States › Mississippi › FY2017
FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Mississippi, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 406 loans in Mississippi: 402 under 7(a) and 4 under 504, worth $165M.
That is down 13% on FY2016, when there were 466 approvals worth $146M.
Mississippi accounted for 0.6% of the 68,648 approvals nationwide that year. 46 lenders had at least one approval in the state; Community Bank of Mississippi had the most, 57.
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 FY2017, of 46 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | 7(a) | 57 | $10.0M | 14.0% | 78 | -21 |
| 2 | Trustmark Bank | 7(a) | 47 | $4.8M | 11.6% | 56 | -9 |
| 3 | BankPlus | 7(a) | 44 | $20.6M | 10.8% | 35 | +9 |
| 4 | Covington County Bank | 7(a) | 41 | $2.6M | 10.1% | 57 | -16 |
| 5 | First Financial Bank | 7(a) | 39 | $13.0M | 9.6% | 55 | -16 |
| 6 | The Huntington National Bank | 7(a) | 22 | $4.1M | 5.4% | 20 | +2 |
| 7 | The Citizens Bank of Philadelphia | 7(a) | 22 | $3.9M | 5.4% | 10 | +12 |
| 8 | Peoples Bank | 7(a) | 21 | $7.7M | 5.2% | 37 | -16 |
| 9 | Renasant Bank | 7(a) | 16 | $6.1M | 3.9% | 13 | +3 |
| 10 | Live Oak Banking Company | 7(a) | 12 | $22.3M | 3.0% | 10 | +2 |
| 11 | Hancock Whitney Bank | 7(a) | 9 | $1.2M | 2.2% | 1 | +8 |
| 12 | Wells Fargo Bank National Association | 7(a) | 9 | $902K | 2.2% | 20 | -11 |
| 13 | Celtic Bank Corporation | 7(a) | 8 | $4.5M | 2.0% | 3 | +5 |
| 14 | Regions Bank | 7(a) | 6 | $8.6M | 1.5% | 7 | -1 |
| 15 | BankUnited, National Association | 7(a) | 4 | $4.8M | 1.0% | 3 | +1 |
| 16 | Simmons Bank | 7(a) | 4 | $4.5M | 1.0% | 9 | -5 |
| 17 | Central Mississippi Development Company, Inc. | 504 | 3 | $3.0M | 0.7% | 2 | +1 |
| 18 | The Citizens National Bank of Meridian | 7(a) | 3 | $2.0M | 0.7% | 1 | +2 |
| 19 | PriorityOne Bank | 7(a) | 3 | $528K | 0.7% | 7 | -4 |
| 20 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 0.5% | 0 | new |
| 21 | The MINT National Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 22 | America First Federal Credit Union | 7(a) | 2 | — | 0.5% | 0 | new |
| 23 | BizCapital BIDCO I, LLC | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 24 | First Horizon Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 25 | RiverHills Bank | 7(a) | 2 | — | 0.5% | 3 | -1 |
| 26 | FinWise Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 27 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 28 | Independence Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 29 | Three Rivers Local Development Company, Inc. | 504 | 1 | — | 0.2% | 0 | new |
| 30 | Columbia Bank | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 31 | Northeast Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 32 | First Western SBLC, LLC | 7(a) | 1 | — | 0.2% | 0 | new |
| 33 | Citizens Bank | 7(a) | 1 | — | 0.2% | 2 | -1 |
| 34 | Story Bank d/b/a Story Financial Partners | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 35 | PromiseOne Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 36 | First Bank of the Lake | 7(a) | 1 | — | 0.2% | 2 | -1 |
| 37 | AmeriState Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 38 | Planters Bank and Trust Company | 7(a) | 1 | — | 0.2% | 0 | new |
| 39 | Readycap Lending, LLC | 7(a) | 1 | — | 0.2% | 0 | new |
| 40 | Gulf Coast Bank and Trust Company | 7(a) | 1 | — | 0.2% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Covington County | 45 | $5.9M | 11.1% | 72 | -27 |
| 2 | Hinds County | 39 | $13.2M | 9.6% | 24 | +15 |
| 3 | Rankin County | 34 | $10.3M | 8.4% | 27 | +7 |
| 4 | Madison County | 26 | $4.8M | 6.4% | 26 | 0 |
| 5 | Harrison County | 24 | $8.6M | 5.9% | 19 | +5 |
| 6 | Leake County | 15 | $2.7M | 3.7% | 20 | -5 |
| 7 | Jackson County | 15 | $8.0M | 3.7% | 21 | -6 |
| 8 | DeSoto County | 14 | $8.2M | 3.4% | 23 | -9 |
| 9 | Simpson County | 13 | $6.3M | 3.2% | 17 | -4 |
| 10 | Jones County | 11 | $9.6M | 2.7% | 17 | -6 |
| 11 | Lee County | 10 | $8.9M | 2.5% | 6 | +4 |
| 12 | Wayne County | 10 | $9.7M | 2.5% | 3 | +7 |
| 13 | Smith County | 8 | $4.4M | 2.0% | 10 | -2 |
| 14 | Scott County | 8 | $1.0M | 2.0% | 14 | -6 |
| 15 | Jefferson Davis County | 8 | $7.4M | 2.0% | 10 | -2 |
| 16 | Pearl River County | 7 | $1.0M | 1.7% | 5 | +2 |
| 17 | Lafayette County | 7 | $510K | 1.7% | 5 | +2 |
| 18 | Lincoln County | 6 | $790K | 1.5% | 9 | -3 |
| 19 | Forrest County | 6 | $778K | 1.5% | 13 | -7 |
| 20 | Neshoba County | 6 | $2.2M | 1.5% | 10 | -4 |
| 21 | Copiah County | 6 | $2.0M | 1.5% | 1 | +5 |
| 22 | Greene County | 6 | $8.5M | 1.5% | 2 | +4 |
| 23 | Lamar County | 5 | $1.6M | 1.2% | 11 | -6 |
| 24 | Marion County | 5 | $345K | 1.2% | 9 | -4 |
| 25 | Warren County | 4 | $1.4M | 1.0% | 11 | -7 |
| 26 | Lauderdale County | 4 | $2.2M | 1.0% | 2 | +2 |
| 27 | Newton County | 4 | $1.8M | 1.0% | 9 | -5 |
| 28 | Pike County | 4 | $215K | 1.0% | 5 | -1 |
| 29 | Clarke County | 4 | $685K | 1.0% | 1 | +3 |
| 30 | Walthall County | 4 | $5.6M | 1.0% | 2 | +2 |
| 31 | Jasper County | 4 | $249K | 1.0% | 2 | +2 |
| 32 | Leflore County | 3 | $1.5M | 0.7% | 1 | +2 |
| 33 | Hancock County | 3 | $528K | 0.7% | 5 | -2 |
| 34 | Washington County | 3 | $1.4M | 0.7% | 1 | +2 |
| 35 | Prentiss County | 3 | $6.7M | 0.7% | 2 | +1 |
| 36 | Yazoo County | 3 | $1.6M | 0.7% | 6 | -3 |
| 37 | Sunflower County | 2 | — | 0.5% | 4 | -2 |
| 38 | Oktibbeha County | 2 | — | 0.5% | 0 | new |
| 39 | Lowndes County | 2 | — | 0.5% | 8 | -6 |
| 40 | Lawrence County | 2 | — | 0.5% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2017 against FY2016
| Mississippi | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 402 | 463 |
| 7(a) dollars | $159M | $143M |
| Median 7(a) approval | $103K | $101K |
| 504 approvals | 4 | 3 |
| 504 dollars | $6.3M | $2.9M |
| Jobs supported, as reported | 3,461 | 3,918 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2017?
Community Bank of Mississippi (57), Trustmark Bank (47), BankPlus (44), Covington County Bank (41), First Financial Bank (39). 46 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2017?
406: 402 under 7(a) worth $159M and 4 under 504 worth $6.3M.
Which Mississippi counties had the most SBA approvals in FY2017?
Covington County (45), Hinds County (39), Rankin County (34), Madison County (26), Harrison County (24).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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