States › Mississippi › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Mississippi, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 380 loans in Mississippi: 375 under 7(a) and 5 under 504, worth $157M.
That is about level with FY2017, when there were 406 approvals worth $165M.
Mississippi accounted for 0.6% of the 66,228 approvals nationwide that year. 56 lenders had at least one approval in the state; Trustmark Bank had the most, 56.
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 FY2018, of 56 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Trustmark Bank | 7(a) | 56 | $6.0M | 14.7% | 47 | +9 |
| 2 | Covington County Bank | 7(a) | 45 | $2.4M | 11.8% | 41 | +4 |
| 3 | Community Bank of Mississippi | 7(a) | 42 | $11.4M | 11.1% | 57 | -15 |
| 4 | First Financial Bank | 7(a) | 32 | $10.2M | 8.4% | 39 | -7 |
| 5 | BankPlus | 7(a) | 32 | $10.1M | 8.4% | 44 | -12 |
| 6 | The Citizens Bank of Philadelphia | 7(a) | 28 | $7.7M | 7.4% | 22 | +6 |
| 7 | The Huntington National Bank | 7(a) | 19 | $8.5M | 5.0% | 22 | -3 |
| 8 | Peoples Bank | 7(a) | 16 | $7.4M | 4.2% | 21 | -5 |
| 9 | Regions Bank | 7(a) | 7 | $10.0M | 1.8% | 6 | +1 |
| 10 | Live Oak Banking Company | 7(a) | 6 | $8.6M | 1.6% | 12 | -6 |
| 11 | Renasant Bank | 7(a) | 6 | $4.0M | 1.6% | 16 | -10 |
| 12 | Wells Fargo Bank National Association | 7(a) | 6 | $724K | 1.6% | 9 | -3 |
| 13 | Independence Bank | 7(a) | 6 | $650K | 1.6% | 2 | +4 |
| 14 | Celtic Bank Corporation | 7(a) | 5 | $2.7M | 1.3% | 8 | -3 |
| 15 | Three Rivers Local Development Company, Inc. | 504 | 4 | $7.9M | 1.1% | 1 | +3 |
| 16 | PromiseOne Bank | 7(a) | 4 | $5.2M | 1.1% | 1 | +3 |
| 17 | United Midwest Savings Bank National Association | 7(a) | 4 | $1.2M | 1.1% | 2 | +2 |
| 18 | Northeast Bank | 7(a) | 4 | $425K | 1.1% | 1 | +3 |
| 19 | Pinnacle Bank | 7(a) | 3 | $4.2M | 0.8% | 0 | new |
| 20 | First State Bank | 7(a) | 3 | $3.6M | 0.8% | 1 | +2 |
| 21 | T Bank, National Association | 7(a) | 3 | $2.8M | 0.8% | 0 | new |
| 22 | BayFirst National Bank | 7(a) | 3 | $525K | 0.8% | 1 | +2 |
| 23 | Commonwealth Business Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 24 | First Western SBLC, LLC | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 25 | PNC Bank, National Association | 7(a) | 2 | — | 0.5% | 0 | new |
| 26 | Southern Bancorp Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 27 | Citizens Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 28 | Stearns Bank National Association | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 29 | Singing River FCU | 7(a) | 2 | — | 0.5% | 0 | new |
| 30 | BankUnited, National Association | 7(a) | 2 | — | 0.5% | 4 | -2 |
| 31 | Customers Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 32 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 33 | Carver State Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 34 | PriorityOne Bank | 7(a) | 2 | — | 0.5% | 3 | -1 |
| 35 | Shoreham Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | First Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Readycap Lending, LLC | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | Central Mississippi Development Company, Inc. | 504 | 1 | — | 0.3% | 3 | -2 |
| 39 | BizCapital BIDCO I, LLC | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 40 | First Bank of the Lake | 7(a) | 1 | — | 0.3% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Covington County | 48 | $3.2M | 12.6% | 45 | +3 |
| 2 | Hinds County | 31 | $13.1M | 8.2% | 39 | -8 |
| 3 | Rankin County | 30 | $6.2M | 7.9% | 34 | -4 |
| 4 | Madison County | 30 | $16.5M | 7.9% | 26 | +4 |
| 5 | Harrison County | 22 | $9.7M | 5.8% | 24 | -2 |
| 6 | Leake County | 19 | $3.5M | 5.0% | 15 | +4 |
| 7 | DeSoto County | 15 | $10.7M | 3.9% | 14 | +1 |
| 8 | Forrest County | 13 | $4.6M | 3.4% | 6 | +7 |
| 9 | Lafayette County | 12 | $3.3M | 3.2% | 7 | +5 |
| 10 | Lamar County | 11 | $3.2M | 2.9% | 5 | +6 |
| 11 | Lincoln County | 10 | $2.0M | 2.6% | 6 | +4 |
| 12 | Jackson County | 10 | $2.5M | 2.6% | 15 | -5 |
| 13 | Simpson County | 9 | $3.4M | 2.4% | 13 | -4 |
| 14 | Lee County | 9 | $3.0M | 2.4% | 10 | -1 |
| 15 | Jones County | 8 | $4.1M | 2.1% | 11 | -3 |
| 16 | Copiah County | 8 | $3.1M | 2.1% | 6 | +2 |
| 17 | Smith County | 7 | $1.5M | 1.8% | 8 | -1 |
| 18 | Newton County | 7 | $424K | 1.8% | 4 | +3 |
| 19 | Warren County | 6 | $3.4M | 1.6% | 4 | +2 |
| 20 | Lowndes County | 6 | $5.5M | 1.6% | 2 | +4 |
| 21 | Wayne County | 6 | $4.8M | 1.6% | 10 | -4 |
| 22 | Pike County | 5 | $3.1M | 1.3% | 4 | +1 |
| 23 | Jasper County | 4 | $4.3M | 1.1% | 4 | 0 |
| 24 | Neshoba County | 3 | $953K | 0.8% | 6 | -3 |
| 25 | Lauderdale County | 3 | $1.8M | 0.8% | 4 | -1 |
| 26 | Bolivar County | 3 | $7.2M | 0.8% | 1 | +2 |
| 27 | Walthall County | 3 | $1.1M | 0.8% | 4 | -1 |
| 28 | Pearl River County | 3 | $1.4M | 0.8% | 7 | -4 |
| 29 | George County | 3 | $3.2M | 0.8% | 0 | new |
| 30 | Lawrence County | 2 | — | 0.5% | 2 | 0 |
| 31 | Jefferson Davis County | 2 | — | 0.5% | 8 | -6 |
| 32 | Perry County | 2 | — | 0.5% | 1 | +1 |
| 33 | Hancock County | 2 | — | 0.5% | 3 | -1 |
| 34 | Amite County | 2 | — | 0.5% | 1 | +1 |
| 35 | Yazoo County | 2 | — | 0.5% | 3 | -1 |
| 36 | Choctaw County | 2 | — | 0.5% | 0 | new |
| 37 | Sunflower County | 1 | — | 0.3% | 2 | -1 |
| 38 | Oktibbeha County | 1 | — | 0.3% | 2 | -1 |
| 39 | Scott County | 1 | — | 0.3% | 8 | -7 |
| 40 | Marion County | 1 | — | 0.3% | 5 | -4 |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2018 against FY2017
| Mississippi | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 375 | 402 |
| 7(a) dollars | $147M | $159M |
| Median 7(a) approval | $122K | $103K |
| 504 approvals | 5 | 4 |
| 504 dollars | $9.9M | $6.3M |
| Jobs supported, as reported | 3,394 | 3,461 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2018?
Trustmark Bank (56), Covington County Bank (45), Community Bank of Mississippi (42), First Financial Bank (32), BankPlus (32). 56 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2018?
380: 375 under 7(a) worth $147M and 5 under 504 worth $9.9M.
Which Mississippi counties had the most SBA approvals in FY2018?
Covington County (48), Hinds County (31), Rankin County (30), Madison County (30), Harrison County (22).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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