A few Missouri-based banks were among the largest lenders to “The Show Me State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in Missouri:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 108 | $115,637 | 7.7% |
| 2 | The Bank of Missouri | Perryville, MO | 86 | $253,619 | 6.4% |
| 3 | Simmons Bank | Pine Bluff, AR | 67 | $500,106 | 6.1% |
| 4 | OakStar Bank | Springfield, MO | 56 | $408,420 | 6.5% |
| 5 | Commerce Bank | Kansas City, MO | 36 | $352,053 | 6.1% |
| 6 | Guaranty Bank | Springfield, MO | 29 | $435,669 | 6.6% |
| 7 | UMB Bank | Kansas City, MO | 28 | $355,779 | 5.2% |
| 8 | Hawthorn Bank | Jefferson City, MO | 24 | $245,030 | 5.4% |
| 9 | Independence Bank | East Greenwich, RI | 23 | $100,000 | 7.5% |
| 10 | Busey Bank | Champaign, IL | 21 | $827,833 | 6.6% |
| 11 | Farmers and Merchants Bank of St. Clair | Saint Clair, MO | 21 | $138,718 | 6.1% |
| 12 | Live Oak | Wilmington, NC | 20 | $1,629,500 | 6.2% |
| 13 | Mid-Missouri Bank | Springfield, MO | 18 | $132,817 | 4.7% |
| 14 | Midwest Regional Bank | Festus, MO | 18 | $552,278 | 6.7% |
| 15 | Regions Bank | Birmingham, AL | 18 | $585,778 | 7.3% |
| 16 | Wells Fargo | Sioux Falls, SD | 17 | $581,176 | 7.0% |
| 17 | Arvest Bank | Fayetteville, AR | 16 | $392,231 | 6.0% |
| 18 | Celtic Bank | Salt Lake City, UT | 16 | $162,500 | 7.0% |
| 19 | FortuneBank | Arnold, MO | 16 | $637,875 | 6.9% |
| 20 | PNC Bank | Wilmington, DE | 16 | $155,956 | 6.6% |
| 21 | American Bank of Missouri | Wellsville, MO | 15 | $1,360,600 | 6.6% |
| 22 | CrossFirst Bank | Leawood, KS | 15 | $458,133 | 6.4% |
| 23 | First Home Bank | Seminole, FL | 15 | $236,667 | 6.8% |
| 24 | Scott CU | Edwardsville, IL | 12 | $225,775 | 6.9% |
| 25 | BancorpSouth Bank | Tupelo, MS | 9 | $219,311 | 5.2% |