# Small business loans in Joplin, MO

**Short answer:** OakStar Bank made the most SBA loans in Joplin, MO since FY2024, with 31. The median loan was $150,000, and half fell between $111,250 and $615,000. For free help, see the Missouri Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/missouri-small-business-loans/joplin/
Data as of: 2026-06-30

## Lenders making SBA loans in Joplin

OakStar Bank alone made 55% of the loans in Joplin.

**Lenders with five or more SBA loans in Joplin, MO, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [OakStar Bank](https://www.sbaexpress.loans/sba-express-lenders/oakstar-bank/) | 31 | 55.4% |

Share is the percent of all Joplin loans in that period. Each name links to that lender's page for Missouri where one exists.

Joplin has one lender with five or more loans since FY2024. Others had fewer, and the Missouri page counts 196 lenders with at least one approved loan statewide.

## Local help near Joplin

Joplin borrowers can start with SBA's district offices for Missouri, an SBDC or SCORE.

43% of Joplin borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA runs two district offices that cover Missouri. Each page points to state and federal resources and to lenders in its area. The Missouri Small Business Development Center gives free counseling across Missouri.

- [SBA Kansas City District Office (the 61 westernmost Missouri counties, with a Springfield office): SBA district office](https://www.sba.gov/district/kansas-city)
- [SBA St. Louis District Office (the 53 easternmost Missouri counties and the city of St. Louis): SBA district office](https://www.sba.gov/district/st-louis)
- [Missouri Small Business Development Center: Small Business Development Center](https://sbdc.missouri.edu/)
- [SCORE mentors in Missouri: Business mentoring](https://www.score.org/mo/)

Alongside SBA loans, Missouri runs a loan program. The [Missouri page](https://www.sbaexpress.loans/missouri-small-business-loans/#loan-programs-in-missouri) describes it, and the official page is linked here.

- [IgniteMO Loan Participation Program](https://ded.mo.gov/press-room/ded-announces-release-second-tranche-ssbci-20-funding-missouri-technology-corporation)

## Loan counts and sizes in Joplin

Joplin ranks 6th by loans since FY2024 among the 6 Missouri cities with 100 or more SBA loans since FY2020. Nationally it is the 487th busiest of the 580 cities that reach 100 loans.

The 56 loans, 2.2% of the 2,540 in Missouri, were approved for $23.8 million in all. The median loan was $150,000, close to the national median of $150,300. Half of the loans fell between $111,250 and $615,000. The Joplin median is 32% below the Missouri median of $220,250.

**Joplin, MO compared with Missouri and the nation, loans from FY2024 to June 2026**

| Measure | Joplin | Missouri | U.S. |
| --- | --- | --- | --- |
| Loans | 56 | 2,540 | 162,355 |
| Median loan | $150,000 | $220,250 | $150,300 |
| 25th percentile | $111,250 | $83,000 | $50,000 |
| 75th percentile | $615,000 | $600,000 | $500,000 |
| Via SBA Express | 12.5% | 25.0% | 35.8% |
| Lines of credit | 10.7% | 17.9% | 28.1% |
| Startups | 12.5% | 19.3% | 16.1% |
| Ownership changes | 14.3% | 14.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 0.0% | 2.9% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

12.5% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 10.7% of loans, below the national 28.1%.

SBA loans in Joplin, MO by size, FY2024 to June 2026

- $50,000 or less (16%): 9
- $50,001 to $150,000 (36%): 20
- $150,001 to $350,000 (14%): 8
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000 (18%): 10
- $1,000,001 to $2,000,000 (9%): 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 42.9% of loans went to businesses more than two years old and 30.4% to businesses two years old or younger. Startups received 12.5% and changes of ownership 14.3%. The national startup share is 16.1%.

SBA loans in Joplin, MO by fiscal year

- FY2020: 16
- FY2021: 25
- FY2022: 14
- FY2023: 20
- FY2024: 16
- FY2025: 23
- FY2026 (through June 30): 17

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 44% from FY2024 (16 loans) to FY2025 (23), the two latest full years. The busiest full year in the file was FY2021, with 25 loans. FY2026 already shows 17 loans through June 30.

Of the 55 loans Joplin borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 433 jobs supported across the 56 loans since FY2024, about 7.7 per loan. SBA does not audit these estimates.

## What businesses in Joplin borrow for

Other Individual and Family Services was the largest borrower group in Joplin, with 6 loans or 10.7% of the total.

**Industries with the most SBA loans in Joplin, MO, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Other Individual and Family Services](https://www.sbaexpress.loans/industries/other-individual-family-services/) | 6 | 10.7% | 0.2% |

Share is the percent of all Joplin loans in that period. Industry is the NAICS code on each loan. A name links to the Missouri page for that industry where one exists.

## A typical loan payment in Joplin

The median Joplin loan was $150,000 with a median term of 10 years.

The median variable-rate loan in Joplin was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $150,000 over 10 years, principal and interest would come to about $1,962 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Joplin loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $111,250 | $1,455 |
| Median loan | $150,000 | $1,962 |
| 75th percentile loan | $615,000 | $8,042 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Joplin loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Joplin

The 504 file lists fewer than five loans in Joplin since FY2020.

That is too few to publish a count, a dollar total or a median for Joplin.

No Certified Development Company (CDC) is named on five or more 504 loans in Joplin, so the list below is Missouri's. Rural Missouri, Inc. is named on the most there, 94 loans since FY2024.

**CDCs named on five or more 504 loans in Missouri, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Rural Missouri, Inc. | 94 |
| St. Charles County Economic Development Council | 45 |
| Heartland Business Capital, Inc. | 17 |
| Enterprise Development Corporation | 10 |
| STL Partnership CDC | 9 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Missouri cities near Joplin

Joplin made up 2.2% of Missouri's SBA loans since FY2024.

Joplin is one of 6 Missouri cities with 100 or more SBA loans since FY2020. The [Missouri page](https://www.sbaexpress.loans/missouri-small-business-loans/) covers all 2,540 loans in Missouri. The closest come first, ranked by county and ZIP code on their loans.

- [Columbia: 88 loans, median $150,000](https://www.sbaexpress.loans/missouri-small-business-loans/columbia/)
- [Kansas City: 252 loans, median $200,500](https://www.sbaexpress.loans/missouri-small-business-loans/kansas-city/)
- [Lee's Summit: 70 loans, median $251,150](https://www.sbaexpress.loans/missouri-small-business-loans/lee-s-summit/)
- [Springfield: 208 loans, median $304,750](https://www.sbaexpress.loans/missouri-small-business-loans/springfield/)
- [St. Louis: 329 loans, median $255,000](https://www.sbaexpress.loans/missouri-small-business-loans/st-louis/)

## Common questions about SBA loans in Joplin

### Which lenders make the most SBA loans in Joplin?

OakStar Bank leads with 31 loans in Joplin since FY2024. Only lenders with five or more Joplin loans are counted.

### Which industries get SBA loans in Joplin?

Other Individual and Family Services leads with 6 loans in Joplin since FY2024.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Kansas City District Office (the 61 westernmost Missouri counties, with a Springfield office)](https://www.sba.gov/district/kansas-city)
- [SBA St. Louis District Office (the 53 easternmost Missouri counties and the city of St. Louis)](https://www.sba.gov/district/st-louis)
- [Missouri Small Business Development Center](https://sbdc.missouri.edu/)
- [SCORE, Missouri](https://www.score.org/mo/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)