OakStar Bank logo

OakStar Bank

Missouri and Kansas SBA Preferred Lender: 7(a) loans $32,000 to $5,000,000, 9.5% median starting rate, no published credit minimum, often 60 to 90 days to fund.

SBA & Government-Backed Loans:
SBA 7(a) Loans
Tags:
#Working Capital#Secured#Buying A Business

Rates & Cost

What the financing costs, normalized so lenders can be compared.

Estimated APR:
~10.04% APR on a $350K 10-yr SBA 7(a) at the 9.5% median rate incl. 3% guaranty fee (Lender List est.); SBA caps at 7% Prime: 10% to 13.5% variable
Pricing (as quoted by lender):
No rates published; SBA 7(a) FOIA data (as of Jun 30, 2026): 9.5% median starting rate last 12 months (7.5% to 10.25%), median Prime + 2.25
Cost to borrow $100K for 6 months:
≈$6,390 (6 months' interest at 9.5% on a 10-yr SBA 7(a), $4,690, plus $1,700 SBA guaranty fee; bank fees not published)
Fees:
SBA guaranty fee (2% of guaranteed share ≤$150K; 3% on $150,001 to $700,000); bank closing/packaging fees not published
Early payoff:
Allowed; SBA prepayment fee only on 15+-year terms when a large share is prepaid in years 1 to 3 (5%/3%/1%)
Pricing transparency (0-3):
0

Repayment Terms

How and how fast you pay it back, and how flexible it is.

Term:
About 10 years typical (median 120 months, SBA 7(a) FOIA data); up to 25 years for real estate (34 of 93 last-12-month loans 20+ years)
Repayment schedule:
Monthly, amortizing; variable rate tied to Prime (91 of 93 last-12-month loans variable)
Flexibility in slow months:
Low — monthly amortizing payments that reset with Prime; 10- to 25-year terms keep them small

Eligibility & Access

Who qualifies and what you have to put on the line.

Funding amount:
$32,000 to $5,000,000 (SBA 7(a) loans, last 12 months to Jun 30, 2026; median $719,800)
Minimum revenue:
Lender does not publish; must meet SBA size standards
Minimum time in business:
None — startups accepted (14 of 93 loans last 12 months; 16 more to businesses 2 years or less); 10% equity injection for startups and acquisitions
Credit check:
Lender does not publish a minimum score; full credit underwriting
Personal guarantee:
Required from owners of 20% or more (SBA rule)
Collateral & lien:
Secured — collateral on all 93 SBA 7(a) loans in the 12 months to Jun 30, 2026 (634 of 638 since FY2020)

Speed & Service

How fast you get funded and how the lender treats you.

Time to funding:
Lender does not publish; standard SBA 7(a) often 60 to 90 days application to funding (30 to 90 days across SBA loans); in-house PLP decisions skip the 5 to 10 business-day SBA review
Lender status:
Active SBA lender (last 7(a) approval Jun 25, 2026; 93 loans in the 12 months to Jun 30, 2026)

Company Verification

Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.

Legal entity:
Oakstar Bank
Registered in:
Missouri (FDIC cert #58115)
Company formed:
Chartered 2005
Website domain registered:
Jun 2005
Follow:
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Best for: Missouri, Kansas and Colorado owners buying or expanding a business who need an SBA 7(a) loan of $32,000 to $5,000,000.

Not for: Borrowers outside Missouri, Kansas and Colorado, or anyone needing speed, posted rates or unsecured credit.

Lender List verdict: A strong pick for Missouri and Kansas acquisitions and real estate: OakStar Bank, an SBA Preferred Lender ranked #1 for 7(a) in both states in FY2024 by NAGGL (per the bank), approved 93 loans worth $108.7M in the year to June 30, 2026, at a 9.5% median rate, all secured.

OakStar Bank at a glance

OakStar Bank
Lender typeFDIC-insured community bank, founded 2005, Springfield, MO; SBA Preferred Lender
Amounts$32,000 to $5,000,000 (last 12 months); median $719,800
Cost (headline)9.5% median rate, variable (last 12 months)
Term10 years typical; up to 25 years for real estate
Funding speedLender does not publish; often 60 to 90 days for 7(a)
StatusActive; last SBA approval June 25, 2026

What is OakStar Bank?

OakStar Bank is a $3.29 billion, FDIC-insured (cert 58115) SBA Preferred Lender founded in Springfield, Missouri, in 2005. It has made 638 SBA 7(a) loans since FY2020 with just 3 charge-offs, none on loans approved after FY2021.

OakStar Bank SBA programs

OakStar Bank made 93 SBA 7(a) loans in the 12 months to June 30, 2026 (FY2025: 140; FY2026 through June 30: 68), at a median size of $719,800.

  • Preferred Lender: 83 of 93 loans were approved in-house under PLP authority
  • Long terms: 34 of 93 loans ran 20 years or more

OakStar Bank rates and fees: what it really costs

OakStar Bank's SBA 7(a) loans carried a 9.5% median starting rate (about Prime + 2.25) over the last 12 months; it posts no rates. At today's 7.00% Prime, SBA caps variable loans above $350K at 10.0%.

Worked example: $350,000 over 10 years at 9.5% costs $4,528.91 a month, $543,469.74 in total. The $7,875 SBA guaranty fee (3% of the 75% guaranteed share) lifts the APR to about 10.04%.

OakStar Bank requirements

OakStar Bank applies SBA rules and publishes no minimums of its own.

RequirementOakStar Bank minimum
Down payment10% for startups and acquisitions
Personal guaranteeOwners of 20% or more
CollateralTaken on all 93 loans in the last 12 months
Credit score / revenueLender does not publish; must meet SBA size standards

Frequently asked questions about OakStar Bank

Where Are OakStar Bank's Locations? OakStar Bank is headquartered in Springfield, Missouri, with branches in towns including Bolivar, Camdenton, Clinton, Joplin and Nixa, Missouri; Overland Park and Ottawa, Kansas; and Grand Junction, Colorado. Call 417.447.0535. Of its last 93 SBA loans, 63 financed Missouri projects and 25 Kansas projects.

How Long Does OakStar Bank Take to Close an SBA Loan? OakStar Bank publishes no timeline; standard SBA 7(a) loans often take 60 to 90 days from application to funding. 83 of its last 93 loans (89%) were approved in-house as a Preferred Lender, skipping the SBA's 5 to 10 business-day review.

Does OakStar Bank Lend to Startups? Yes: 14 of its last 93 SBA loans went to businesses not yet open, and 16 more to firms two years old or less. Expect a 10% equity injection, collateral and a personal guarantee from every owner holding 20% or more.

Does OakStar Bank Finance Business Acquisitions? Yes. 24 of OakStar Bank's last 93 SBA loans (26%) financed a change of ownership, and 126 of 638 since FY2020. Buyers should plan to inject at least 10% of the project cost, pledge collateral and give a personal guarantee if they will own 20% or more.

Compare SBA 7(a) and SBA Express lenders, or Midwest peer Busey Bank and national lender Newtek Bank.

SBA figures: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.

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