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County1st of 75 in Mississippi by approvalsFIPS 28049
SBA loans in Hinds 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 Hinds County, Mississippi, received 130 SBA loan approvals worth $73.6M in FY2021 to FY2025 (129 7(a), 1 504).
That is 26.7 approvals per 1,000 business establishments (4,878 establishments in 2023), close to the Mississippi figure of 28.6 and below the national 41.0.
It ranks 1st of 75 Mississippi counties with approvals. In FY2025 there were 21, down 22% on FY2024.
38 lenders had approvals here; the most active were Peoples Bank (23), Community Bank of Mississippi (19) and Trustmark Bank (14). The most common industry was traveler accommodation.
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 Hinds County
By number of approvals to businesses in the county, FY2021–FY2025; 38 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Peoples BankMendenhall, MS | 23 | $8.3M | 17.7% | |
| 2 | Community Bank of MississippiFlowood, MS | 19 | $4.8M | 14.6% | |
| 3 | Trustmark BankJackson, MS | 14 | $2.5M | 10.8% | |
| 4 | The Huntington National BankColumbus, OH | 7 | $5.2M | 5.4% | |
| 5 | BankFirst Financial ServicesColumbus, MS | 6 | $2.7M | 4.6% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 4 | $6.5M | 3.1% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $3.2M | 3.1% | |
| 8 | BankPlusBelzoni, MS | 4 | $3.2M | 3.1% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 4 | $973K | 3.1% | |
| 10 | Northeast BankLewiston, ME | 4 | $505K | 3.1% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $1.2M | 2.3% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 3 | $750K | 2.3% | |
| 13 | Renasant BankTupelo, MS | 2 | — | 1.5% | |
| 14 | First Western SBLC, LLCDallas, TX | 2 | — | 1.5% | |
| 15 | Bank Five NineOconomowoc, WI | 2 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 10 | 7.7% | |
| 2 | General Freight TruckingNAICS 4841 | 10 | 7.7% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 6.2% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 5.4% | |
| 5 | Child Day Care ServicesNAICS 6244 | 7 | 5.4% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 4.6% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 4 | 3.1% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 4 | 3.1% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.1% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 4 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 21 | 16.2% | |
| 2 | Transportation and Warehousing | 17 | 13.1% | |
| 3 | Health Care and Social Assistance | 16 | 12.3% | |
| 4 | Retail Trade | 16 | 12.3% | |
| 5 | Other Services (except Public Administration) | 11 | 8.5% | |
| 6 | Arts, Entertainment, and Recreation | 8 | 6.2% | |
| 7 | Professional, Scientific, and Technical Services | 8 | 6.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 8 | 6.2% |
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* | 13 | $4.3M | $150K | 0 | — | 13 | 177 |
| FY2025 | 21 | $11.0M | $200K | 0 | — | 21 | 224 |
| FY2024 | 27 | $21.9M | $346K | 0 | — | 27 | 400 |
| FY2023 | 22 | $13.9M | $257K | 0 | — | 22 | 306 |
| FY2022 | 28 | $13.7M | $282K | 0 | — | 28 | 371 |
| FY2021 | 31 | $12.8M | $168K | 1 | — | 32 | 336 |
| FY2020 | 20 | $12.6M | $226K | 0 | — | 20 | 269 |
| FY2019 | 24 | $11.1M | $103K | 0 | — | 24 | 164 |
| FY2018 | 31 | $13.1M | $77K | 0 | — | 31 | 282 |
| FY2017 | 37 | $11.5M | $88K | 2 | — | 39 | 289 |
| FY2016 | 24 | $8.1M | $150K | 0 | — | 24 | 306 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 138 approvals.
Against Mississippi and the country
| FY2021–FY2025 | Hinds County | Mississippi | United States |
|---|---|---|---|
| Approvals | 130 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 26.7 | 28.6 | 41.0 |
| Median 7(a) approval | $250K | $200K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $566K | $561K | $573K |
| 504 share of approvals | 0.8% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 12.6 | 10.2 | 10.5 |
| Share of state approvals | 7.5% | 100.0% | — |
Approval sizes
- $50,000 or less10.0%13
- $50,001 to $150,00027.7%36
- $150,001 to $350,00023.1%30
- $350,001 to $1 million21.5%28
- $1 million to $2 million10.0%13
- Over $2 million7.7%10
Age of the businesses
- Existing, more than 2 years old48.5%63
- New business, 2 years or less14.6%19
- Startup, loan funds will open the business26.9%35
- Change of ownership10.0%13
Questions and answers
Which lenders make the most SBA loans in Hinds County?
By approvals in FY2021 to FY2025: Peoples Bank (23), Community Bank of Mississippi (19), Trustmark Bank (14), The Huntington National Bank (7), BankFirst Financial Services (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hinds County?
The median 7(a) approval was $250K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in Hinds County?
Traveler Accommodation (10); General Freight Trucking (10); Restaurants and Other Eating Places (8); Other Amusement and Recreation Industries (7); Child Day Care Services (7).
Is SBA lending in Hinds County rising?
Approvals in the three latest complete fiscal years total 70, against 80 in the three before: falling (-12%).
How does Hinds County compare with the rest of Mississippi?
26.7 approvals per 1,000 establishments against 28.6 statewide, and 130 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