SBA 7(a) lenders in Franklin, AR
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
16 institutions have SBA 7(a) loans on record in Franklin, together $41.8M across 36 loans. Live Oak Banking Company is the largest, with 23% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | $9.7M | 23.2% | 0.00% |
| 2 | Southern Bancorp Bank | 4 | $7.8M | 18.7% | 0.00% |
| 3 | Simmons Bank | 5 | $7.4M | 17.8% | 0.11% |
| 4 | Ameris Bank | 1 | $4.6M | 11.1% | 0.00% |
| 5 | First Financial Bank | 8 | $3.4M | 8.1% | 0.00% |
| 6 | ACC Capital | 2 | $2.5M | 5.9% | 0.00% |
| 7 | First-Citizens Bank & Trust Company | 1 | $2.3M | 5.6% | 70.37% |
| 8 | Arvest Bank | 3 | $1.9M | 4.5% | 0.00% |
| 9 | Columbia Bank | 1 | $766K | 1.8% | 0.00% |
| 10 | First Service Bank | 1 | $720K | 1.7% | 0.00% |
| 11 | The First National Bank of Fort Smith | 2 | $220K | 0.5% | 0.00% |
| 12 | Celtic Bank Corporation | 1 | $145K | 0.3% | 0.00% |
| 13 | Newtek Bank, National Association | 1 | $126K | 0.3% | 0.00% |
| 14 | First State Bank | 1 | $75K | 0.2% | 0.00% |
| 15 | SoFi Bank, National Association | 1 | $40K | 0.1% | 92.65% |
| 16 | Bank of Hope | 1 | $20K | 0.0% | 83.67% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Agriculture, forestry & fishing | 21 | $25.8M | 61.7% |
| 2 | Health care & social assistance | 1 | $4.6M | 11.1% |
| 3 | Accommodation & food services | 4 | $4.3M | 10.3% |
| 4 | Real estate & leasing | 1 | $4.1M | 9.9% |
| 5 | Retail trade | 3 | $2.6M | 6.3% |
| 6 | Other services | 1 | $126K | 0.3% |
| 7 | Professional & technical services | 1 | $75K | 0.2% |
| 8 | Construction | 2 | $49K | 0.1% |
| 9 | Retail trade | 2 | $40K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.