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County14th of 75 in Mississippi by approvalsFIPS 28075
SBA loans in Lauderdale 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.
SBA approved 32 loans to businesses in Lauderdale County, Mississippi, in FY2021 to FY2025, worth $26.5M: 31 under 7(a) and 1 under 504.
That is 18.2 approvals per 1,000 business establishments (1,754 establishments in 2023), below the Mississippi figure of 28.6 and below the national 41.0.
It ranks 14th of 75 Mississippi counties with approvals. In FY2025 there were 5, down 55% on FY2024.
18 lenders had approvals here; the most active were Readycap Lending, LLC (4), The Citizens National Bank of Meridian (4) and The Commercial Bank (3). 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 Lauderdale County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $3.8M | 12.5% | |
| 2 | The Citizens National Bank of MeridianMeridian, MS | 4 | $210K | 12.5% | |
| 3 | The Commercial BankDe Kalb, MS | 3 | $1.3M | 9.4% | |
| 4 | Peoples BankMendenhall, MS | 3 | $413K | 9.4% | |
| 5 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 6.3% | |
| 6 | Community Bank of MississippiFlowood, MS | 2 | — | 6.3% | |
| 7 | BankFirst Financial ServicesColumbus, MS | 2 | — | 6.3% | |
| 8 | BankPlusBelzoni, MS | 2 | — | 6.3% | |
| 9 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 3.1% | |
| 10 | SouthPoint BankBirmingham, AL | 1 | — | 3.1% | |
| 11 | Southern AgCredit, FLCAHattiesburg, MS | 1 | — | 3.1% | |
| 12 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 3.1% | |
| 13 | First State BankWaynesboro, MS | 1 | — | 3.1% | |
| 14 | Florida Business Development CorporationTampa, FL · CDC | 1 | — | 3.1% | |
| 15 | Colony BankFitzgerald, GA | 1 | — | 3.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 5 | 15.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 9.4% | |
| 3 | Home Health Care ServicesNAICS 6216 | 2 | 6.3% | |
| 4 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 6.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 2 | 6.3% | |
| 6 | General Freight TruckingNAICS 4841 | 2 | 6.3% | |
| 7 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 1 | 3.1% | |
| 8 | Poultry and Egg ProductionNAICS 1123 | 1 | 3.1% | |
| 9 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 1 | 3.1% | |
| 10 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 1 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 9 | 28.1% | |
| 2 | Other Services (except Public Administration) | 4 | 12.5% | |
| 3 | Transportation and Warehousing | 4 | 12.5% | |
| 4 | Health Care and Social Assistance | 3 | 9.4% | |
| 5 | Retail Trade | 2 | 6.3% | |
| 6 | Construction | 2 | 6.3% | |
| 7 | Finance and Insurance | 2 | 6.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 6.3% |
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* | 2 | — | — | 0 | — | 2 | 16 |
| FY2025 | 5 | $340K | $45K | 0 | — | 5 | 55 |
| FY2024 | 11 | $9.6M | $131K | 0 | — | 11 | 163 |
| FY2023 | 5 | $5.7M | $238K | 0 | — | 5 | 17 |
| FY2022 | 2 | — | — | 0 | — | 2 | 25 |
| FY2021 | 8 | $7.2M | $187K | 1 | — | 9 | 51 |
| FY2020 | 3 | $2.7M | $363K | 0 | — | 3 | 49 |
| FY2019 | 7 | $1.6M | $265K | 0 | — | 7 | 29 |
| FY2018 | 3 | $1.8M | $717K | 0 | — | 3 | 74 |
| FY2017 | 4 | $2.2M | $354K | 0 | — | 4 | 143 |
| FY2016 | 2 | — | — | 0 | — | 2 | 10 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 19 approvals.
Against Mississippi and the country
| FY2021–FY2025 | Lauderdale County | Mississippi | United States |
|---|---|---|---|
| Approvals | 32 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 18.2 | 28.6 | 41.0 |
| Median 7(a) approval | $146K | $200K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $829K | $561K | $573K |
| 504 share of approvals | 3.1% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 10.2 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less21.9%7
- $50,001 to $150,00034.4%11
- $150,001 to $350,0006.3%2
- $350,001 to $1 million12.5%4
- $1 million to $2 million12.5%4
- Over $2 million12.5%4
Age of the businesses
- Existing, more than 2 years old34.4%11
- New business, 2 years or less31.3%10
- Startup, loan funds will open the business21.9%7
- Change of ownership12.5%4
Questions and answers
Which lenders make the most SBA loans in Lauderdale County?
By approvals in FY2021 to FY2025: Readycap Lending, LLC (4), The Citizens National Bank of Meridian (4), The Commercial Bank (3), Peoples Bank (3), Newtek Small Business Finance, Inc. (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lauderdale County?
The median 7(a) approval was $146K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in Lauderdale County?
Traveler Accommodation (5); Restaurants and Other Eating Places (3); Home Health Care Services (2); Agencies, Brokerages, and Other Insurance Related Activities (2); Services to Buildings and Dwellings (2).
Is SBA lending in Lauderdale County rising?
Approvals in the three latest complete fiscal years total 21, against 14 in the three before: rising (+50%).
How does Lauderdale County compare with the rest of Mississippi?
18.2 approvals per 1,000 establishments against 28.6 statewide, and 32 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