Arkansas — PPP Loan Data
102,039 approved loans · $5.00B total · 93.0% forgiven
Arkansas ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 102,039 loans totaling $5.00B to businesses and organizations across the state. The average loan size was $48,967.
Of all approved loans, 94,901 — or 93.0% — received SBA forgiveness totaling $4.88B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.
Among the largest recipients in Arkansas were MCC GROUP HOLDINGS, INC. ($10,000,000), SYSTEMS PLANT SERVICES INC ($9,978,806), and CARTI ($9,232,632).
Borrowers in Arkansas reported retaining 633,735 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.
The most active industry in Arkansas by loan count was Personal Care Services with 7,447 loans totaling $95.2M. This was followed by Cattle Ranching and Farming (6,473 loans).
The most active lender in Arkansas was ARVEST BANK, which originated 11,786 loans worth $688.0M. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.
Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.0% of loans at or above that threshold have named recipients publicly disclosed.
Top Cities in Arkansas
| City | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| LITTLE ROCK | 11,969 | $807.6M | 87.7% |
| FAYETTEVILLE | 3,761 | $275.9M | 95.8% |
| JONESBORO | 3,668 | $208.2M | 91.4% |
| NORTH LITTLE ROCK | 3,418 | $222.5M | 85.8% |
| FORT SMITH | 2,898 | $232.4M | 93.8% |
| SPRINGDALE | 2,542 | $196.3M | 96.7% |
| CONWAY | 2,508 | $158.5M | 92.6% |
| ROGERS | 2,216 | $162.1M | 95.6% |
| PINE BLUFF | 1,975 | $68.9M | 83.4% |
| BENTONVILLE | 1,816 | $114.9M | 97.4% |
| EL DORADO | 1,786 | $93.0M | 80.6% |
| HOT SPRINGS NATIONAL PARK | 1,606 | $98.8M | 91.9% |
| BENTON | 1,340 | $61.5M | 94.4% |
| HARRISON | 1,281 | $53.4M | 98.2% |
| PARAGOULD | 1,187 | $46.2M | 96.4% |
| RUSSELLVILLE | 1,142 | $83.2M | 95.7% |
| HOT SPRINGS | 1,139 | $51.9M | 94.0% |
| SEARCY | 1,137 | $62.9M | 96.8% |
| BLYTHEVILLE | 1,124 | $42.0M | 82.4% |
| WEST MEMPHIS | 1,097 | $41.1M | 84.5% |
| JACKSONVILLE | 1,075 | $38.6M | 83.9% |
| TEXARKANA | 1,014 | $48.6M | 90.0% |
| SHERWOOD | 896 | $31.8M | 90.1% |
| MOUNTAIN HOME | 893 | $46.2M | 96.8% |
| FORREST CITY | 857 | $20.3M | 82.8% |
Top Industries
| Industry | Loans | Total |
|---|---|---|
| Personal Care Services | 7,447 | $95.2M |
| Cattle Ranching and Farming | 6,473 | $59.6M |
| Accommodation and Food Services | 3,856 | $338.8M |
| Services to Buildings and Dwellings | 3,484 | $77.2M |
| Oilseed and Grain Farming | 3,400 | $82.9M |
| General Freight Trucking | 3,182 | $128.7M |
| Residential Building Construction | 2,652 | $64.5M |
| Offices of Other Health Practitioners | 2,361 | $117.9M |
| Automotive Repair and Maintenance | 2,284 | $61.7M |
| Building Equipment Contractors | 2,242 | $204.1M |
Top Lenders
| Lender | Loans | Total |
|---|---|---|
| ARVEST BANK | 11,786 | $688.0M |
| SIMMONS BANK | 4,881 | $403.5M |
| FIRST SECURITY BANK | 4,402 | $314.1M |
| CENTENNIAL BANK | 4,219 | $324.3M |
| PRESTAMOS CDFI | 3,921 | $56.5M |
| BENWORTH CAPITAL | 3,068 | $38.1M |
| CAPITAL PLUS FINANCIAL | 2,804 | $41.2M |
| SOUTHERN BANCORP BANK | 2,379 | $149.6M |
| HARVEST SMALL BUSINESS FINANCE | 2,289 | $36.8M |
| CADENCE BANK | 2,165 | $133.8M |
Largest Named Recipients in Arkansas
Showing loans ≥ $150,000 with publicly disclosed borrower names.