# Small business loans in Norman, OK

**Short answer:** The most active SBA lenders in Norman, OK since FY2024 are BancFirst (8 loans) and The Huntington National Bank (6). The median loan was $350,000, and half fell between $150,000 and $545,000. For free help, see the Oklahoma Small Business Development Centers. Source: SBA 7(a) loan data.

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

## Lenders making SBA loans in Norman

No lender made more than 20% of the loans in Norman, and BancFirst made the most. The three largest lenders together made 46%.

**Lenders with five or more SBA loans in Norman, OK, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [BancFirst](https://www.sbaexpress.loans/sba-express-lenders/bancfirst/) | 8 | 19.5% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/oklahoma/) | 6 | 14.6% |
| [First United Bank and Trust Company](https://www.sbaexpress.loans/sba-express-lenders/first-united-bank-and-trust-company/) | 5 | 12.2% |

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

Norman has three lenders with five or more loans since FY2024. Others had fewer, and the Oklahoma page counts 145 lenders with at least one approved loan statewide.

## Local help near Norman

Norman borrowers can start with SBA's district office for Oklahoma, an SBDC or SCORE.

SBA has one district office for Oklahoma. Its page points to state and federal resources and to lenders in the area. The Oklahoma Small Business Development Centers gives free counseling across Oklahoma.

- [SBA Oklahoma District Office: SBA district office](https://www.sba.gov/district/oklahoma)
- [Oklahoma Small Business Development Centers: Small Business Development Center](https://www.oksbdc.org/)
- [SCORE mentors in Oklahoma: Business mentoring](https://www.score.org/ok/)

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

- [Oklahoma Business Lending Partnership (OBLP)](https://oklahoma.gov/ocast/funding-opportunities/ssbci.html)

## Loan counts and sizes in Norman

Norman ranks 4th by loans since FY2024 among the 4 Oklahoma cities with 100 or more SBA loans since FY2020. Nationally it is the 565th busiest of the 580 cities that reach 100 loans.

The 41 loans, 3.6% of the 1,130 in Oklahoma, were approved for $24.0 million in all. The median loan was $350,000, 2.3 times the national median of $150,300. Half of the loans fell between $150,000 and $545,000. The Norman median is 33% above the Oklahoma median of $263,750.

**Norman, OK compared with Oklahoma and the nation, loans from FY2024 to June 2026**

| Measure | Norman | Oklahoma | U.S. |
| --- | --- | --- | --- |
| Loans | 41 | 1,130 | 162,355 |
| Median loan | $350,000 | $263,750 | $150,300 |
| 25th percentile | $150,000 | $104,125 | $50,000 |
| 75th percentile | $545,000 | $700,975 | $500,000 |
| Via SBA Express | 17.1% | 23.3% | 35.8% |
| Lines of credit | 12.2% | 16.7% | 28.1% |
| Startups | 36.6% | 26.0% | 16.1% |
| Ownership changes | 14.6% | 12.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 2.0 | 2.75 |
| Charged off | Fewer than 5 | 2.6% | 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.

73% of the loans were $500,000 or less, the size SBA Express covers. 17.1% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 12.2% of loans, below the national 28.1%.

SBA loans in Norman, OK by size, FY2024 to June 2026

- $50,000 or less (12%): 5
- $50,001 to $150,000 (17%): 7
- $150,001 to $350,000 (22%): 9
- $350,001 to $500,000 (22%): 9
- $500,001 to $1,000,000 (12%): 5
- $1,000,001 to $2,000,000: Fewer than 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.

SBA loans in Norman, OK by fiscal year

- FY2020: 17
- FY2021: 23
- FY2022: 18
- FY2023: 14
- FY2024: 14
- FY2025: 15
- FY2026 (through June 30): 12

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

Volume rose 7% from FY2024 (14 loans) to FY2025 (15), the two latest full years. The busiest full year in the file was FY2021, with 23 loans. FY2026 already shows 12 loans through June 30.

Of the 58 loans Norman borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 544 jobs supported across the 41 loans since FY2024, about 13.3 per loan. SBA does not audit these estimates.

## What businesses in Norman borrow for

Limited-Service Restaurants was the largest borrower group in Norman since FY2020, with 7 loans or 6.2% of the total.

**Industries with the most SBA loans in Norman, OK, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 7 | 6.2% | 3.3% |

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

## A typical loan payment in Norman

The median Norman loan was $350,000 with a median term of 10 years.

The median variable-rate loan in Norman was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $350,000 over 10 years, principal and interest would come to about $4,434 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $150,000 | $1,900 |
| Median loan | $350,000 | $4,434 |
| 75th percentile loan | $545,000 | $6,904 |

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 $350,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 2.5 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Norman loans approved since FY2024 had a median starting rate of 9.25% at approval, against 10.25% nationally. 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 $350,000 loan](https://www.sbaexpress.loans/loan-amounts/350000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Norman

Norman has 9 SBA 504 loans since FY2020, with $7.5 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

Rural Enterprises of Oklahoma, Inc. is the one Certified Development Company (CDC) named on five or more loans, 6 since FY2020.

**CDCs named on five or more 504 loans in Norman, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Rural Enterprises of Oklahoma, Inc. | 6 |

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/).

## Oklahoma cities near Norman

Norman made up 3.6% of Oklahoma's SBA loans since FY2024.

Norman is one of 4 Oklahoma cities with 100 or more SBA loans since FY2020. The [Oklahoma page](https://www.sbaexpress.loans/oklahoma-small-business-loans/) covers all 1,130 loans in Oklahoma. The closest come first, ranked by county and ZIP code on their loans.

- [Edmond: 79 loans, median $167,400](https://www.sbaexpress.loans/oklahoma-small-business-loans/edmond/)
- [Oklahoma City: 255 loans, median $250,000](https://www.sbaexpress.loans/oklahoma-small-business-loans/oklahoma-city/)
- [Tulsa: 182 loans, median $290,200](https://www.sbaexpress.loans/oklahoma-small-business-loans/tulsa/)

## Common questions about SBA loans in Norman

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

BancFirst leads with 8 loans in Norman since FY2024. The Huntington National Bank (6) and First United Bank and Trust Company (5) follow. Only lenders with five or more Norman loans are counted.

### Which industries get SBA loans in Norman?

Limited-Service Restaurants leads with 7 loans in Norman since FY2020.

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 Oklahoma District Office](https://www.sba.gov/district/oklahoma)
- [Oklahoma Small Business Development Centers](https://www.oksbdc.org/)
- [SCORE, Oklahoma](https://www.score.org/ok/)
- [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)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)