Springfield, MO

Log in Subscribe
OakStar Bank’s southwest Missouri SBA lending in fiscal 2019 totaled $20.9 million.
SBJ file photo
OakStar Bank’s southwest Missouri SBA lending in fiscal 2019 totaled $20.9 million.

OakStar Bank leads local SBA lending

Posted online

OakStar Bank again topped the list of U.S. Small Business Administration lenders in southwest Missouri.

During fiscal 2019, which ended Sept. 30, the Springfield-based bank issued 46 loans totaling $20.9 million in the SBA’s 28-county southwest Missouri district. The SBA’s Springfield branch office oversees the operations, according to a news release.

Below are the top five SBA lenders across the district, by the number of loans issued then total loan amount, for the fiscal year ended Sept. 30:
• OakStar Bank, 46 loans, $20.9 million;
• Guaranty Bank, 45 loans, $12.5 million;
• Simmons Bank, 24 loans, $7.4 million;
• The Bank of Missouri, 17 loans, $4 million; and
• U.S. Bank, 16 loans, $349,200.

In total, banks issued $111 million worth of loans during fiscal 2019 in southwest Missouri. The loan count was 262. Comparatively, during fiscal 2018, banks issued 303 loans totaling $107.2 million, according to the release.

Across the SBA’s nationwide network, fiscal 2019 lending reached $28 billion via roughly 58,000 loans. In Greene County, institutions issued 99 loans totaling $33.5 million.


No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Gypsy Girl Junk

Commercial Street vintage furniture and clothing shop Gypsy Girl Junk moved across the street; Equality Healthcare LLC expanded; and authorized Apple product retailer Simply Inc. (OTC: SIM) relocated its sole Springfield store.

Most Read