SBA loans in Missouri: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 1,098 7(a) loans to buy an existing business in Missouri, totaling $1.1B. The median loan was $580,000, 10% lower than the $645,250 national median for SBA-financed acquisitions.
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SBA lenders in Missouri
The lenders that made the most SBA 7(a) acquisition loans in Missouri, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | OakStar Bank | 111 | 10.1% | $106M | |
| 2 | Midwest Regional Bank | 59 | 5.4% | $60M | |
| 3 | Live Oak Banking Company | 49 | 4.5% | $70.5M | |
| 4 | American Bank of Freedom | 48 | 4.4% | $50.5M | |
| 5 | The Bank of Houston | 42 | 3.8% | $44.6M | |
| 6 | Guaranty Bank | 42 | 3.8% | $24.4M | |
| 7 | St. Louis Bank | 36 | 3.3% | $49.3M | |
| 8 | Regent Bank | 34 | 3.1% | $26.2M | |
| 9 | Simmons Bank | 30 | 2.7% | $25.6M | |
| 10 | OMB Bank | 30 | 2.7% | $16.6M |
What this tells a buyer
- Deal size band. Half of Missouri acquisition loans fell between $270,000 and $1,258,750. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Missouri accounts for 2.2% of all SBA acquisition loans and ranks number 17 of 54 states and territories by count.
- Industry concentration. Full-Service Restaurants is the most financed business type here (64 loans, 6% of the state). The top three industries together are 13%.
- Lender concentration. OakStar Bank made 10% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 14% of acquisition loans in Missouri involved a franchised brand; the most frequent is The UPS Store (8 loans).
Missouri acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 86 | $77.5M | $434,000 | |
| FY2019 | 135 | $125M | $518,500 | |
| FY2020 | 106 | $95.1M | $500,000 | |
| FY2021 | 150 | $129M | $583,000 | |
| FY2022 | 117 | $123M | $712,800 | |
| FY2023 | 95 | $77M | $500,000 | |
| FY2024 | 127 | $99.8M | $500,000 | |
| FY2025 | 164 | $186M | $624,000 | |
| FY2026 | 118 | $138M | $795,350 |
How often do these acquisition loans fail?
Of the 477 Missouri acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 14 have been charged off by the SBA, a rate of 2.9% by loan count and 1.9% by dollars. 243 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Missouri is 16% lower than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top industries in Missouri
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 64 | 5.8% | $31.5M | |
| 2 | Hotels (except Casino Hotels) and Motels | 47 | 4.3% | $95M | |
| 3 | Limited-Service Restaurants | 34 | 3.1% | $18.5M | |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 33 | 3.0% | $30M | |
| 5 | General Automotive Repair | 33 | 3.0% | $24.1M | |
| 6 | All Other Specialty Trade Contractors | 19 | 1.7% | $18.4M | |
| 7 | Car Washes | 15 | 1.4% | $16.1M | |
| 8 | Child Care Services | 15 | 1.4% | $8.7M | |
| 9 | Fitness and Recreational Sports Centers | 15 | 1.4% | $3.4M | |
| 10 | Lessors of Miniwarehouses and Self-Storage Units | 14 | 1.3% | $17.3M |
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Franchise brands bought in Missouri
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The UPS Store | 8 | 0.7% | $3.6M | |
| 2 | Days Inn | 6 | 0.5% | $12.9M | |
| 3 | Super 8 | 6 | 0.5% | $8.5M | |
| 4 | Imo's Pizza | 4 | 0.4% | $2.6M | |
| 5 | Anytime Fitness | 4 | 0.4% | $1.2M | |
| 6 | Best Western | 3 | 0.3% | $9.8M | |
| 7 | Red Roof Inn | 3 | 0.3% | $6.9M | |
| 8 | True Value | 3 | 0.3% | $5.2M | |
| 9 | Jimmy John's | 3 | 0.3% | $4.5M | |
| 10 | Firehouse Subs | 3 | 0.3% | $2.2M | |
| 11 | Sylvan Learning Centers | 3 | 0.3% | $1.5M | |
| 12 | Subway | 3 | 0.3% | $913K | |
| 13 | Jersey Mike's Subs | 3 | 0.3% | $648K | |
| 14 | Nissan North America | 2 | 0.2% | $7.6M | |
| 15 | Spark by Hilton | 2 | 0.2% | $5.9M |
Acquisitions by industry in Missouri
The 19 industries with the most acquisition loans in Missouri (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Full-Service Restaurants | 64 | $348,900 | 7.4% |
| Hotels and Motels | 47 | $1,891,000 | 0.0% |
| Limited-Service Restaurants | 34 | $326,000 | n/a |
| Plumbing, Heating, and Air-Conditioning Contractors | 33 | $756,000 | n/a |
| General Automotive Repair | 33 | $553,000 | n/a |
| All Other Specialty Trade Contractors | 19 | $544,500 | n/a |
| Child Care Services | 15 | $495,000 | n/a |
| Car Washes | 15 | $497,000 | n/a |
| Fitness and Recreational Sports Centers | 15 | $196,100 | n/a |
| Landscaping Services | 14 | $374,800 | n/a |
| Lessors of Miniwarehouses and Self-Storage Units | 14 | $799,000 | n/a |
| Offices of Chiropractors | 12 | $245,650 | n/a |
| Insurance Agencies and Brokerages | 12 | $296,000 | n/a |
| Gasoline Stations with Convenience Stores | 12 | $1,430,000 | n/a |
| Janitorial Services | 11 | $247,000 | n/a |
| Funeral Homes and Funeral Services | 11 | $1,700,000 | n/a |
| All Other Personal Services | 11 | $363,000 | n/a |
| Couriers and Express Delivery Services | 10 | $773,500 | n/a |
| Clothing and Clothing Accessories Retailers | 10 | $317,600 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Missouri?
The median SBA 7(a) acquisition loan in Missouri was $580,000 across 1,098 loans (FY2018 to FY2026), 10% lower than the $645,250 national median. The middle half of loans ran from $270,000 to $1,258,750. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in Missouri?
OakStar Bank (111), Midwest Regional Bank (59), Live Oak Banking Company (49), American Bank of Freedom (48), The Bank of Houston (42). OakStar Bank alone accounts for 10% of Missouri acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Missouri?
Full-Service Restaurants (64), Hotels (except Casino Hotels) and Motels (47), Limited-Service Restaurants (34), Plumbing, Heating, and Air-Conditioning Contractors (33), General Automotive Repair (33). The top three industries make up 13% of the state's acquisition loans.
How often do SBA acquisition loans fail in Missouri?
In the seasoned cohort (FY2018 to FY2021), among 477 Missouri acquisition loans: 2.9% charged off, 16% lower than the 3.5% national acquisition average.
How does Missouri compare with other states?
Missouri ranks number 17 of 54 states and territories by acquisition loan count, with 2.2% of national volume (1,098 of 48,902 loans) and $1.1B approved. Browse the full state ranking.
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Related
- Full-Service Restaurants nationally
- Hotels (except Casino Hotels) and Motels nationally
- Limited-Service Restaurants nationally
- OakStar Bank
- Midwest Regional Bank
- Live Oak Banking Company
- All states
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.