Lenders approved 2,705 SBA 7(a) loans worth $1.56B for Missouri businesses in fiscal years 2024 through 2026, net of cancellations. That ranks 23rd of 52 by number of loans and 17th by dollars. The median loan was $225K at a median starting rate of 9.75%. In FY2026 alone, lenders approved 821 Missouri loans for $544M before cancellations.
What stands out in Missouri
Lots of business purchases
15.1% of Missouri 7(a) loans financed a change of ownership, that is, buying an existing business, against 10.9% nationally. If you are planning an acquisition, Missouri lenders see this kind of deal often.
Few SBA Express loans
24.9% of Missouri's 7(a) loans were made through SBA Express, against 35.8% nationally. Express loans are capped at $500,000 and the lender makes the credit decision itself, so they move faster but are smaller. More Missouri loans go through standard 7(a) processing, which takes longer but allows amounts up to $5 million.
Lower rates than average
The median starting rate on Missouri 7(a) loans was 9.75%, against 10.25% nationally, and 18.4% of loans carried a fixed rate (13.6% nationally). SBA caps the spread a lender can charge over the base rate, and smaller loans are allowed higher spreads, so a state's loan-size mix moves its median rate.
What a typical Missouri SBA loan looks like
| FY2024-FY2026, not cancelled | Missouri | United States |
|---|---|---|
| Median loan | $225K | $175K |
| Average loan | $577K | $508K |
| Median starting rate | 9.75% | 10.25% |
| Variable-rate loans | 81.6% | 86.4% |
| Median term | 120 months | 120 months |
| Loans of $150K or less | 43.3% | 49.0% |
| Loans of $500K or less | 72.1% | 76.9% |
| Loans of $1M or more | 16.1% | 13.6% |
| Startups (loan opens the business) | 19.6% | 16.1% |
| Startups and businesses 2 years old or less | 35.6% | 32.0% |
| Change of ownership (buying a business) | 15.1% | 10.9% |
| Franchise businesses | 11.7% | 11.0% |
| SBA Express loans | 24.9% | 35.8% |
| Jobs supported (reported at approval) | 26,940 | 1,733,816 |
Missouri SBA 7(a) loans by fiscal year
SBA fiscal years run October to September, so FY2026 covers October 2025 through September 2026. "Approved" counts every loan SBA guaranteed, the basis of SBA's own published totals; "not cancelled" drops loans that were later cancelled before or after funding. FY2026 loans are recent, so some of them may still be cancelled.
| FY2024 | FY2025 | FY2026 | |
|---|---|---|---|
| Loans approved | 1,047 | 1,201 | 821 |
| Dollars approved | $498M | $714M | $544M |
| Loans not cancelled | 953 | 1,009 | 743 |
| Median loan | $189K | $250K | $250K |
| Median rate | 10.50% | 9.88% | 9.49% |
| Loans of $150K or less | 47.0% | 40.9% | 41.6% |
| SBA Express share | 26.5% | 22.9% | 25.6% |
FY2026 approvals in Missouri changed by −31.6% from FY2025; nationally the change was −28.1%. See why SBA lending fell in FY2026.
Top SBA 7(a) lenders in Missouri
| Lender | Loans | Share of state |
|---|---|---|
| 1. U.S. Bank, National Association | 338 | 12.5% |
| 2. OakStar Bank | 263 | 9.7% |
| 3. The Huntington National Bank | 112 | 4.1% |
| 4. Live Oak Banking Company | 96 | 3.5% |
| 5. Readycap Lending, LLC | 86 | 3.2% |
| 6. The Central Trust Bank | 79 | 2.9% |
| 7. Newtek Bank, National Association | 75 | 2.8% |
| 8. Commerce Bank | 74 | 2.7% |
| 9. OMB Bank | 72 | 2.7% |
| 10. Northeast Bank | 67 | 2.5% |
Industries that borrow most in Missouri
| Sector | Loans | Share | Median loan | Median rate |
|---|---|---|---|---|
| Construction | 400 | 14.8% | $141K | 10.00% |
| Restaurants and hotels | 326 | 12.1% | $397K | 9.50% |
| Other services (repair, personal care) | 315 | 11.6% | $200K | 9.75% |
| Retail | 276 | 10.2% | $214K | 10.00% |
| Health care | 240 | 8.9% | $200K | 10.00% |
| Professional services | 212 | 7.8% | $151K | 10.25% |
| Manufacturing | 169 | 6.2% | $325K | 9.74% |
| Administrative and support services | 146 | 5.4% | $173K | 9.75% |
Where in Missouri the loans go
| County | Loans |
|---|---|
| Saint Louis | 464 |
| Jackson | 366 |
| Greene | 257 |
| Saint Charles | 171 |
| Clay | 115 |
| Saint Louis City | 106 |
| Boone | 104 |
| Jasper | 97 |
| City | Loans |
|---|---|
| Saint Louis | 321 |
| Kansas City | 264 |
| Springfield | 225 |
| Columbia | 91 |
| Lees Summit | 67 |
| Joplin | 57 |
| Saint Charles | 43 |
| Chesterfield | 42 |
Counts only, and only places with at least 10 loans. No individual businesses are listed.
SBA 504 loans in Missouri
The SBA 504 program finances owner-occupied real estate and long-life equipment. A certified development company (CDC) lends up to 40% of the project with an SBA-backed debenture, a bank typically lends about 50%, and the business puts in the rest. The amounts below are the CDC portion.
| Missouri | United States | |
|---|---|---|
| 504 loans, FY2024-FY2026 (not cancelled) | 213 | 18,076 |
| 504 dollars | $203M | $20.82B |
| Median 504 loan | $675K | $742K |
| Jobs supported (reported at approval) | 1,755 | 190,338 |
| Most active CDCs | 504 loans |
|---|---|
| Rural Missouri, Inc. | 100 |
| St. Charles County Economic Development Council | 46 |
| Heartland Business Capital, Inc. | 19 |
| Enterprise Development Corporation | 13 |
How older loans performed
Of the 1,637 SBA 7(a) loans approved for Missouri businesses in FY2020 and FY2021 (not cancelled), 51 had been charged off by September 30, 2026: 3.1% by count and 1.2% of dollars approved. The national figures are 3.7% and 1.0%. Loans from these years have had five to seven years to season, so they say more about losses than recent loans do.
SBA district office for Missouri
Missouri loans are split between the Kansas City District Office (55% of loans) and the St. Louis District Office (45% of loans). District offices do not make loans; they support lenders and borrowers and point businesses to local resource partners. Contact details are on SBA's local assistance page.
Comparing SBA and other funding in Missouri
An SBA loan is often the cheapest long-term money a small business can get, but approval takes weeks and the 2025 and 2026 rule changes narrowed who qualifies. FSE (Funding Solutions Experts) is an independent commercial finance brokerage. We are not an SBA lender and are not affiliated with the U.S. Small Business Administration; one application lets us compare SBA and non-SBA options from our funding partners side by side.
- No fee to your business: we are paid a commission by the funding partner.
- No credit check to apply.
- To be considered, a business generally needs at least 1 year in business and $10,000 or more in monthly revenue.
Read what an SBA loan is and how the programs work or our SBA and term loans guide.
Frequently asked questions
How many SBA loans were made in Missouri?
Lenders approved 1,047 SBA 7(a) loans for Missouri businesses in FY2024, 1,201 in FY2025 and 821 in FY2026, before cancellations. Net of cancelled loans, the three years total 2,705 loans worth $1.56B, plus 213 SBA 504 loans worth $203M.
Which banks make the most SBA loans in Missouri?
In FY2024 to FY2026 the most active 7(a) lenders in Missouri were U.S. Bank, National Association (338 loans, 12.5%), OakStar Bank (263 loans, 9.7%), The Huntington National Bank (112 loans, 4.1%).
What is the typical SBA loan size and rate in Missouri?
The median 7(a) loan in Missouri was $225K and the average was $577K. The median starting interest rate was 9.75%, 81.6% of loans had a variable rate, and the median term was 120 months.
Source and method
Figures come from the U.S. Small Business Administration's 7(a) and 504 FOIA loan files (as of September 30, 2026), aggregated by FSE. Loans are assigned to Missouri by project state. Profile figures cover FY2024-FY2026 loans that were not cancelled. We publish aggregates only: no borrower names or addresses, and no figure based on fewer than 10 loans. Full details are in the methodology, and every state's figures can be downloaded as CSV.
Compare nearby states by volume: Oregon, Wisconsin, Connecticut, Tennessee, or see all states.