Lenders › BankPlus
7(a) lenderBelzoni, MississippiFDIC-insured bank398th of 2,184 by approvals
BankPlus
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
BankPlus, based in Belzoni, Mississippi, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 74 of its 7(a) loans worth $69.0M in FY2021 to FY2025, which places it 398th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 3 approvals totalling $2.9M, down 73% on FY2024 (11). FY2026 to 30 Jun 2026 adds 13 more.
The median approval was $646K, against $190K for the 7(a) program as a whole; 17.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 38 counties, led by Mississippi (55.4%), Alabama (29.7%) and Tennessee (8.1%). The largest industry group was agriculture, forestry, fishing and hunting at 64.9% of approvals, and 1.4% of approvals were to franchise businesses.
Of 345 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (4.6%), 263 as paid in full and 66 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 13 | $9.8M | $790K | $753K | 265 |
| FY2025 | 3 | $2.9M | $640K | $975K | 9 |
| FY2024 | 11 | $5.9M | $250K | $539K | 127 |
| FY2023 | 26 | $21.3M | $572K | $821K | 207 |
| FY2022 | 14 | $20.8M | $1.2M | $1.5M | 122 |
| FY2021 | 20 | $18.0M | $775K | $902K | 185 |
| FY2020 | 17 | $12.6M | $507K | $739K | 362 |
| FY2019 | 37 | $6.7M | $106K | $181K | 273 |
| FY2018 | 39 | $12.4M | $94K | $317K | 406 |
| FY2017 | 52 | $24.1M | $137K | $464K | 373 |
| FY2016 | 44 | $16.1M | $127K | $365K | 362 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 189 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Mississippi | 7(a) program |
|---|---|---|---|
| Approvals in these years | 379 | 5,374 | 639,905 |
| Cancelled or never disbursed | 34 | 516 | 79,313 |
| Disbursed loans | 345 | 4,858 | 560,592 |
| Paid in full | 263 | 3,783 | 435,813 |
| Charged off | 16 | 353 | 36,891 |
| Still outstanding (status exempt from disclosure) | 66 | 722 | 87,888 |
| Charged off, share of disbursed loans | 4.6% | 7.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.7% | 3.2% | 2.5% |
| Dollars charged off | $3.5M | $55.7M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 17 | 4 | 0 | — | 2.8% |
| FY2020 | 17 | 10 | 0 | — | 4.0% |
| FY2019 | 34 | 19 | 1 | 2.9% | 6.7% |
| FY2018 | 35 | 23 | 0 | 0.0% | 7.9% |
| FY2017 | 50 | 40 | 1 | 2.0% | 7.7% |
| FY2016 | 40 | 37 | 1 | 2.5% | 7.2% |
| FY2015 | 50 | 43 | 2 | 4.0% | 6.9% |
| FY2014 | 36 | 31 | 3 | 8.3% | 6.4% |
| FY2013 | 12 | 11 | 0 | — | 6.0% |
| FY2012 | 8 | 7 | 1 | — | 6.3% |
| FY2011 | 24 | 18 | 5 | — | 6.9% |
| FY2010 | 22 | 20 | 2 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $646K | $190K |
| Average approval | $933K | $518K |
| Approvals of $150,000 or less | 17.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.4% | 34.3% |
| Approvals to franchise businesses | 1.4% | 11.5% |
| Jobs supported per approval, as reported | 8.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.6% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mississippi | 41 | $28.7M | 55.4% | |
| 2 | Alabama | 22 | $26.0M | 29.7% | |
| 3 | Tennessee | 6 | $11.9M | 8.1% | |
| 4 | Florida | 2 | — | 2.7% | |
| 5 | Louisiana | 1 | — | 1.4% | |
| 6 | South Carolina | 1 | — | 1.4% | |
| 7 | Michigan | 1 | — | 1.4% |
In Mississippi the lender accounts for 2.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (38 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cleburne County, AL | 6 | $10.6M | 8.1% | |
| 2 | Madison County, MS | 6 | $1.3M | 8.1% | |
| 3 | Rankin County, MS | 5 | $1.9M | 6.8% | |
| 4 | Hinds County, MS | 4 | $3.2M | 5.4% | |
| 5 | Covington County, MS | 3 | $3.9M | 4.1% | |
| 6 | Amite County, MS | 3 | $3.8M | 4.1% | |
| 7 | Marion County, MS | 3 | $3.0M | 4.1% | |
| 8 | Pike County, MS | 3 | $2.4M | 4.1% | |
| 9 | Walthall County, MS | 3 | $2.1M | 4.1% | |
| 10 | Butler County, AL | 2 | — | 2.7% | |
| 11 | Jones County, MS | 2 | — | 2.7% | |
| 12 | Covington County, AL | 2 | — | 2.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agriculture, Forestry, Fishing and Hunting | 48 | 64.9% | |
| 2 | Manufacturing | 5 | 6.8% | |
| 3 | Accommodation and Food Services | 5 | 6.8% | |
| 4 | Other Services (except Public Administration) | 4 | 5.4% | |
| 5 | Construction | 3 | 4.1% | |
| 6 | Health Care and Social Assistance | 3 | 4.1% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 4.1% | |
| 8 | Transportation and Warehousing | 2 | 2.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Poultry and Egg ProductionNAICS 1123 | 47 | 63.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.4% | |
| 3 | Other Electrical Equipment and Component ManufacturingNAICS 3359 | 3 | 4.1% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.1% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 2.7% | |
| 6 | Nonresidential Building ConstructionNAICS 2362 | 2 | 2.7% | |
| 7 | Offices of DentistsNAICS 6212 | 2 | 2.7% | |
| 8 | Specialized Freight TruckingNAICS 4842 | 2 | 2.7% | |
| 9 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 1 | 1.4% | |
| 10 | Animal Slaughtering and ProcessingNAICS 3116 | 1 | 1.4% |
Approval sizes
- $50,000 or less2.7%2
- $50,001 to $150,00014.9%11
- $150,001 to $350,00014.9%11
- $350,001 to $1 million27.0%20
- $1 million to $2 million28.4%21
- Over $2 million12.2%9
Loan terms
- 5 years or less6.8%5
- Over 5 to 10 years16.2%12
- Over 10 to 20 years73.0%54
- Over 20 years4.1%3
Age of the businesses
- Existing, more than 2 years old35.1%26
- New business, 2 years or less14.9%11
- Startup, loan funds will open the business13.5%10
- Change of ownership36.5%27
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 46 | 62.2% | |
| 2 | 7a General | 21 | 28.4% | |
| 3 | SBA Express Program | 5 | 6.8% | |
| 4 | Working Capital CAPLine | 1 | 1.4% | |
| 5 | International Trade Loans | 1 | 1.4% |
Franchise share
1 of 74 approvals in FY2021–FY2025 (1.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Mosquito Marshals | 1 | 1.4% |
Questions and answers
How many SBA loans does BankPlus make?
SBA approved 3 7(a) loans through BankPlus in FY2025, worth $2.9M, and 74 over FY2021 to FY2025. That ranks 398th of 2,184 active 7(a) lenders by number of approvals.
How large are BankPlus's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $646K and the average $933K. The program-wide median was $190K.
What is BankPlus's charge-off rate?
Of 345 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (4.6%), 263 as paid in full and 66 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does BankPlus lend to most?
By number of approvals in FY2021 to FY2025: poultry and egg production (47); restaurants and other eating places (4); other electrical equipment and component manufacturing (3); services to buildings and dwellings (3).
Where does BankPlus make SBA loans?
In 7 states and territories. Mississippi 41, Alabama 22, Tennessee 6, Florida 2, Louisiana 1. In Mississippi it accounts for 2.4% of all 7(a) approvals.
Is BankPlus's SBA lending rising?
Approvals in the three latest complete fiscal years total 40, against 51 in the three before: falling (-22%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error