States › Mississippi › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Mississippi, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 466 loans in Mississippi: 463 under 7(a) and 3 under 504, worth $146M.
That is about level with FY2015, when there were 446 approvals worth $167M.
Mississippi accounted for 0.7% of the 70,012 approvals nationwide that year. 54 lenders had at least one approval in the state; Community Bank of Mississippi had the most, 78.
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.
Approvals by lender
The 40 lenders with the most approvals to Mississippi businesses in FY2016, of 54 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | 7(a) | 78 | $24.7M | 16.7% | 68 | +10 |
| 2 | Covington County Bank | 7(a) | 57 | $3.2M | 12.2% | 45 | +12 |
| 3 | Trustmark Bank | 7(a) | 56 | $5.7M | 12.0% | 61 | -5 |
| 4 | First Financial Bank | 7(a) | 55 | $10.5M | 11.8% | 79 | -24 |
| 5 | Peoples Bank | 7(a) | 37 | $13.0M | 7.9% | 26 | +11 |
| 6 | BankPlus | 7(a) | 35 | $12.6M | 7.5% | 25 | +10 |
| 7 | Wells Fargo Bank National Association | 7(a) | 20 | $4.2M | 4.3% | 11 | +9 |
| 8 | The Huntington National Bank | 7(a) | 20 | $3.5M | 4.3% | 26 | -6 |
| 9 | Renasant Bank | 7(a) | 13 | $9.7M | 2.8% | 16 | -3 |
| 10 | Live Oak Banking Company | 7(a) | 10 | $12.3M | 2.1% | 2 | +8 |
| 11 | The Citizens Bank of Philadelphia | 7(a) | 10 | $883K | 2.1% | 5 | +5 |
| 12 | Simmons Bank | 7(a) | 9 | $4.0M | 1.9% | 6 | +3 |
| 13 | Regions Bank | 7(a) | 7 | $3.7M | 1.5% | 6 | +1 |
| 14 | PriorityOne Bank | 7(a) | 7 | $3.6M | 1.5% | 4 | +3 |
| 15 | BankUnited, National Association | 7(a) | 3 | $3.0M | 0.6% | 0 | new |
| 16 | RiverHills Bank | 7(a) | 3 | $577K | 0.6% | 0 | new |
| 17 | Celtic Bank Corporation | 7(a) | 3 | $360K | 0.6% | 11 | -8 |
| 18 | First Bank of the Lake | 7(a) | 2 | — | 0.4% | 0 | new |
| 19 | Citizens Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 20 | Central Mississippi Development Company, Inc. | 504 | 2 | — | 0.4% | 3 | -1 |
| 21 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 22 | Guaranty Bank and Trust Company | 7(a) | 2 | — | 0.4% | 3 | -1 |
| 23 | BayFirst National Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 24 | Happen Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 25 | Georgia Banking Company | 7(a) | 1 | — | 0.2% | 0 | new |
| 26 | Six Bridges Capital Corporation | 504 | 1 | — | 0.2% | 1 | 0 |
| 27 | Bank Five Nine | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 28 | BizCapital BIDCO I, LLC | 7(a) | 1 | — | 0.2% | 2 | -1 |
| 29 | The MINT National Bank | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 30 | Columbia Bank | 7(a) | 1 | — | 0.2% | 2 | -1 |
| 31 | Mission Valley Bank | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 32 | First National Bank of Pennsylvania | 7(a) | 1 | — | 0.2% | 5 | -4 |
| 33 | Hancock Whitney Bank | 7(a) | 1 | — | 0.2% | 4 | -3 |
| 34 | Fidelity Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 35 | Gulf Coast Bank and Trust Company | 7(a) | 1 | — | 0.2% | 0 | new |
| 36 | Byline Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 37 | The Citizens National Bank of Meridian | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 38 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.2% | 0 | new |
| 39 | Pinnacle Bank | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 40 | Customers Bank | 7(a) | 1 | — | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Covington County | 72 | $10.7M | 15.5% | 42 | +30 |
| 2 | Rankin County | 27 | $13.0M | 5.8% | 42 | -15 |
| 3 | Madison County | 26 | $4.4M | 5.6% | 30 | -4 |
| 4 | Hinds County | 24 | $8.1M | 5.2% | 17 | +7 |
| 5 | DeSoto County | 23 | $7.8M | 4.9% | 11 | +12 |
| 6 | Jackson County | 21 | $4.0M | 4.5% | 11 | +10 |
| 7 | Leake County | 20 | $10.2M | 4.3% | 31 | -11 |
| 8 | Harrison County | 19 | $8.7M | 4.1% | 29 | -10 |
| 9 | Simpson County | 17 | $5.5M | 3.6% | 21 | -4 |
| 10 | Jones County | 17 | $9.6M | 3.6% | 19 | -2 |
| 11 | Scott County | 14 | $5.9M | 3.0% | 7 | +7 |
| 12 | Forrest County | 13 | $3.5M | 2.8% | 6 | +7 |
| 13 | Lamar County | 11 | $1.2M | 2.4% | 4 | +7 |
| 14 | Warren County | 11 | $2.9M | 2.4% | 6 | +5 |
| 15 | Smith County | 10 | $1.0M | 2.1% | 10 | 0 |
| 16 | Neshoba County | 10 | $2.0M | 2.1% | 16 | -6 |
| 17 | Jefferson Davis County | 10 | $627K | 2.1% | 5 | +5 |
| 18 | Lincoln County | 9 | $1.3M | 1.9% | 9 | 0 |
| 19 | Marion County | 9 | $4.6M | 1.9% | 4 | +5 |
| 20 | Newton County | 9 | $1.7M | 1.9% | 10 | -1 |
| 21 | Lowndes County | 8 | $3.8M | 1.7% | 0 | new |
| 22 | Lee County | 6 | $3.4M | 1.3% | 18 | -12 |
| 23 | Yazoo County | 6 | $1.1M | 1.3% | 0 | new |
| 24 | Hancock County | 5 | $3.0M | 1.1% | 2 | +3 |
| 25 | Pike County | 5 | $1.3M | 1.1% | 5 | 0 |
| 26 | Pearl River County | 5 | $624K | 1.1% | 2 | +3 |
| 27 | Lafayette County | 5 | $1.4M | 1.1% | 3 | +2 |
| 28 | Sunflower County | 4 | $325K | 0.9% | 6 | -2 |
| 29 | Winston County | 4 | $503K | 0.9% | 7 | -3 |
| 30 | Wayne County | 3 | $916K | 0.6% | 6 | -3 |
| 31 | Noxubee County | 3 | $703K | 0.6% | 1 | +2 |
| 32 | Amite County | 3 | $1.9M | 0.6% | 5 | -2 |
| 33 | Lauderdale County | 2 | — | 0.4% | 1 | +1 |
| 34 | Bolivar County | 2 | — | 0.4% | 1 | +1 |
| 35 | Lawrence County | 2 | — | 0.4% | 0 | new |
| 36 | Perry County | 2 | — | 0.4% | 3 | -1 |
| 37 | Walthall County | 2 | — | 0.4% | 4 | -2 |
| 38 | Stone County | 2 | — | 0.4% | 2 | 0 |
| 39 | Jasper County | 2 | — | 0.4% | 9 | -7 |
| 40 | Humphreys County | 2 | — | 0.4% | 0 | new |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2016 against FY2015
| Mississippi | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 463 | 441 |
| 7(a) dollars | $143M | $164M |
| Median 7(a) approval | $101K | $104K |
| 504 approvals | 3 | 5 |
| 504 dollars | $2.9M | $2.1M |
| Jobs supported, as reported | 3,918 | 4,165 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2016?
Community Bank of Mississippi (78), Covington County Bank (57), Trustmark Bank (56), First Financial Bank (55), Peoples Bank (37). 54 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2016?
466: 463 under 7(a) worth $143M and 3 under 504 worth $2.9M.
Which Mississippi counties had the most SBA approvals in FY2016?
Covington County (72), Rankin County (27), Madison County (26), Hinds County (24), DeSoto County (23).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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