Lenders › Peoples Bank
7(a) lenderMendenhall, MississippiFDIC-insured bank74th of 2,184 by approvals
Peoples Bank
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.
Peoples Bank (Mendenhall, Mississippi) is an FDIC-insured bank in the SBA 7(a) program, 74th of 2,184 by approvals in FY2021 to FY2025: 537 loans worth $609M.
In FY2025, the latest complete fiscal year, it had 79 approvals totalling $82.2M, down 23% on FY2024 (103). FY2026 to 30 Jun 2026 adds 51 more.
The median approval was $322K, against $190K for the 7(a) program as a whole; 37.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 26 states and territories and 204 counties, led by Mississippi (56.2%), Texas (9.1%) and Louisiana (4.5%). The largest industry group was accommodation and food services at 35.6% of approvals, and 29.2% of approvals were to franchise businesses.
Of 579 disbursed loans approved in FY2010 to FY2021, SBA records 48 as charged off (8.3%), 430 as paid in full and 101 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 51 | $83.3M | $865K | $1.6M | 548 |
| FY2025 | 79 | $82.2M | $400K | $1.0M | 939 |
| FY2024 | 103 | $72.9M | $228K | $708K | 768 |
| FY2023 | 99 | $106M | $290K | $1.1M | 965 |
| FY2022 | 98 | $123M | $235K | $1.3M | 964 |
| FY2021 | 158 | $226M | $432K | $1.4M | 1,891 |
| FY2020 | 75 | $74.0M | $247K | $986K | 728 |
| FY2019 | 34 | $14.1M | $188K | $415K | 232 |
| FY2018 | 17 | $7.7M | $136K | $453K | 83 |
| FY2017 | 22 | $8.1M | $193K | $368K | 263 |
| FY2016 | 37 | $13.0M | $51K | $350K | 352 |
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 185 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 | 613 | 5,374 | 639,905 |
| Cancelled or never disbursed | 34 | 516 | 79,313 |
| Disbursed loans | 579 | 4,858 | 560,592 |
| Paid in full | 430 | 3,783 | 435,813 |
| Charged off | 48 | 353 | 36,891 |
| Still outstanding (status exempt from disclosure) | 101 | 722 | 87,888 |
| Charged off, share of disbursed loans | 8.3% | 7.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.7% | 3.2% | 2.5% |
| Dollars charged off | $2.7M | $55.7M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 148 | 91 | 1 | 0.7% | 2.8% |
| FY2020 | 75 | 50 | 0 | 0.0% | 4.0% |
| FY2019 | 33 | 27 | 0 | 0.0% | 6.7% |
| FY2018 | 17 | 11 | 1 | — | 7.9% |
| FY2017 | 19 | 14 | 1 | — | 7.7% |
| FY2016 | 34 | 30 | 3 | 8.8% | 7.2% |
| FY2015 | 24 | 20 | 2 | — | 6.9% |
| FY2014 | 21 | 19 | 2 | — | 6.4% |
| FY2013 | 23 | 18 | 5 | — | 6.0% |
| FY2012 | 29 | 26 | 2 | — | 6.3% |
| FY2011 | 81 | 66 | 14 | 17.3% | 6.9% |
| FY2010 | 75 | 58 | 17 | 22.7% | 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 | $322K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 37.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 52.0% | 34.3% |
| Approvals to franchise businesses | 29.2% | 11.5% |
| Jobs supported per approval, as reported | 10.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 8.3% | 6.6% |
States served
| # | State of the business (26 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mississippi | 302 | $103M | 56.2% | |
| 2 | Texas | 49 | $105M | 9.1% | |
| 3 | Louisiana | 24 | $51.9M | 4.5% | |
| 4 | North Carolina | 22 | $67.8M | 4.1% | |
| 5 | Florida | 20 | $39.8M | 3.7% | |
| 6 | Indiana | 16 | $9.9M | 3.0% | |
| 7 | Alabama | 14 | $24.8M | 2.6% | |
| 8 | South Carolina | 13 | $43.4M | 2.4% | |
| 9 | Tennessee | 10 | $19.6M | 1.9% | |
| 10 | Kentucky | 9 | $25.1M | 1.7% | |
| 11 | Virginia | 8 | $25.3M | 1.5% | |
| 12 | Missouri | 7 | $9.8M | 1.3% |
In Mississippi the lender accounts for 17.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (204 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Simpson County, MS | 61 | $7.9M | 11.4% | |
| 2 | Covington County, MS | 56 | $8.8M | 10.4% | |
| 3 | Smith County, MS | 34 | $3.1M | 6.3% | |
| 4 | Rankin County, MS | 25 | $8.9M | 4.7% | |
| 5 | Hinds County, MS | 23 | $8.3M | 4.3% | |
| 6 | Jasper County, MS | 11 | $1.2M | 2.0% | |
| 7 | Forrest County, MS | 10 | $4.8M | 1.9% | |
| 8 | Harrison County, MS | 9 | $10.6M | 1.7% | |
| 9 | Jones County, MS | 7 | $2.0M | 1.3% | |
| 10 | Copiah County, MS | 6 | $1.4M | 1.1% | |
| 11 | Madison County, MS | 6 | $919K | 1.1% | |
| 12 | Lafayette Parish, LA | 5 | $12.1M | 0.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 191 | 35.6% | |
| 2 | Transportation and Warehousing | 94 | 17.5% | |
| 3 | Retail Trade | 54 | 10.1% | |
| 4 | Agriculture, Forestry, Fishing and Hunting | 47 | 8.8% | |
| 5 | Construction | 34 | 6.3% | |
| 6 | Other Services (except Public Administration) | 23 | 4.3% | |
| 7 | Arts, Entertainment, and Recreation | 23 | 4.3% | |
| 8 | Wholesale Trade | 16 | 3.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 170 | 31.7% | |
| 2 | General Freight TruckingNAICS 4841 | 77 | 14.3% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 23 | 4.3% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 21 | 3.9% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 3.4% | |
| 6 | LoggingNAICS 1133 | 18 | 3.4% | |
| 7 | Cattle Ranching and FarmingNAICS 1121 | 17 | 3.2% | |
| 8 | Specialized Freight TruckingNAICS 4842 | 10 | 1.9% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 1.7% | |
| 10 | Gasoline StationsNAICS 4571 | 8 | 1.5% |
Approval sizes
- $50,000 or less14.5%78
- $50,001 to $150,00023.1%124
- $150,001 to $350,00015.5%83
- $350,001 to $1 million12.8%69
- $1 million to $2 million11.9%64
- Over $2 million22.2%119
Loan terms
- 5 years or less23.6%127
- Over 5 to 10 years31.1%167
- Over 10 to 20 years5.2%28
- Over 20 years40.0%215
Age of the businesses
- Existing, more than 2 years old46.0%247
- New business, 2 years or less28.7%154
- Startup, loan funds will open the business23.3%125
- Change of ownership2.0%11
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 466 | 86.8% | |
| 2 | SBA Express Program | 60 | 11.2% | |
| 3 | 7a General | 11 | 2.0% |
Franchise share
157 of 537 approvals in FY2021–FY2025 (29.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Quality Inn | 14 | 2.6% | |
| 2 | Red Roof Inn | 12 | 2.2% | |
| 3 | Econo Lodge | 12 | 2.2% | |
| 4 | La Quinta by Wyndham | 9 | 1.7% | |
| 5 | Anytime Fitness | 9 | 1.7% | |
| 6 | Days Inn | 8 | 1.5% | |
| 7 | Super 8 by Wyndhan | 7 | 1.3% | |
| 8 | Best Western | 6 | 1.1% |
Questions and answers
How many SBA loans does Peoples Bank make?
SBA approved 79 7(a) loans through Peoples Bank in FY2025, worth $82.2M, and 537 over FY2021 to FY2025. That ranks 74th of 2,184 active 7(a) lenders by number of approvals.
How large are Peoples Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $322K and the average $1.1M. The program-wide median was $190K.
What is Peoples Bank's charge-off rate?
Of 579 disbursed loans approved in FY2010 to FY2021, SBA records 48 as charged off (8.3%), 430 as paid in full and 101 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 Peoples Bank lend to most?
By number of approvals in FY2021 to FY2025: traveler accommodation (170); general freight trucking (77); other amusement and recreation industries (23); other specialty trade contractors (21).
Where does Peoples Bank make SBA loans?
In 26 states and territories. Mississippi 302, Texas 49, Louisiana 24, North Carolina 22, Florida 20. In Mississippi it accounts for 17.9% of all 7(a) approvals.
Is Peoples Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 281, against 331 in the three before: falling (-15%).
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