Simmons Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Simmons Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812199 | Other Personal Care Services | 304 | $117.9M | $388K | 12.5% |
| 713940 | Fitness and Recreational Sports Centers | 216 | $67.4M | $312K | 8.9% |
| 621310 | Offices of Chiropractors | 176 | $49.9M | $283K | 7.2% |
| 722511 | Full-Service Restaurants | 144 | $141.0M | $979K | 5.9% |
| 812112 | Beauty Salons | 128 | $40.4M | $315K | 5.2% |
| 722513 | Limited-Service Restaurants | 80 | $41.1M | $514K | 3.3% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 64 | $34.0M | $531K | 2.6% |
| 722410 | Drinking Places (Alcoholic Beverages) | 40 | $19.3M | $484K | 1.6% |
| 236118 | Residential Remodelers | 32 | $18.4M | $574K | 1.3% |
| 561730 | Landscaping Services | 32 | $13.6M | $424K | 1.3% |
Geographic Distribution
SBA lending activity for Simmons Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 744 | $588.0M | 30.5% |
| Missouri (MO) | 400 | $208.6M | 16.4% |
| Arkansas (AR) | 248 | $98.9M | 10.2% |
| Tennessee (TN) | 168 | $88.2M | 6.9% |
| Kansas (KS) | 80 | $55.7M | 3.3% |
| Oklahoma (OK) | 144 | $53.6M | 5.9% |
| California (CA) | 96 | $40.9M | 3.9% |
| Florida (FL) | 88 | $22.6M | 3.6% |
| New Jersey (NJ) | 64 | $21.5M | 2.6% |
| Georgia (GA) | 56 | $16.8M | 2.3% |
| Indiana (IN) | 40 | $11.9M | 1.6% |
| Ohio (OH) | 48 | $10.4M | 2.0% |
| Michigan (MI) | 24 | $10.4M | 1.0% |
| Pennsylvania (PA) | 32 | $8.8M | 1.3% |
| Colorado (CO) | 24 | $8.6M | 1.0% |
| Nebraska (NE) | 24 | $8.5M | 1.0% |
| Washington (WA) | 24 | $7.7M | 1.0% |
| North Carolina (NC) | 24 | $7.4M | 1.0% |
| Arizona (AZ) | 16 | $7.2M | 0.7% |
| Mississippi (MS) | 8 | $6.8M | 0.3% |
| New York (NY) | 16 | $6.8M | 0.7% |
| South Dakota (SD) | 8 | $3.7M | 0.3% |
| Massachusetts (MA) | 8 | $3.3M | 0.3% |
| South Carolina (SC) | 8 | $2.9M | 0.3% |
| Connecticut (CT) | 8 | $2.6M | 0.3% |
| New Hampshire (NH) | 8 | $2.4M | 0.3% |
| Illinois (IL) | 8 | $2.4M | 0.3% |
| Wisconsin (WI) | 8 | $2.3M | 0.3% |
| Louisiana (LA) | 8 | $531K | 0.3% |
| Virginia (VA) | 8 | $240K | 0.3% |
Why Choose Simmons Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,440 SBA loans approved, totaling $1.31B in financing
- ✓Industry Expertise: Specialized focus on Other Personal Care Services, Fitness and Recreational Sports Centers, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 7.10% with flexible term lengths averaging 143 months
- ✓Loan Range: Loan sizes from $15K to $3.9M, with an average of $537K
- ✓Nationwide Reach: Active lending in 30 states, with strong presence in TX, MO, AR
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Simmons Bank SBA lending
What types of businesses does Simmons Bank typically finance?
Simmons Bank specializes in SBA 7(a) lending to specific industries including other personal care services, fitness and recreational sports centers, offices of chiropractors, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Simmons Bank's typical SBA loan terms?
Simmons Bank's SBA 7(a) loans typically feature an average interest rate of 7.10% and average term length of 143 months (approximately 12 years). Loan sizes range from $15K to $3.9M, with an average loan size of $537K.
Do I need a business valuation for a Simmons Bank SBA loan?
Yes, Simmons Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Simmons Bank compare to other SBA lenders?
Simmons Bank has originated 2,440 SBA loans totaling $1.31B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Simmons Bank lend in?
Simmons Bank provides SBA 7(a) financing with particularly strong presence in TX, MO, AR, TN, OK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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