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Many Oklahoma-based banks were among the largest lenders to “The Sooner State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, 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 SBA Lenders in Oklahoma:
Most active SBA lenders in Oklahoma
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | BancFirst | Oklahoma City, OK | 130 | $362,509 | 6.5% |
| 2 | MidFirst Bank | Oklahoma City, OK | 52 | $55,008 | 10.9% |
| 3 | Arvest Bank | Fayetteville, AR | 37 | $223,846 | 6.5% |
| 4 | First Oklahoma Bank | Jenks, OK | 30 | $661,360 | 7.1% |
| 5 | Citizens Bank of Edmond | Edmond, OK | 17 | $262,288 | 7.1% |
| 6 | Spirit Bank | Tulsa, OK | 13 | $864,223 | 7.3% |
| 7 | Security Bank | Tulsa, OK | 10 | $420,520 | 6.9% |
| 8 | Independence Bank | East Greenwich, RI | 10 | $135,000 | 6.1% |
| 9 | JPMorgan Chase Bank | Columbus, OH | 9 | $165,911 | 8.3% |
| 10 | Regent Bank | Tulsa, OK | 9 | $133,922 | 7.7% |
| 11 | Live Oak | Wilmington, NC | 8 | $1,452,500 | 6.9% |
| 12 | Great Plains National Bank | Elk City, OK | 8 | $224,250 | 6.8% |
| 13 | United Midwest Savings Bank | De Graff, OH | 8 | $112,500 | 8.2% |
| 14 | Newtek Small Business Finance | Lake Success, NY | 7 | $1,249,957 | 8.6% |
| 15 | Peoples Bank and Trust | Ryan, OK | 7 | $967,786 | 7.0% |
| 16 | First United Bank and Trust | Durant, OK | 7 | $492,457 | 6.9% |
| 17 | Valliance Bank | Oklahoma City, OK | 7 | $140,071 | 6.4% |
| 18 | First Pryority Bank | Pryor, OK | 5 | $270,000 | 7.0% |
| 19 | Stearns Bank | Saint Cloud, MN | 5 | $269,000 | 8.1% |
| 20 | BOKF | Tulsa, OK | 5 | $168,540 | 5.7% |
Top Oklahoma PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | BancFirst | 6,835 |
| 2 | Arvest Bank | 5,441 |
| 3 | MidFirst Bank | 2,634 |
| 4 | First United Bank and Trust Company | 2,331 |
| 5 | BOKF | 2,113 |
| 6 | RCB Bank | 1,712 |
| 7 | Armstrong Bank | 1,322 |
| 8 | Great Plains National Bank | 1,093 |
| 9 | Bank of America | 1,002 |
| 10 | JPMorgan Chase Bank | 805 |
Top Oklahoma PPP lenders (loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | BancFirst | 963 |
| 2 | Arvest Bank | 478 |
| 3 | BOKF | 353 |
| 4 | MidFirst Bank | 270 |
| 5 | First United Bank and Trust Company | 250 |
| 6 | RCB Bank | 182 |
| 7 | Mabrey Bank | 145 |
| 8 | First Oklahoma Bank | 140 |
| 9 | Security Bank | 139 |
| 10 | Prosperity Bank | 133 |
Note: Oklahoma PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.