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County7th of 75 in Mississippi by approvalsFIPS 28127
SBA loans in Simpson 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 83 loans to businesses in Simpson County, Mississippi, in FY2021 to FY2025, worth $19.1M: 83 under 7(a) and 0 under 504.
That is 186.9 approvals per 1,000 business establishments (444 establishments in 2023), above the Mississippi figure of 28.6 and above the national 41.0.
It ranks 7th of 75 Mississippi counties with approvals. In FY2025 there were 16, down 16% on FY2024.
12 lenders had approvals here; the most active were Peoples Bank (61), Trustmark Bank (10) and First Financial Bank (3). The most common industry was general freight trucking.
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 Simpson County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Peoples BankMendenhall, MS | 61 | $7.9M | 73.5% | |
| 2 | Trustmark BankJackson, MS | 10 | $1.4M | 12.0% | |
| 3 | First Financial BankEl Dorado, AR | 3 | $337K | 3.6% | |
| 4 | Southern AgCredit, FLCAHattiesburg, MS | 1 | — | 1.2% | |
| 5 | Stone BankMountain View, AR | 1 | — | 1.2% | |
| 6 | Southern Bancorp BankArkadelphia, AR | 1 | — | 1.2% | |
| 7 | Renasant BankTupelo, MS | 1 | — | 1.2% | |
| 8 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 1.2% | |
| 9 | Covington County BankCollins, MS | 1 | — | 1.2% | |
| 10 | Colony BankFitzgerald, GA | 1 | — | 1.2% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.2% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 18 | 21.7% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 10.8% | |
| 3 | Poultry and Egg ProductionNAICS 1123 | 8 | 9.6% | |
| 4 | Specialized Freight TruckingNAICS 4842 | 5 | 6.0% | |
| 5 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 4 | 4.8% | |
| 6 | LoggingNAICS 1133 | 3 | 3.6% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 2 | 2.4% | |
| 8 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 2 | 2.4% | |
| 9 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 2.4% | |
| 10 | Gasoline StationsNAICS 4471 | 2 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 23 | 27.7% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 14 | 16.9% | |
| 3 | Construction | 14 | 16.9% | |
| 4 | Retail Trade | 8 | 9.6% | |
| 5 | Wholesale Trade | 7 | 8.4% | |
| 6 | Other Services (except Public Administration) | 5 | 6.0% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 2.4% | |
| 8 | Health Care and Social Assistance | 2 | 2.4% |
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* | 4 | $2.5M | $505K | 0 | — | 4 | 16 |
| FY2025 | 16 | $9.8M | $122K | 0 | — | 16 | 64 |
| FY2024 | 19 | $3.6M | $150K | 0 | — | 19 | 68 |
| FY2023 | 14 | $1.9M | $125K | 0 | — | 14 | 52 |
| FY2022 | 14 | $1.6M | $56K | 0 | — | 14 | 35 |
| FY2021 | 20 | $2.2M | $56K | 0 | — | 20 | 73 |
| FY2020 | 9 | $796K | $86K | 0 | — | 9 | 65 |
| FY2019 | 6 | $1.5M | $164K | 0 | — | 6 | 39 |
| FY2018 | 9 | $3.4M | $79K | 0 | — | 9 | 26 |
| FY2017 | 13 | $6.3M | $180K | 0 | — | 13 | 104 |
| FY2016 | 17 | $5.5M | $107K | 0 | — | 17 | 243 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 54 approvals.
Against Mississippi and the country
| FY2021–FY2025 | Simpson County | Mississippi | United States |
|---|---|---|---|
| Approvals | 83 | 1,729 | 342,825 |
| Approvals per 1,000 establishments | 186.9 | 28.6 | 41.0 |
| Median 7(a) approval | $75K | $200K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $230K | $561K | $573K |
| 504 share of approvals | 0.0% | 2.3% | 11.0% |
| Jobs supported per approval, as reported | 3.5 | 10.2 | 10.5 |
| Share of state approvals | 4.8% | 100.0% | — |
Approval sizes
- $50,000 or less30.1%25
- $50,001 to $150,00039.8%33
- $150,001 to $350,00018.1%15
- $350,001 to $1 million8.4%7
- Over $2 million3.6%3
Age of the businesses
- Existing, more than 2 years old43.4%36
- New business, 2 years or less31.3%26
- Startup, loan funds will open the business19.3%16
- Change of ownership6.0%5
Questions and answers
Which lenders make the most SBA loans in Simpson County?
By approvals in FY2021 to FY2025: Peoples Bank (61), Trustmark Bank (10), First Financial Bank (3), Southern AgCredit, FLCA (1), Stone Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Simpson County?
The median 7(a) approval was $75K; the Mississippi 7(a) median was $200K.
Which industries get the most SBA loans in Simpson County?
General Freight Trucking (18); Other Specialty Trade Contractors (9); Poultry and Egg Production (8); Specialized Freight Trucking (5); Miscellaneous Durable Goods Merchant Wholesalers (4).
Is SBA lending in Simpson County rising?
Approvals in the three latest complete fiscal years total 49, against 43 in the three before: rising (+14%).
How does Simpson County compare with the rest of Mississippi?
186.9 approvals per 1,000 establishments against 28.6 statewide, and 83 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