States › Mississippi › Rankin County
County2nd of 75 in Mississippi by approvalsFIPS 28121
SBA loans in Rankin 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 129 loans to businesses in Rankin County, Mississippi, in FY2021 to FY2025, worth $50.8M: 129 under 7(a) and 0 under 504.
That is 31.6 approvals per 1,000 business establishments (4,083 establishments in 2023), close to the Mississippi figure of 28.6 and below the national 41.0.
It ranks 2nd of 75 Mississippi counties with approvals. In FY2025 there were 35, up 40% on FY2024.
28 lenders had approvals here; the most active were Peoples Bank (25), Community Bank of Mississippi (22) and Trustmark Bank (17). 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 Rankin County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Peoples BankMendenhall, MS | 25 | $8.9M | 19.4% | |
| 2 | Community Bank of MississippiFlowood, MS | 22 | $5.3M | 17.1% | |
| 3 | Trustmark BankJackson, MS | 17 | $2.0M | 13.2% | |
| 4 | The Huntington National BankColumbus, OH | 9 | $6.4M | 7.0% | |
| 5 | BankFirst Financial ServicesColumbus, MS | 8 | $2.9M | 6.2% | |
| 6 | BankPlusBelzoni, MS | 5 | $1.9M | 3.9% | |
| 7 | Northeast BankLewiston, ME | 5 | $950K | 3.9% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 5 | $750K | 3.9% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $415K | 3.9% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 4 | $1.7M | 3.1% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $969K | 2.3% | |
| 12 | Patriot Bank, National AssociationStamford, CT | 2 | — | 1.6% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 2 | — | 1.6% | |
| 14 | PriorityOne BankMagee, MS | 2 | — | 1.6% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 10.9% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 8 | 6.2% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 4.7% | |
| 4 | Couriers and Express Delivery ServicesNAICS 4921 | 6 | 4.7% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 6 | 4.7% | |
| 6 | General Freight TruckingNAICS 4841 | 6 | 4.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 5 | 3.9% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 5 | 3.9% | |
| 9 | Architectural, Engineering, and Related ServicesNAICS 5413 | 5 | 3.9% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 3.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 18 | 14.0% | |
| 2 | Transportation and Warehousing | 17 | 13.2% | |
| 3 | Construction | 15 | 11.6% | |
| 4 | Retail Trade | 13 | 10.1% | |
| 5 | Health Care and Social Assistance | 11 | 8.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 10 | 7.8% | |
| 7 | Professional, Scientific, and Technical Services | 10 | 7.8% | |
| 8 | Arts, Entertainment, and Recreation | 6 | 4.7% |
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* | 21 | $18.8M | $343K | 0 | — | 21 | 332 |
| FY2025 | 35 | $18.1M | $270K | 0 | — | 35 | 402 |
| FY2024 | 25 | $6.8M | $150K | 0 | — | 25 | 302 |
| FY2023 | 25 | $12.4M | $150K | 0 | — | 25 | 324 |
| FY2022 | 25 | $9.2M | $150K | 0 | — | 25 | 177 |
| FY2021 | 19 | $4.3M | $120K | 0 | — | 19 | 137 |
| FY2020 | 23 | $16.5M | $245K | 0 | — | 23 | 473 |
| FY2019 | 22 | $10.3M | $254K | 1 | — | 23 | 204 |
| FY2018 | 30 | $6.2M | $77K | 0 | — | 30 | 161 |
| FY2017 | 34 | $10.3M | $103K | 0 | — | 34 | 379 |
| FY2016 | 27 | $13.0M | $90K | 0 | — | 27 | 189 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 137 approvals.
Against Mississippi and the country
| FY2021–FY2025 | Rankin County | Mississippi | United States |
|---|---|---|---|
| Approvals | 129 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 31.6 | 28.6 | 41.0 |
| Median 7(a) approval | $150K | $200K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $394K | $561K | $573K |
| 504 share of approvals | 0.0% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 10.2 | 10.5 |
| Share of state approvals | 7.5% | 100.0% | — |
Approval sizes
- $50,000 or less22.5%29
- $50,001 to $150,00028.7%37
- $150,001 to $350,00019.4%25
- $350,001 to $1 million21.7%28
- $1 million to $2 million5.4%7
- Over $2 million2.3%3
Age of the businesses
- Existing, more than 2 years old40.3%52
- New business, 2 years or less17.8%23
- Startup, loan funds will open the business31.0%40
- Change of ownership10.9%14
Questions and answers
Which lenders make the most SBA loans in Rankin County?
By approvals in FY2021 to FY2025: Peoples Bank (25), Community Bank of Mississippi (22), Trustmark Bank (17), The Huntington National Bank (9), BankFirst Financial Services (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Rankin County?
The median 7(a) approval was $150K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in Rankin County?
Restaurants and Other Eating Places (14); Offices of Other Health Practitioners (8); Other Amusement and Recreation Industries (6); Couriers and Express Delivery Services (6); Services to Buildings and Dwellings (6).
Is SBA lending in Rankin County rising?
Approvals in the three latest complete fiscal years total 85, against 67 in the three before: rising (+27%).
How does Rankin County compare with the rest of Mississippi?
31.6 approvals per 1,000 establishments against 28.6 statewide, and 129 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