Best Missouri SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Missouri
SBA Loans in Missouri
Missouri businesses received $714.2M in SBA 7(a) loan approvals across 1,201 businesses in 2025, supporting 11,333 jobs. With 156 active SBA lenders competing for business in Missouri, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Missouri is $595K at 9.85%, which is 0.47% below the national average of 10.32%. The top lender in Missouri is Live Oak Banking Company, with the most-funded industry being Chicken Egg Production.
SBA Loans in Missouri by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Missouri, here’s how SBA lending breaks down:
Startups represent 20% of Missouri SBA loans (202 loans totaling $143.1M). Business acquisitions (change of ownership) account for 28% (174 loans, $202.8M). Existing businesses make up the largest share at 39% (642 loans). If you’re buying a business in Missouri, acquisitions are a well-established use case for SBA 7(a) loans.
Missouri vs. National Average
How does Missouri’s SBA lending market compare to the national average in 2025?
Missouri9.85%
National Avg10.32%
✅ Missouri’s avg rate is 0.47% lower than the national average
Missouri$595K
National Avg$478K
Missouri’s avg loan is 1.2x the national average
A rate lower than the national average of 10.32% is significant context for Missouri 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 Missouri (2025 Data)
The table below ranks every SBA 7(a) lender active in Missouri 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 | Live Oak Banking Company | $101.5M | 55 | 9% |
| 2 | OakStar Bank | $73.2M | 116 | 10.08% |
| 3 | Midwest Regional Bank | $30.5M | 23 | 10.34% |
| 4 | U.S. Bank, National Association | $28.6M | 142 | 9.97% |
| 5 | Newtek Bank, National Association | $23.4M | 52 | 11.09% |
| 6 | The Huntington National Bank | $19.9M | 43 | 9.74% |
| 7 | GBank | $15.4M | 7 | 8.5% |
| 8 | OMB Bank | $12.7M | 24 | 10.02% |
| 9 | Celtic Bank Corporation | $11.9M | 20 | 10.4% |
| 10 | First Bank of the Lake | $11.2M | 10 | 10.6% |
| 11 | First Financial Bank | $11.1M | 9 | 7.91% |
| 12 | First Service Bank | $11.1M | 6 | 9.2% |
| 13 | Northeast Bank | $10.8M | 77 | 10.86% |
| 14 | St. Louis Bank | $10.0M | 8 | 9.84% |
| 15 | Harvest Small Business Finance, LLC | $9.8M | 5 | 10% |
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 Missouri have funded the most deals locally, meaning their loan officers understand Missouri’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 Missouri-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 Missouri
One 5-minute application. 156 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Missouri
SBA lending in Missouri reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Missouri in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Chicken Egg Production | 20 | $55.1M |
| Hotels (except Casino Hotels) and Motels | 20 | $50.5M |
| Full-Service Restaurants | 42 | $22.3M |
| Snack and Nonalcoholic Beverage Bars | 28 | $18.9M |
| Limited-Service Restaurants | 29 | $17.4M |
| Offices of Dentists | 16 | $16.7M |
| Broilers and Other Meat Type | 9 | $14.6M |
| Child Day Care Services | 24 | $13.8M |
| Veterinary Services | 8 | $11.1M |
| Insurance Agencies and Brokerages | 23 | $10.9M |
| Home Centers | 3 | $10.8M |
| Offices of Certified Public Accountants | 9 | $10.7M |
| Motor Vehicle Towing | 5 | $10.5M |
| Commercial and Institutional Building Construction | 12 | $9.9M |
| Electrical Contractors | 22 | $9.8M |
If your business operates in one of Missouri’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 Missouri
SBA lending activity within Missouri is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Missouri the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Saint Louis | 139 | $84.0M |
| Springfield | 91 | $69.2M |
| Kansas City | 125 | $60.6M |
| Columbia | 43 | $16.6M |
| Saint Joseph | 14 | $15.5M |
| Bolivar | 21 | $15.3M |
| Saint Charles | 15 | $15.2M |
| Ballwin | 11 | $13.4M |
| Lees Summit | 28 | $12.2M |
| Wentzville | 11 | $10.1M |
How to Get an SBA Loan in Missouri
Option 1: Apply directly to one of the top Missouri 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 Missouri-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 Missouri in 2025?
What is the average SBA loan interest rate in Missouri?
Can I get an SBA loan to start a business in Missouri?
Who is the top SBA lender in Missouri?
What industries get the most SBA loans in Missouri?
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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.
