Lenders › Renasant Bank
7(a) lenderTupelo, MississippiFDIC-insured bank104th of 2,184 by approvals
Renasant 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.
Renasant Bank (Tupelo, Mississippi) is an FDIC-insured bank in the SBA 7(a) program, 104th of 2,184 by approvals in FY2021 to FY2025: 362 loans worth $378M.
In FY2025, the latest complete fiscal year, it had 61 approvals totalling $66.6M, up 20% on FY2024 (51). FY2026 to 30 Jun 2026 adds 35 more.
The median approval was $644K, against $190K for the 7(a) program as a whole; 5.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 17 states and territories and 141 counties, led by Georgia (47.5%), Florida (19.6%) and Mississippi (8.8%). The largest industry group was accommodation and food services at 21.5% of approvals, and 20.7% of approvals were to franchise businesses.
Of 895 disbursed loans approved in FY2010 to FY2021, SBA records 74 as charged off (8.3%), 649 as paid in full and 172 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* | 35 | $56.4M | $1.2M | $1.6M | 860 |
| FY2025 | 61 | $66.6M | $740K | $1.1M | 715 |
| FY2024 | 51 | $54.0M | $800K | $1.1M | 772 |
| FY2023 | 64 | $58.3M | $644K | $912K | 919 |
| FY2022 | 75 | $73.0M | $556K | $973K | 1,016 |
| FY2021 | 111 | $126M | $701K | $1.1M | 2,105 |
| FY2020 | 69 | $54.8M | $465K | $794K | 985 |
| FY2019 | 45 | $33.2M | $500K | $737K | 598 |
| FY2018 | 53 | $43.5M | $510K | $821K | 822 |
| FY2017 | 107 | $87.8M | $393K | $820K | 1,735 |
| FY2016 | 111 | $74.2M | $401K | $669K | 2,286 |
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 385 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 | Georgia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,020 | 17,911 | 639,905 |
| Cancelled or never disbursed | 125 | 2,110 | 79,313 |
| Disbursed loans | 895 | 15,801 | 560,592 |
| Paid in full | 649 | 11,453 | 435,813 |
| Charged off | 74 | 1,077 | 36,891 |
| Still outstanding (status exempt from disclosure) | 172 | 3,271 | 87,888 |
| Charged off, share of disbursed loans | 8.3% | 6.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 3.4% | 2.0% | 2.5% |
| Dollars charged off | $20.6M | $230M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 96 | 47 | 2 | 2.1% | 2.8% |
| FY2020 | 65 | 44 | 2 | 3.1% | 4.0% |
| FY2019 | 42 | 17 | 1 | 2.4% | 6.7% |
| FY2018 | 50 | 32 | 1 | 2.0% | 7.9% |
| FY2017 | 95 | 64 | 10 | 10.5% | 7.7% |
| FY2016 | 104 | 70 | 6 | 5.8% | 7.2% |
| FY2015 | 99 | 86 | 7 | 7.1% | 6.9% |
| FY2014 | 73 | 58 | 11 | 15.1% | 6.4% |
| FY2013 | 95 | 85 | 8 | 8.4% | 6.0% |
| FY2012 | 76 | 67 | 7 | 9.2% | 6.3% |
| FY2011 | 62 | 51 | 10 | 16.1% | 6.9% |
| FY2010 | 38 | 28 | 9 | 23.7% | 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 | $644K | $190K |
| Average approval | $1.0M | $518K |
| Approvals of $150,000 or less | 5.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 45.6% | 34.3% |
| Approvals to franchise businesses | 20.7% | 11.5% |
| Jobs supported per approval, as reported | 15.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 8.3% | 6.6% |
States served
| # | State of the business (17 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Georgia | 172 | $181M | 47.5% | |
| 2 | Florida | 71 | $58.7M | 19.6% | |
| 3 | Mississippi | 32 | $41.1M | 8.8% | |
| 4 | Alabama | 30 | $22.9M | 8.3% | |
| 5 | Tennessee | 29 | $38.1M | 8.0% | |
| 6 | Louisiana | 8 | $6.5M | 2.2% | |
| 7 | South Carolina | 6 | $9.7M | 1.7% | |
| 8 | Kentucky | 3 | $3.4M | 0.8% | |
| 9 | Texas | 2 | — | 0.6% | |
| 10 | Illinois | 2 | — | 0.6% | |
| 11 | North Carolina | 1 | — | 0.3% | |
| 12 | Oklahoma | 1 | — | 0.3% |
In Georgia the lender accounts for 1.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (141 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Gwinnett County, GA | 22 | $16.9M | 6.1% | |
| 2 | Fulton County, GA | 19 | $20.1M | 5.2% | |
| 3 | Henry County, GA | 18 | $17.4M | 5.0% | |
| 4 | Cobb County, GA | 11 | $9.2M | 3.0% | |
| 5 | Jefferson County, AL | 11 | $6.1M | 3.0% | |
| 6 | Williamson County, TN | 10 | $18.8M | 2.8% | |
| 7 | Fayette County, GA | 10 | $11.0M | 2.8% | |
| 8 | Hillsborough County, FL | 10 | $10.0M | 2.8% | |
| 9 | Alachua County, FL | 10 | $7.2M | 2.8% | |
| 10 | Escambia County, FL | 10 | $6.4M | 2.8% | |
| 11 | DeSoto County, MS | 9 | $17.8M | 2.5% | |
| 12 | Clayton County, GA | 8 | $11.8M | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 78 | 21.5% | |
| 2 | Retail Trade | 57 | 15.7% | |
| 3 | Other Services (except Public Administration) | 40 | 11.0% | |
| 4 | Health Care and Social Assistance | 32 | 8.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 28 | 7.7% | |
| 6 | Professional, Scientific, and Technical Services | 20 | 5.5% | |
| 7 | Construction | 18 | 5.0% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 17 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 62 | 17.1% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 21 | 5.8% | |
| 3 | Poultry and Egg ProductionNAICS 1123 | 15 | 4.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 14 | 3.9% | |
| 5 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 13 | 3.6% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 12 | 3.3% | |
| 7 | Gasoline StationsNAICS 4471 | 11 | 3.0% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 3.0% | |
| 9 | Beer, Wine, and Liquor StoresNAICS 4453 | 10 | 2.8% | |
| 10 | Traveler AccommodationNAICS 7211 | 8 | 2.2% |
Approval sizes
- $50,000 or less0.3%1
- $50,001 to $150,0004.7%17
- $150,001 to $350,00023.2%84
- $350,001 to $1 million37.0%134
- $1 million to $2 million21.8%79
- Over $2 million13.0%47
Loan terms
- Over 5 to 10 years41.4%150
- Over 10 to 20 years16.9%61
- Over 20 years41.7%151
Age of the businesses
- Existing, more than 2 years old31.8%115
- New business, 2 years or less16.3%59
- Startup, loan funds will open the business29.3%106
- Change of ownership22.7%82
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 198 | 54.7% | |
| 2 | 7a General | 149 | 41.2% | |
| 3 | SBA Express Program | 11 | 3.0% | |
| 4 | International Trade Loans | 4 | 1.1% |
Franchise share
75 of 362 approvals in FY2021–FY2025 (20.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Raining Berries | 5 | 1.4% | |
| 2 | The UPS Store | 5 | 1.4% | |
| 3 | Christian Brothers Automotive | 3 | 0.8% | |
| 4 | World Fuel Services, Inc Wholesale Supply Agreement | 3 | 0.8% | |
| 5 | Ascend Collection | 2 | 0.6% | |
| 6 | Next Level Petroleum | 2 | 0.6% | |
| 7 | DQ Grill & Chill Operating Agreement | 2 | 0.6% | |
| 8 | Guthrie's | 2 | 0.6% |
Questions and answers
How many SBA loans does Renasant Bank make?
SBA approved 61 7(a) loans through Renasant Bank in FY2025, worth $66.6M, and 362 over FY2021 to FY2025. That ranks 104th of 2,184 active 7(a) lenders by number of approvals.
How large are Renasant Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $644K and the average $1.0M. The program-wide median was $190K.
What is Renasant Bank's charge-off rate?
Of 895 disbursed loans approved in FY2010 to FY2021, SBA records 74 as charged off (8.3%), 649 as paid in full and 172 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 Renasant Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (62); automotive repair and maintenance (21); poultry and egg production (15); offices of other health practitioners (14).
Where does Renasant Bank make SBA loans?
In 17 states and territories. Georgia 172, Florida 71, Mississippi 32, Alabama 30, Tennessee 29. In Georgia it accounts for 1.9% of all 7(a) approvals.
Is Renasant Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 176, against 255 in the three before: falling (-31%).
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