Total SBA Loans Issued: $148,029,500
- Number of SBA Loans: 314
- Average Loan Amount: $471,732.80
- Average Interest Rate: 11.06%
- Jobs Supported: 2,757
- SBAlenders.com City Ranking: #26 in the U.S.
These figures highlight the robust demand for SBA funding in the area and its significant role in supporting employment and economic development.
Success Stories of Small Businesses in Saint Louis
Several local businesses distinguished themselves by the number of jobs supported through SBA financing. Here are the top five:
- Rockwell Collective LLC – 86 jobs supported
- Elantis LLC – 55 jobs supported
- First Integrity Mortgage Services – 52 jobs supported
- Ray’s SportsHouse LLC – 40 jobs supported
- R&L Fajitas and Margaritas LLC – 35 jobs supported
These businesses stand out for their job creation, underlining the transformative impact SBA loans can have when used strategically.
Overview of SBA Loan Program in Saint Louis
The SBA 7(a) loan program is the most popular and flexible loan option available for Saint Louis entrepreneurs. Here’s a quick overview of what you need to know:
- Loan Amounts: Up to $5,000,000
- Terms: Up to 10 years for working capital or 25 years for real estate
- SBA interest rates: Negotiated with lender but capped by the SBA
- Use of Funds: Real estate, equipment, debt refinancing, business acquisitions, franchise opening, and working capital
- Down payment: Typically 10%–20%
- Credit score: 680+ ideal; under 640 less likely to qualify
- Collateral: None required, but lender may secure available collateral
This program is ideal for borrowers who may not qualify for traditional commercial loans due to stricter underwriting or lack of collateral.
Surrounding Areas
Business owners in the greater Saint Louis area also benefit from proximity to SBA resources. Here are 15 nearby cities and towns by population:
Arnold, Ballwin, Belleville, Brentwood, Chesterfield, Clayton, Collinsville, Edwardsville, Ferguson, Florissant, Hazelwood, Kirkwood, Maryland Heights, O’Fallon, Webster Groves.
Resources for Small Businesses in Saint Louis
Saint Louis entrepreneurs can tap into a network of resources tailored to help with SBA financing and business development:
- St. Louis District SBA Office – Offers support with SBA loan applications and business counseling.
- SCORE St. Louis – Provides free mentoring and workshops from seasoned business professionals.
- Small Business Development Centers (SBDCs) – Located throughout Missouri, SBDCs offer one-on-one advising, market research, and help with business planning.
- Missouri Women’s Business Center and Veterans Business Outreach Center – Specialized resources for underserved communities.
These organizations are instrumental in helping Saint Louis businesses access funding, improve operations, and grow sustainably.
Summary
SBA loans continue to be a critical financing tool for small businesses in Saint Louis, providing access to capital that helps create jobs and stimulate local economic growth. With hundreds of millions in loans issued and thousands of jobs supported, the city’s entrepreneurial landscape is thriving. Whether you’re searching for SBA loans near me in Saint Louis, top SBA lenders in Saint Louis, or SBA lenders near me in Saint Louis, there’s a wealth of opportunity available to help you grow your business.