SBA loans by state
SBA loans in Oklahoma: 461 approvals in FY 2026, median $300,000
Home-state lenders made 49% of the loans, against 26% nationwide. 24% of loans went to businesses not yet open.
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Oklahoma: 7(a) loans approved last year
461
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Oklahoma: median rate at approval, $250,001 to $350,000 | 9.50% |
| Oklahoma: median 7(a) loan last year | $300,000 |
| Payment over 10 years, SBA fee added to the loan | $4,011/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Oklahoma, FY 2026: 461 SBA 7(a) approvals for $333.3 million (31st of the 50 states and DC, SBA file of September 30, 2026). Home-state lenders made 49% of the loans, against 26% nationwide. 24% of loans went to businesses not yet open. The median loan, $300,000, was the 8th largest of the 50 states and DC. Mid-size loans had a median rate of 9.00%, below the national 9.75%. Only 6% of variable loans sat at the SBA maximum. Only 10% of loans went to businesses under two years old. 504 lending was light, 23 approvals. 18% of loans ran 15 years or longer. Borrowers reported 12.9 jobs per loan. Express was used for only 25% of loans. Today’s cap on a $300,000 variable loan: 11.50%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| BancFirst | 95 | $130,000 | 7.75% | Oklahoma (in-state) |
| Live Oak Banking | 30 | $350,000 | 9.12% | North Carolina |
| Newtek Bank | 27 | $150,000 | 9.75% | Florida |
| Northeast Bank | 24 | $270,550 | 9.75% | Maine |
| First Pryority Bank | 17 | $371,000 | 7.75% | Oklahoma (in-state) |
One of the most home-grown SBA markets
Few states rely on their own banks the way Oklahoma does: 49% of its loans came from a lender headquartered there, 4th highest among the 50 states and DC. BancFirst and First Pryority Bank carry most of that. Margins: 1.25 points over prime at the median for in-state lenders, 2.75 points for the others.
A start-up state
With 24% of loans going to businesses not yet open, Oklahoma ranks 4th highest among the 50 states and DC for start-up lending. Every one of those borrowers had to put in at least 10% of the project cost, under SOP 50 10 8.1.
Among the largest SBA loans in the country
Oklahoma’s median loan of $300,000 is 6th highest among the 50 states and DC. 40% of its loans were above $350,000, where the variable cap falls to prime plus 3 points and the guaranty fee climbs to 3.5% of the guaranteed part once the loan passes $700,000.
Mid-size loans priced below average
On loans of $50,001 to $250,000, the median variable rate in Oklahoma was 9.00%, against 9.75% nationally. A Oklahoma quote above the national median for that size has room to come down.
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 59 | 9.00% | 13.50% |
| $50,001 to $250,000 | 152 | 9.00% | 13.00% |
| $250,001 to $350,000 | 65 | 9.50% | 11.50% |
| over $350,000 | 185 | 8.25% | 10.00% |
Few loans at the ceiling
Only 6% of Oklahoma’s variable loans were priced at the SBA maximum (11% nationally). A quote at the cap would be out of line with what Oklahoma lenders usually charged.
Seasoned borrowers
Firms under two years old took only 10% of Oklahoma’s approvals, 2nd lowest among the 50 states and DC; the market here is built on businesses with several years of tax returns.
504 lending is light
Oklahoma had 23 504 approvals ($23.9 million), 5.0 for every 100 7(a) loans against 10.8 nationally. The busiest certified development companies were Rural Enterprises of Oklahoma, Inc. (6), Metro Area Development Corporation (6) and Small Business Capital Corporation (6).
Real estate loans weigh heavily
18% of Oklahoma’s loans ran 15 years or more, 8th highest among the 50 states and DC. Those long loans are the only ones exposed to SBA’s 5-3-1 prepayment fee.
Counties with the most approvals: Oklahoma (140), Tulsa (100) and Cleveland (33). Trades: hotels and motels (18), full-service restaurants (17), electrical contractors and other wiring installation contractors (15), insurance agencies and brokerages (14) and plumbing, heating, and air-conditioning contractors (12).
All states compared.