SBA Ledger

States › Mississippi

State0.5% of US approvals129 lenders active

SBA loans in Mississippi

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 1,729 small business loans in Mississippi in FY2021 to FY2025: 1,689 under the 7(a) program and 40 under 504, worth $969M together.

That is 28.6 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.5% of all approvals in the country (39th of 54 states and territories).

In FY2025 there were 355 approvals totalling $207M, about level with FY2024. The median 7(a) approval over the five years was $200K and the median 504 approval $1.1M.

129 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Peoples Bank (302), Community Bank of Mississippi (170) and BankFirst Financial Services (148).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 7.3% as charged off, against 6.6% nationally.

355approvals, FY20251,729 in FY2021–FY2025
$207Mapproved, FY2025$969M in FY2021–FY2025
28.6approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$200Kmedian 7(a) approvalUS: $190K
7.3%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Mississippi

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in MS, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Peoples BankMendenhall, MS302$103M17.9%$322K8.3%
2Community Bank of MississippiFlowood, MS170$67.3M10.1%$225K6.5%
3BankFirst Financial ServicesColumbus, MS148$66.6M8.8%$185K6.8%
4Trustmark BankJackson, MS138$33.9M8.2%$161K6.7%
5The Huntington National BankColumbus, OH66$44.0M3.9%$92K5.7%
6Northeast BankLewiston, ME66$6.7M3.9%$106K12.8%
7Newtek Bank, National AssociationMiami, FL58$18.3M3.4%$225K—
8Covington County BankCollins, MS54$6.8M3.2%$69K0.0%
9Live Oak Banking CompanyWilmington, NC46$62.3M2.7%$850K2.2%
10First Financial BankEl Dorado, AR44$30.8M2.6%$925K4.3%
11BankPlusBelzoni, MS41$28.7M2.4%$646K4.6%
12Wells Fargo Bank National AssociationSioux Falls, SD41$6.1M2.4%$15K7.9%
13Readycap Lending, LLCBerkeley Heights, NJ39$10.8M2.3%$138K4.3%
14Renasant BankTupelo, MS32$41.1M1.9%$644K8.3%
15BayFirst National BankSaint Petersburg, FL32$5.8M1.9%$150K19.2%
16Hancock Whitney BankGulfport, MS31$18.5M1.8%$385K2.9%
17United Midwest Savings Bank National AssociationDe Graff, OH25$9.2M1.5%$150K15.9%
18Southern Bancorp BankArkadelphia, AR23$30.3M1.4%$327K2.9%
19The Citizens National Bank of MeridianMeridian, MS22$5.3M1.3%$149K—
20First Bank of the LakeOsage Beach, MO16$15.8M0.9%$350K2.7%
21Newtek Small Business Finance, Inc.Lake Success, NY15$5.9M0.9%$300K6.8%
22Celtic Bank CorporationSalt Lake City, UT14$20.5M0.8%$150K17.0%
23Byline BankChicago, IL14$16.4M0.8%$806K9.5%
24First State BankWaynesboro, MS14$7.7M0.8%$239K—
25Merchants & Marine BankPascagoula, MS14$4.5M0.8%$253K—
26GBankLas Vegas, NV12$28.0M0.7%$2.2M1.7%
27Regions BankBirmingham, AL11$6.5M0.7%$527K4.7%
28Lendistry SBLC, LLCLos Angeles, CA10$2.1M0.6%$150K22.7%
29Southern AgCredit, FLCAHattiesburg, MS9$22.5M0.5%$2.1M—
30PriorityOne BankMagee, MS9$1.1M0.5%$84K—
31Pinnacle BankNashville, TN8$12.0M0.5%$745K6.0%
32Bank Five NineOconomowoc, WI7$7.4M0.4%$450K4.5%
33American BankCovington, LA6$9.4M0.4%$327K—
34Planters Bank and Trust CompanyIndianola, MS6$2.3M0.4%$50K—
35RiverHills BankVicksburg, MS6$2.2M0.4%$195K—
36Guaranty Bank and Trust CompanyBelzoni, MS5$3.4M0.3%$631K3.2%
37Beacon Bank and TrustBrookline, MA5$3.0M0.3%$630K4.6%
38The Commercial BankDe Kalb, MS5$1.9M0.3%$228K—
39Customers BankMalvern, PA4$5.7M0.2%$500K6.8%
40Stone BankMountain View, AR4$5.3M0.2%$150K10.3%

504 certified development companies

#LenderApprovals in MS, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Three Rivers Local Development Company, Inc.Pontotoc, MS · 504 CDC21$38.7M52.5%$1.2M—
2Central Mississippi Development Company, Inc.Jackson, MS · 504 CDC9$11.3M22.5%$458K—
3Southern Development CouncilMountain Brook, AL · 504 CDC3$2.3M7.5%$665K3.7%
4Georgia Certified Development CorporationAtlanta, GA · 504 CDC2—5.0%$1.0M0.0%
5Brightbridge, Inc.Chattanooga, TN · 504 CDC1—2.5%$856K0.4%
6Florida Business Development CorporationTampa, FL · 504 CDC1—2.5%$597K1.2%
7JEDCO Development CorporationAvondale, LA · 504 CDC1—2.5%$918K—
8South Central Tennessee Business Development CorporationMt. Pleasant, TN · 504 CDC1—2.5%$959K5.3%
9Six Bridges Capital CorporationLittle Rock, AR · 504 CDC1—2.5%$604K4.1%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*222$180M$350K4$9.1M2262,152
FY2025347$192M$200K8$14.4M3553,562
FY2024358$166M$150K10$19.0M3683,519
FY2023329$209M$211K7$13.9M3363,276
FY2022289$132M$153K4$5.1M2932,947
FY2021366$211M$250K11$6.6M3774,308
FY2020287$153M$176K7$6.1M2943,493
FY2019328$135M$150K6$6.5M3342,674
FY2018375$147M$122K5$9.9M3803,394
FY2017402$159M$103K4$6.3M4063,461
FY2016463$143M$101K3$2.9M4663,918

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Mississippi by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Hinds County130$73.6M4,87826.7
2Rankin County129$50.8M4,08331.6
3Madison County128$43.0M3,48936.7
4Harrison County104$81.4M4,36823.8
5Covington County101$27.2M328307.9
6DeSoto County99$105M3,34929.6
7Simpson County83$19.1M444186.9
8Jackson County72$46.2M2,35830.5
9Smith County60$16.8M159377.4
10Forrest County54$18.5M1,74131.0
11Jones County52$37.8M1,30639.8
12Lowndes County45$27.2M1,44031.3
13Lafayette County36$15.1M1,43525.1
14Lauderdale County32$26.5M1,75418.2
15Scott County30$30.1M45865.5
16Lincoln County29$16.4M81035.8
17Lamar County29$12.8M1,50519.3
18Lee County29$13.8M2,55011.4
19Copiah County26$11.1M44059.1
20Oktibbeha County23$7.0M97823.5
21Neshoba County23$21.7M49546.5
22Jasper County23$8.2M207111.1
23Noxubee County22$14.5M177124.3
24Washington County22$11.9M1,01121.8
25Leake County21$18.9M32065.6
26Pike County21$15.1M87923.9
27Hancock County18$11.1M85021.2
28Wayne County16$5.7M35045.7
29Greene County15$14.8M128117.2
30Marion County13$7.0M56023.2
31Walthall County11$5.5M20553.7
32Tate County11$4.9M38928.3
33Warren County10$7.5M94210.6
34Lawrence County10$9.2M18254.9
35Newton County10$7.6M31531.7
36Winston County10$7.2M36727.2
37Monroe County10$10.7M60016.7
38Pearl River County10$2.2M89411.2
39Amite County10$13.7M19750.8
40Panola County9$12.0M57915.5
41Jefferson Davis County9$2.4M12373.2
42Bolivar County8$4.1M70911.3
43Chickasaw County8$693K31825.2
44Clarke County7$4.7M22431.3
45Adams County7$1.4M7139.8
46Perry County6$4.6M13245.5
47Holmes County6$1.8M20828.8
48Union County6$1.8M53611.2
49Yazoo County6$7.4M35916.7
50George County6$2.1M34917.2
51Marshall County5$6.3M47510.5
52Sunflower County5$776K40612.3
53Stone County5$1.8M30616.3
54Tunica County5$4.9M18427.2
55Clay County5$5.0M34014.7
56Leflore County4$189K6536.1
57Coahoma County4$3.2M5057.9
58Pontotoc County4$2.7M5407.4
59Prentiss County4$1.9M4828.3
60Attala County4$1.4M34511.6
61Tishomingo County4$1.1M39810.1
62Alcorn County4$1.4M7665.2
63Tippah County4$5.7M38210.5
64Grenada County3$1.7M5325.6
65Itawamba County2—4005.0
66Kemper County2—10119.8
67Yalobusha County2—16911.8
68Humphreys County1—1327.6
69Quitman County1—9111.0
70Tallahatchie County1—1526.6
71Calhoun County1—2244.5
72Webster County1—1676.0
73Choctaw County1—1307.7
74Benton County1—6415.6
75Wilkinson County1—1208.3

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Poultry and Egg ProductionNAICS 1123199$210M11.5%
2Restaurants and Other Eating PlacesNAICS 7225145$65.2M8.4%
3General Freight TruckingNAICS 4841133$24.2M7.7%
4Traveler AccommodationNAICS 721172$163M4.2%
5Services to Buildings and DwellingsNAICS 561757$13.3M3.3%
6Offices of Other Health PractitionersNAICS 621350$14.3M2.9%
7Other Amusement and Recreation IndustriesNAICS 713947$21.7M2.7%
8Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 524244$15.4M2.5%
9Automotive Repair and MaintenanceNAICS 811142$15.1M2.4%
10Personal Care ServicesNAICS 812142$7.5M2.4%
11Other Specialty Trade ContractorsNAICS 238941$7.7M2.4%
12Cattle Ranching and FarmingNAICS 112132$7.8M1.9%
13LoggingNAICS 113329$4.5M1.7%
14Building Equipment ContractorsNAICS 238222$7.2M1.3%
15Child Day Care ServicesNAICS 624421$8.1M1.2%

Sectors

#NAICS sectorApprovalsShare
1Agriculture, Forestry, Fishing and Hunting29016.8%
2Accommodation and Food Services23413.5%
3Retail Trade20511.9%
4Transportation and Warehousing18310.6%
5Health Care and Social Assistance1367.9%
6Other Services (except Public Administration)1267.3%
7Construction1196.9%
8Administrative and Support and Waste Management and Remediation Services915.3%
9Professional, Scientific, and Technical Services774.5%
10Manufacturing633.6%

Franchise brands

#BrandApprovalsShare
1Days Inn60.3%
2Zaxby's60.3%
3Econo Lodge50.3%
4Subway50.3%
5Crumbl50.3%
6Super 8 by Wyndhan40.2%
7Quality Inn40.2%
8Fleet Feet Sports40.2%
9Red Roof Inn30.2%
10Servpro30.2%

How earlier loans turned out

Mississippi, 7(a)7.3%
United States, 7(a)6.6%
Mississippi, 5046.3%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021MS 7(a)US 7(a)MS 504US 504
Approvals in these years5,374639,90510085,591
Cancelled or never disbursed51679,3133612,514
Disbursed loans4,858560,5926473,077
Paid in full3,783435,8133535,491
Charged off35336,8914905
Still outstanding (status exempt from disclosure)72287,8882536,681
Charged off, share of disbursed loans7.3%6.6%6.3%1.2%
Dollars charged off, share of disbursed dollars3.2%2.5%4.0%0.9%
Dollars charged off$55.7M$5.70bn$3.2M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025MississippiUnited States
Approvals per 1,000 establishments28.641.0
Median 7(a) approval$200K$190K
Median 504 approval$1.1M$657K
504 share of approvals2.3%11.0%
Jobs supported per approval, as reported10.210.5
Approvals, change on FY2016–FY2020-8%10%

Questions and answers

Which lenders make the most SBA loans in Mississippi?

By 7(a) approvals in FY2021 to FY2025: Peoples Bank (302), Community Bank of Mississippi (170), BankFirst Financial Services (148), Trustmark Bank (138), The Huntington National Bank (66). For 504 loans: Three Rivers Local Development Company, Inc. (21), Central Mississippi Development Company, Inc. (9), Southern Development Council (3). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Mississippi?

The median 7(a) approval was $200K and the median 504 approval $1.1M; the average across both programs was $561K.

Which industries get the most SBA loans in Mississippi?

Poultry and Egg Production (199); Restaurants and Other Eating Places (145); General Freight Trucking (133); Traveler Accommodation (72); Services to Buildings and Dwellings (57).

Which Mississippi counties receive the most SBA loans?

Hinds County (130), Rankin County (129), Madison County (128), Harrison County (104), Covington County (101), by approvals in FY2021 to FY2025.

Is SBA lending in Mississippi rising?

Approvals in the three latest complete fiscal years total 1,059, against 964 in the three before: rising (+10%).

What share of SBA loans in Mississippi are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 7.3% are recorded as charged off (national: 6.6%); for 504 loans the figure is 6.3% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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