March 21, 2023

Arvest is state’s high SBA lender for ninth straight yr

Fayetteville-chartered Arvest Financial institution was Arkansas’s high U.S. Small Enterprise Administration (SBA) lender for the ninth consecutive yr. The rating relies on 7(a) mortgage manufacturing for the SBA fiscal yr that ended Sept. 30, 2022.

In a information launch, the corporate stated it ranked third and fourth in Oklahoma and Kansas, respectively.

Arvest led Arkansas in each the full quantity (45) and complete quantity ($8.6 million) of SBA 7(a) loans. In Oklahoma, the full mortgage rely was 47, and the full quantity was $13 million. In Kansas, Arvest issued 18 loans with a complete quantity of $5.9 million.

“Small companies are the backbones of the communities we serve. We’re happy to be the main lender in Arkansas and among the many high lenders in Oklahoma and Kansas,” Brad Crain, Arvest Benton County President, stated in an announcement. “We’re joyful to have the ability to assist meet the monetary wants of those companies as a result of we all know that their continued success is significant to the well being of communities.”

The SBA’s 7(a) loans assist startups and current small companies take care of numerous basic enterprise functions. Arvest is an SBA Most popular Lender, that means the method is streamlined for candidates.

Arvest Financial institution has greater than $26 billion in property and has retail banking operations in Arkansas, Kansas, Missouri and Oklahoma.

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