Arvest Bank was the top U.S. Small Business Administration (SBA) lender in the state of Arkansas for the ninth consecutive year and ranked third and fourth in Oklahoma and Kansas respectively, bank leaders announced recently.
The ranking is based on 7(a) loan production for the SBA fiscal year that ended Sept. 30, 2022.
Arvest led Arkansas in both total number (45) and total volume ($8.6 million) of SBA 7(a) loans. In Oklahoma, the total loan count was 47 and total volume was $13 million. In Kansas, Arvest issued 18 loans with a total volume of $5.9 million.
“Small businesses are the backbones of the communities we serve. We’re pleased to be the leading lender in Arkansas and among the top lenders in Oklahoma and Kansas,” said Fort Smith Bank President Roger Holroyd. “We’re happy to be able to help meet the financial needs of these businesses because we know that their continued success is vital to health of communities.”
The SBA’s 7(a) loans are its primary means for helping startup and existing small businesses deal with a variety of general business purposes, and Arvest remains an SBA Preferred Lender, meaning the process is streamlined for applicants. Business owners who need to explore financing options should talk to an SBA Preferred Lender who can offer them a complete range of available options.
About Arvest
With more than $26 billion in assets, Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma. Established in 1961, Arvest Bank is committed to meeting the needs of its more than 830,000 retail and business customer households by continually investing in the digital tools and services customers expect. Its extensive network of more than 200 banking locations provides loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing as a part of its growing list of digital services. Arvest is known for its commitment to the communities it serves and to attracting, hiring and retaining a diverse group of talented people. Arvest is an Equal Housing Lender and Member FDIC. To learn more please visit www.arvest.com.
About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not a Deposit, Not Guaranteed by the Bank or its Affiliates, Not FDIC Insured, Not Insured by Any Federal Government Agency, May Go Down in Value. Trust services provided by Arvest Bank.
