Local lending data
Who lends to businesses in Cleveland County?
114 SBA 7(a) loans went to businesses in Cleveland County recently, at a median of $260,600. The lenders that made them, ranked, with local rates and startup share.
114 SBA 7(a) loans went to businesses in Cleveland County in the most recent fiscal years, at a median of $260,600. The most active lender was BancFirst, with 32 loans.
SBA lending in Cleveland County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | Cleveland County | Oklahoma | National |
|---|---|---|---|
| Loans approved | 114 | 1,543 | 214,102 |
| Median loan | $260,600 | $250,000 | $150,000 |
| 25th - 75th percentile | $107,875 - $511,250 | $100,000 - $600,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 9.25% | 9.50% | 10.25% |
| Share to startups | 43.9% | 41.8% | 33.6% |
| Charge-off rate, FY2010-19 | 6.6% | 7.7% | 7.1% |
| Jobs supported | 1,511 | 19,705 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Cleveland County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| BancFirst | 32 | $198,750 | 53% | 8.75% |
| First United Bank and Trust Company | 11 | $500,000 | 27% | 10.00% |
| The Huntington National Bank | 7 | $264,500 | 100% | 11.00% |
| Northeast Bank | 6 | $150,000 | 0% | 10.75% |
| Live Oak Banking Company | 4 | $437,500 | 25% | 8.75% |
| Newtek Bank | 4 | $140,000 | 25% | 9.88% |
| Arvest Bank | 3 | $106,000 | 67% | 11.00% |
| Bank of America | 3 | $569,400 | 100% | 6.06% |
| First Pryority Bank | 3 | $1,157,700 | 0% | 9.75% |
| Legacy Bank | 3 | $263,000 | 0% | 8.50% |
What stands out here
Reading these figures against the national picture:
- Loans here run larger than average. The median of $260,600 is 74% 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.
- New businesses do well here. 44% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- One lender dominates. BancFirst alone made 28% of these loans, and the top three made 44%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run lower here. The median initial rate of 9.25% is 1.00 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Who borrows in Cleveland County
The mix of industries taking SBA loans here, led by retail.
| Sector | Loans | Share |
|---|---|---|
| Retail | 17 | 14.9% |
| Healthcare | 17 | 14.9% |
| Restaurants and Hotels | 14 | 12.3% |
| Professional Services | 13 | 11.4% |
| Personal Services | 10 | 8.8% |
| Construction | 8 | 7.0% |
| Arts and Recreation | 8 | 7.0% |
| Admin Services | 6 | 5.3% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- 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 your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across Oklahoma.
Other counties in Oklahoma
- Nearby markets with published data: Oklahoma County, Tulsa County