Armstrong Bank approved 26 SBA loans worth $19.9M between October 2021 and June 2026, ranking #786 of 2,283 SBA lenders nationally by loan count. Its median loan was $320,000, and 27% went to startups or businesses under two years old. It lent in 4 states, most often in Oklahoma, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Oklahoma | 23 | $12.8M | $274,500 | #24 |
| Arkansas | 1 | $1.6M | $1,620,000 | #117 |
| Florida | 1 | $5.0M | $5,000,000 | #303 |
| Texas | 1 | $460K | $460,000 | #411 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 6 | $210,000 | |
| Retail | 5 | $873,500 | |
| Construction | 3 | $1,500,000 | |
| Restaurants and hotels | 3 | $274,500 | |
| Manufacturing | 2 | $910,000 | |
| Health care and social assistance | 1 | $50,500 | |
| Arts, entertainment and recreation | 1 | $138,700 | |
| Education | 1 | $460,000 | |
| Professional and technical services | 1 | $625,500 | |
| Mining and oil and gas | 1 | $2,343,800 |