Lending data
Who actually lends to construction and contracting businesses in Oklahoma?
215 SBA 7(a) loans went to construction and contracting businesses in Oklahoma recently, at a median of $200,000. Here are the lenders that made them, ranked.
215 SBA 7(a) loans went to construction and contracting businesses in Oklahoma in the most recent fiscal years. The median was $200,000 over 10 years. The most active lender was BancFirst, with 45 loans.
What lending to construction and contracting businesses in Oklahoma actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Construction and contracting, Oklahoma | All 7(a) borrowers |
|---|---|---|
| Loans approved | 215 | 214,102 |
| Median loan | $200,000 | $150,000 |
| 25th - 75th percentile | $85,000 - $400,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.75% | 10.25% |
| Share to startups | 34.9% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 9.4% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to construction and contracting businesses in Oklahoma. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| BancFirst | 45 | $310,000 | 31% | 8.50% |
| Arvest Bank | 19 | $76,900 | 47% | 9.25% |
| The Huntington National Bank | 16 | $237,500 | 81% | 10.38% |
| First Oklahoma Bank | 10 | $498,500 | 20% | 10.00% |
| United Midwest Savings Bank | 8 | $150,000 | 88% | 10.88% |
| JPMorgan Chase Bank | 8 | $150,000 | 0% | 12.45% |
| Northeast Bank | 8 | $275,000 | 0% | 10.25% |
| BayFirst National Bank | 7 | $150,000 | 0% | 12.25% |
| Live Oak Banking Company | 7 | $350,000 | 14% | 9.50% |
| Newtek Bank | 5 | $350,000 | 0% | 10.50% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $200,000 is 33% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 35% against 34% nationally.
- No single lender dominates, but the top three made 37% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.75% is 0.50 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 9.4% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Which of them lend to new businesses
Of those loans, 34.9% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| BancFirst | 14 | $310,000 | 31% | 8.50% |
| The Huntington National Bank | 13 | $237,500 | 81% | 10.38% |
| Arvest Bank | 9 | $76,900 | 47% | 9.25% |
| United Midwest Savings Bank | 7 | $150,000 | 88% | 10.88% |
| Equity Bank | 3 | $200,000 | 100% | 8.00% |
| First Bank of the Lake | 3 | $264,000 | 100% | 10.00% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Oklahoma: retail, restaurants and hotels, healthcare, personal services, professional services, manufacturing
- Construction in comparable states: Louisiana, Kansas, Nebraska, Iowa, Kentucky, Alabama