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SBA lender · 7(a) program
Simmons Bank
Simmons Bank has approved 4,067 SBA loans worth $1.64B since FY2010 - the #69 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#69
0.32% of all SBA dollars
Total approved
$1.64B
FY2010 onward
Loans
4,067
Median loan
$245,100
+36% vs national
Median rate
6.00%
-0.75 pts vs national
Charge-off rate
12.2%
3,062 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Simmons Bank’s numbers say
Simmons Bank sits solidly inside the SBA lending field, having approved 4,067 loans for a gross total of $1.64B since fiscal 2010. Its median loan of $245,100 is substantially larger than the $180,000 national median, a pattern that usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 6.00%, 0.75 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 12.2% were charged off, 4.7 points above the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 50% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where Simmons Bank lends
What it lends against
Franchise brands Simmons Bank financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| European Wax Center | 253 | $88.7M | |
| Sport Clips | 229 | $50.2M | |
| Sports Clips | 129 | $23.7M | |
| Amazing Lash Studio | 102 | $44.0M | |
| Club Pilates | 86 | $21.1M | |
| Servpro | 47 | $12.3M | |
| The Joint Chiropractic | 47 | $11.1M | |
| Massage Heights | 37 | $11.5M |
Brands with the most Simmons Bank SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
Simmons Bank made 298 of these loans under the SBA Express programme, median $75,000. Compare SBA Express lenders.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
A different SBA 7(a) lender
SmartBiz is a separate company from Simmons Bank. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.
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Questions about Simmons Bank
- How many SBA loans has Simmons Bank approved?
- Simmons Bank has approved 4,067 SBA loans totalling $1,639,091,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #69 among all SBA lenders by dollars approved.
- What is the typical Simmons Bank SBA loan size?
- The median gross approval is $245,100, with the middle 80% of loans falling between $65,000 and $840,000. The national median across all SBA lenders is $180,000.
- What interest rate does Simmons Bank charge on SBA 7(a) loans?
- The median initial note rate on Simmons Bank's 7(a) approvals is 6.00%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Simmons Bank's SBA loan charge-off rate?
- 12.2% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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