Best Oklahoma SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Oklahoma
SBA Loans in Oklahoma
Oklahoma businesses received $306.3M in SBA 7(a) loan approvals across 510 businesses in 2025, supporting 7,276 jobs. With 96 active SBA lenders competing for business in Oklahoma, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Oklahoma is $601K at 9.7%, which is 0.62% below the national average of 10.32%. The top lender in Oklahoma is BancFirst, with the most-funded industry being Hotels (except Casino Hotels) and Motels.
SBA Loans in Oklahoma by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Oklahoma, here’s how SBA lending breaks down:
Startups represent 16% of Oklahoma SBA loans (110 loans totaling $49.5M). Business acquisitions (change of ownership) account for 27% (59 loans, $81.4M). Existing businesses make up the largest share at 46% (282 loans). If you’re buying a business in Oklahoma, acquisitions are a well-established use case for SBA 7(a) loans.
Oklahoma vs. National Average
How does Oklahoma’s SBA lending market compare to the national average in 2025?
Oklahoma9.7%
National Avg10.32%
✅ Oklahoma’s avg rate is 0.62% lower than the national average
Oklahoma$601K
National Avg$478K
Oklahoma’s avg loan is 1.3x the national average
A rate lower than the national average of 10.32% is significant context for Oklahoma borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Oklahoma (2025 Data)
The table below ranks every SBA 7(a) lender active in Oklahoma in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | BancFirst | $32.8M | 88 | 8.7% |
| 2 | Live Oak Banking Company | $21.0M | 13 | 9.31% |
| 3 | Newtek Bank, National Association | $17.9M | 29 | 11.23% |
| 4 | First Oklahoma Bank | $11.6M | 12 | 9.27% |
| 5 | Metro City Bank | $10.4M | 6 | 8.88% |
| 6 | Northeast Bank | $10.1M | 54 | 10.75% |
| 7 | The Huntington National Bank | $8.5M | 17 | 9.53% |
| 8 | First Security Bank and Trust Company | $8.2M | 8 | 8.91% |
| 9 | First Pryority Bank | $7.9M | 7 | 9.54% |
| 10 | First United Bank and Trust Company | $6.8M | 11 | 9.52% |
| 11 | Readycap Lending, LLC | $6.6M | 26 | 12.32% |
| 12 | Cadence Bank | $6.5M | 4 | 10% |
| 13 | T Bank, National Association | $6.2M | 3 | 9.33% |
| 14 | Byline Bank | $6.0M | 2 | 10.12% |
| 15 | Celtic Bank Corporation | $5.9M | 11 | 10.68% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Oklahoma have funded the most deals locally, meaning their loan officers understand Oklahoma’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Oklahoma-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Oklahoma
One 5-minute application. 96 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Oklahoma
SBA lending in Oklahoma reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Oklahoma in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 8 | $21.0M |
| Home Health Care Services | 6 | $14.2M |
| Support Activities for Oil and Gas Operations | 8 | $13.9M |
| Offices of Dentists | 5 | $10.8M |
| Full-Service Restaurants | 18 | $8.9M |
| Limited-Service Restaurants | 19 | $8.2M |
| Child Day Care Services | 11 | $6.0M |
| Electrical Contractors | 10 | $5.9M |
| Snack and Nonalcoholic Beverage Bars | 5 | $5.4M |
| Other Electric Power Generation | 2 | $5.3M |
| Medicinal and Botanical Manufacturing | 1 | $5.0M |
| Insurance Agencies and Brokerages | 11 | $4.9M |
| All Other Specialty Trade Contractors | 12 | $4.7M |
| Employment Placement Agencies | 1 | $4.7M |
| Truck Trailer Manufacturing | 1 | $4.3M |
If your business operates in one of Oklahoma’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Oklahoma
SBA lending activity within Oklahoma is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Oklahoma the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Oklahoma City | 120 | $62.7M |
| Tulsa | 73 | $47.9M |
| Ada | 9 | $12.5M |
| Edmond | 25 | $10.5M |
| Chickasha | 3 | $9.5M |
| Norman | 20 | $7.7M |
| Muskogee | 4 | $6.4M |
| Lawton | 9 | $6.2M |
| Yukon | 18 | $6.0M |
| Ardmore | 6 | $5.9M |
How to Get an SBA Loan in Oklahoma
Option 1: Apply directly to one of the top Oklahoma lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Oklahoma-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Oklahoma in 2025?
What is the average SBA loan interest rate in Oklahoma?
Can I get an SBA loan to start a business in Oklahoma?
Who is the top SBA lender in Oklahoma?
What industries get the most SBA loans in Oklahoma?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
