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County3rd of 75 in Mississippi by approvalsFIPS 28089
SBA loans in Madison 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 128 loans to businesses in Madison County, Mississippi, in FY2021 to FY2025, worth $43.0M: 126 under 7(a) and 2 under 504.
That is 36.7 approvals per 1,000 business establishments (3,489 establishments in 2023), above the Mississippi figure of 28.6 and close to the national 41.0.
It ranks 3rd of 75 Mississippi counties with approvals. In FY2025 there were 26, up 30% on FY2024.
36 lenders had approvals here; the most active were Community Bank of Mississippi (30), Trustmark Bank (14) and BankFirst Financial Services (11). 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 Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 36 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community Bank of MississippiFlowood, MS | 30 | $8.9M | 23.4% | |
| 2 | Trustmark BankJackson, MS | 14 | $2.0M | 10.9% | |
| 3 | BankFirst Financial ServicesColumbus, MS | 11 | $3.0M | 8.6% | |
| 4 | The Huntington National BankColumbus, OH | 8 | $2.5M | 6.3% | |
| 5 | BankPlusBelzoni, MS | 6 | $1.3M | 4.7% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 6 | $1.2M | 4.7% | |
| 7 | Peoples BankMendenhall, MS | 6 | $919K | 4.7% | |
| 8 | Northeast BankLewiston, ME | 5 | $381K | 3.9% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $2.1M | 3.1% | |
| 10 | Renasant BankTupelo, MS | 3 | $1.3M | 2.3% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 3 | $500K | 2.3% | |
| 12 | RiverHills BankVicksburg, MS | 3 | $270K | 2.3% | |
| 13 | Seacoast National BankStuart, FL | 2 | — | 1.6% | |
| 14 | Beacon Bank and TrustBrookline, MA | 2 | — | 1.6% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 14.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 9 | 7.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 8 | 6.3% | |
| 4 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 7 | 5.5% | |
| 5 | Individual and Family ServicesNAICS 6241 | 7 | 5.5% | |
| 6 | Personal Care ServicesNAICS 8121 | 5 | 3.9% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.1% | |
| 8 | General Freight TruckingNAICS 4841 | 4 | 3.1% | |
| 9 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 3 | 2.3% | |
| 10 | Residential Building ConstructionNAICS 2361 | 3 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 24 | 18.8% | |
| 2 | Health Care and Social Assistance | 17 | 13.3% | |
| 3 | Retail Trade | 13 | 10.2% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 12 | 9.4% | |
| 5 | Other Services (except Public Administration) | 10 | 7.8% | |
| 6 | Professional, Scientific, and Technical Services | 9 | 7.0% | |
| 7 | Construction | 7 | 5.5% | |
| 8 | Finance and Insurance | 7 | 5.5% |
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* | 18 | $10.8M | $278K | 0 | — | 18 | 195 |
| FY2025 | 26 | $5.7M | $145K | 0 | — | 26 | 172 |
| FY2024 | 20 | $4.0M | $150K | 0 | — | 20 | 210 |
| FY2023 | 32 | $11.1M | $171K | 0 | — | 32 | 374 |
| FY2022 | 20 | $8.3M | $287K | 1 | — | 21 | 483 |
| FY2021 | 28 | $13.0M | $230K | 1 | — | 29 | 361 |
| FY2020 | 27 | $13.6M | $206K | 1 | — | 28 | 510 |
| FY2019 | 15 | $8.0M | $183K | 0 | — | 15 | 130 |
| FY2018 | 28 | $14.1M | $125K | 2 | — | 30 | 367 |
| FY2017 | 26 | $4.8M | $118K | 0 | — | 26 | 249 |
| FY2016 | 26 | $4.4M | $66K | 0 | — | 26 | 173 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 125 approvals.
Against Mississippi and the country
| FY2021–FY2025 | Madison County | Mississippi | United States |
|---|---|---|---|
| Approvals | 128 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 36.7 | 28.6 | 41.0 |
| Median 7(a) approval | $163K | $200K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $336K | $561K | $573K |
| 504 share of approvals | 1.6% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 12.5 | 10.2 | 10.5 |
| Share of state approvals | 7.4% | 100.0% | — |
Approval sizes
- $50,000 or less16.4%21
- $50,001 to $150,00033.6%43
- $150,001 to $350,00024.2%31
- $350,001 to $1 million19.5%25
- $1 million to $2 million3.9%5
- Over $2 million2.3%3
Age of the businesses
- Existing, more than 2 years old35.9%46
- New business, 2 years or less12.5%16
- Startup, loan funds will open the business42.2%54
- Change of ownership9.4%12
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: Community Bank of Mississippi (30), Trustmark Bank (14), BankFirst Financial Services (11), The Huntington National Bank (8), BankPlus (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $163K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in Madison County?
Restaurants and Other Eating Places (19); Services to Buildings and Dwellings (9); Offices of Other Health Practitioners (8); Agencies, Brokerages, and Other Insurance Related Activities (7); Individual and Family Services (7).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 78, against 78 in the three before: broadly level (0%).
How does Madison County compare with the rest of Mississippi?
36.7 approvals per 1,000 establishments against 28.6 statewide, and 128 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