States › Mississippi › DeSoto County
County6th of 75 in Mississippi by approvalsFIPS 28033
SBA loans in DeSoto County, Mississippi
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in DeSoto County, Mississippi, received 99 SBA loan approvals worth $105M in FY2021 to FY2025 (92 7(a), 7 504).
That is 29.6 approvals per 1,000 business establishments (3,349 establishments in 2023), close to the Mississippi figure of 28.6 and below the national 41.0.
It ranks 6th of 75 Mississippi counties with approvals. In FY2025 there were 24, about level with FY2024.
34 lenders had approvals here; the most active were The Huntington National Bank (10), Community Bank of Mississippi (10) and Renasant Bank (9). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in DeSoto County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 10 | $11.2M | 10.1% | |
| 2 | Community Bank of MississippiFlowood, MS | 10 | $2.7M | 10.1% | |
| 3 | Renasant BankTupelo, MS | 9 | $17.8M | 9.1% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 5 | $11.3M | 5.1% | |
| 5 | Pinnacle BankNashville, TN | 5 | $9.7M | 5.1% | |
| 6 | Three Rivers Local Development Company, Inc.Pontotoc, MS · CDC | 5 | $9.7M | 5.1% | |
| 7 | BankFirst Financial ServicesColumbus, MS | 5 | $1.2M | 5.1% | |
| 8 | Peoples BankMendenhall, MS | 4 | $10.8M | 4.0% | |
| 9 | Byline BankChicago, IL | 4 | $5.5M | 4.0% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 4 | $600K | 4.0% | |
| 11 | First Bank of the LakeOsage Beach, MO | 4 | $567K | 4.0% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $204K | 4.0% | |
| 13 | Northeast BankLewiston, ME | 4 | $139K | 4.0% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 3 | $450K | 3.0% | |
| 15 | Guaranty Bank and Trust CompanyBelzoni, MS | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 10.1% | |
| 2 | General Freight TruckingNAICS 4841 | 7 | 7.1% | |
| 3 | Traveler AccommodationNAICS 7211 | 6 | 6.1% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 6 | 6.1% | |
| 5 | Gasoline StationsNAICS 4471 | 5 | 5.1% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 5 | 5.1% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 4.0% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 4.0% | |
| 9 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 3.0% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 18 | 18.2% | |
| 2 | Accommodation and Food Services | 16 | 16.2% | |
| 3 | Other Services (except Public Administration) | 11 | 11.1% | |
| 4 | Health Care and Social Assistance | 10 | 10.1% | |
| 5 | Transportation and Warehousing | 9 | 9.1% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 7 | 7.1% | |
| 7 | Manufacturing | 6 | 6.1% | |
| 8 | Arts, Entertainment, and Recreation | 6 | 6.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 14 | $11.5M | $350K | 0 | — | 14 | 124 |
| FY2025 | 22 | $29.2M | $567K | 2 | — | 24 | 376 |
| FY2024 | 23 | $18.9M | $290K | 2 | — | 25 | 396 |
| FY2023 | 14 | $8.8M | $184K | 1 | — | 15 | 152 |
| FY2022 | 14 | $7.1M | $150K | 0 | — | 14 | 127 |
| FY2021 | 19 | $29.2M | $1.3M | 2 | — | 21 | 354 |
| FY2020 | 8 | $6.1M | $392K | 0 | — | 8 | 75 |
| FY2019 | 21 | $13.6M | $289K | 1 | — | 22 | 198 |
| FY2018 | 15 | $10.7M | $465K | 0 | — | 15 | 147 |
| FY2017 | 14 | $8.2M | $364K | 0 | — | 14 | 129 |
| FY2016 | 22 | $6.2M | $133K | 1 | — | 23 | 389 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 82 approvals.
Against Mississippi and the country
| FY2021–FY2025 | DeSoto County | Mississippi | United States |
|---|---|---|---|
| Approvals | 99 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 29.6 | 28.6 | 41.0 |
| Median 7(a) approval | $332K | $200K | $190K |
| Median 504 approval | $876K | $1.1M | $657K |
| Average approval | $1.1M | $561K | $573K |
| 504 share of approvals | 7.1% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 14.2 | 10.2 | 10.5 |
| Share of state approvals | 5.7% | 100.0% | — |
Approval sizes
- $50,000 or less11.1%11
- $50,001 to $150,00022.2%22
- $150,001 to $350,00016.2%16
- $350,001 to $1 million22.2%22
- $1 million to $2 million9.1%9
- Over $2 million19.2%19
Age of the businesses
- Existing, more than 2 years old35.4%35
- New business, 2 years or less16.2%16
- Startup, loan funds will open the business33.3%33
- Change of ownership15.2%15
Questions and answers
Which lenders make the most SBA loans in DeSoto County?
By approvals in FY2021 to FY2025: The Huntington National Bank (10), Community Bank of Mississippi (10), Renasant Bank (9), Live Oak Banking Company (5), Pinnacle Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in DeSoto County?
The median 7(a) approval was $332K and the median 504 approval $876K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in DeSoto County?
Restaurants and Other Eating Places (10); General Freight Trucking (7); Traveler Accommodation (6); Services to Buildings and Dwellings (6); Gasoline Stations (5).
Is SBA lending in DeSoto County rising?
Approvals in the three latest complete fiscal years total 64, against 43 in the three before: rising (+49%).
How does DeSoto County compare with the rest of Mississippi?
29.6 approvals per 1,000 establishments against 28.6 statewide, and 99 of the state's 1,729 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error