SBA loans in Oklahoma: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 510 7(a) loans to buy an existing business in Oklahoma, totaling $548M. The median loan was $672,750, in line with the $645,250 national median for SBA-financed acquisitions. Volume rose 32% from FY2024 to FY2026.
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SBA lenders in Oklahoma
The lenders that made the most SBA 7(a) acquisition loans in Oklahoma, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BancFirst | 80 | 15.7% | $61.7M | |
| 2 | Live Oak Banking Company | 50 | 9.8% | $79.5M | |
| 3 | First Oklahoma Bank | 31 | 6.1% | $40M | |
| 4 | Arvest Bank | 24 | 4.7% | $13.8M | |
| 5 | First United Bank and Trust Company | 18 | 3.5% | $13.6M | |
| 6 | SpiritBank | 16 | 3.1% | $18.7M | |
| 7 | Great Plains National Bank | 12 | 2.4% | $4.2M | |
| 8 | Regent Bank | 11 | 2.2% | $12.4M | |
| 9 | Armstrong Bank | 10 | 2.0% | $7.8M | |
| 10 | Metro City Bank | 9 | 1.8% | $12.5M |
What this tells a buyer
- Deal size band. Half of Oklahoma acquisition loans fell between $250,000 and $1,447,100. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Oklahoma accounts for 1.0% of all SBA acquisition loans and ranks number 27 of 54 states and territories by count.
- Industry concentration. Gasoline Stations with Convenience Stores is the most financed business type here (27 loans, 5% of the state). The top three industries together are 15%.
- Lender concentration. BancFirst made 16% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 17% of acquisition loans in Oklahoma involved a franchised brand; the most frequent is Days Inn (4 loans).
Oklahoma acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 39 | $38.3M | $644,600 | |
| FY2019 | 60 | $44.8M | $327,600 | |
| FY2020 | 60 | $61.1M | $675,250 | |
| FY2021 | 85 | $96.3M | $600,000 | |
| FY2022 | 51 | $46.8M | $703,000 | |
| FY2023 | 47 | $42.8M | $591,000 | |
| FY2024 | 50 | $67.6M | $1,092,000 | |
| FY2025 | 52 | $68.4M | $946,100 | |
| FY2026 | 66 | $82M | $835,900 |
How often do these acquisition loans fail?
Of the 244 Oklahoma acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 9 have been charged off by the SBA, a rate of 3.7% by loan count and 1.2% by dollars. 109 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 Oklahoma is in line with 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 Oklahoma
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 27 | 5.3% | $32.1M | |
| 2 | Hotels (except Casino Hotels) and Motels | 26 | 5.1% | $56.4M | |
| 3 | Insurance Agencies and Brokerages | 24 | 4.7% | $19.4M | |
| 4 | Limited-Service Restaurants | 16 | 3.1% | $12.1M | |
| 5 | Full-Service Restaurants | 14 | 2.7% | $8.3M | |
| 6 | Pharmacies and Drug Retailers | 13 | 2.5% | $14.6M | |
| 7 | Beer, Wine, and Liquor Retailers | 13 | 2.5% | $8.1M | |
| 8 | Broilers and Other Meat Type Chicken Production | 12 | 2.4% | $24.3M | |
| 9 | General Automotive Repair | 11 | 2.2% | $9.5M | |
| 10 | Home Health Care Services | 9 | 1.8% | $20.4M |
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Franchise brands bought in Oklahoma
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Days Inn | 4 | 0.8% | $7M | |
| 2 | Subway | 4 | 0.8% | $1.4M | |
| 3 | Firehouse Subs | 4 | 0.8% | $931K | |
| 4 | Holiday Inn Express | 3 | 0.6% | $13M | |
| 5 | Quality Inn | 3 | 0.6% | $7.2M | |
| 6 | FirstLight HomeCare | 2 | 0.4% | $5M | |
| 7 | Motel 6 | 2 | 0.4% | $4.7M | |
| 8 | Sunoco | 2 | 0.4% | $4.3M | |
| 9 | Super 8 | 2 | 0.4% | $2.4M | |
| 10 | Meineke Car Care Center | 2 | 0.4% | $2M | |
| 11 | Mathnasium | 2 | 0.4% | $722K | |
| 12 | Play It Again Sports | 2 | 0.4% | $380K | |
| 13 | Club Pilates | 2 | 0.4% | $359K | |
| 14 | Fairfield by Marriott | 1 | 0.2% | $5M | |
| 15 | Hampton Inn & Suites | 1 | 0.2% | $4.9M |
Acquisitions by industry in Oklahoma
The 9 industries with the most acquisition loans in Oklahoma (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Gasoline Stations with Convenience Stores | 27 | $1,122,000 | n/a |
| Hotels and Motels | 26 | $1,967,500 | n/a |
| Insurance Agencies and Brokerages | 24 | $721,500 | n/a |
| Limited-Service Restaurants | 16 | $302,000 | n/a |
| Full-Service Restaurants | 14 | $230,900 | n/a |
| Pharmacies and Drug Retailers | 13 | $832,500 | n/a |
| Beer, Wine, and Liquor Retailers | 13 | $540,000 | n/a |
| Broilers and Other Meat Type Chicken Production | 12 | $1,283,500 | n/a |
| General Automotive Repair | 11 | $855,000 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Oklahoma?
The median SBA 7(a) acquisition loan in Oklahoma was $672,750 across 510 loans (FY2018 to FY2026), in line with the $645,250 national median. The middle half of loans ran from $250,000 to $1,447,100. 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 Oklahoma?
BancFirst (80), Live Oak Banking Company (50), First Oklahoma Bank (31), Arvest Bank (24), First United Bank and Trust Company (18). BancFirst alone accounts for 16% of Oklahoma acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Oklahoma?
Gasoline Stations with Convenience Stores (27), Hotels (except Casino Hotels) and Motels (26), Insurance Agencies and Brokerages (24), Limited-Service Restaurants (16), Full-Service Restaurants (14). The top three industries make up 15% of the state's acquisition loans.
How often do SBA acquisition loans fail in Oklahoma?
In the seasoned cohort (FY2018 to FY2021), among 244 Oklahoma acquisition loans: 3.7% charged off, in line with the 3.5% national acquisition average.
How does Oklahoma compare with other states?
Oklahoma ranks number 27 of 54 states and territories by acquisition loan count, with 1.0% of national volume (510 of 48,902 loans) and $548M approved. Browse the full state ranking.
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Related
- Gasoline Stations with Convenience Stores nationally
- Hotels (except Casino Hotels) and Motels nationally
- Insurance Agencies and Brokerages nationally
- BancFirst
- Live Oak Banking Company
- First Oklahoma Bank
- 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.