States › Mississippi › FY2019
FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Mississippi, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 334 loans in Mississippi: 328 under 7(a) and 6 under 504, worth $142M.
That is down 12% on FY2018, when there were 380 approvals worth $157M.
Mississippi accounted for 0.6% of the 58,006 approvals nationwide that year. 58 lenders had at least one approval in the state; Covington County Bank had the most, 43.
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 FY2019, of 58 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Covington County Bank | 7(a) | 43 | $2.7M | 12.9% | 45 | -2 |
| 2 | BankPlus | 7(a) | 33 | $6.2M | 9.9% | 32 | +1 |
| 3 | Community Bank of Mississippi | 7(a) | 33 | $5.1M | 9.9% | 42 | -9 |
| 4 | Peoples Bank | 7(a) | 32 | $13.1M | 9.6% | 16 | +16 |
| 5 | Trustmark Bank | 7(a) | 29 | $5.3M | 8.7% | 56 | -27 |
| 6 | First Financial Bank | 7(a) | 16 | $10.4M | 4.8% | 32 | -16 |
| 7 | The Huntington National Bank | 7(a) | 14 | $3.0M | 4.2% | 19 | -5 |
| 8 | Renasant Bank | 7(a) | 11 | $11.2M | 3.3% | 6 | +5 |
| 9 | BankFirst Financial Services | 7(a) | 10 | $2.0M | 3.0% | 1 | +9 |
| 10 | Wells Fargo Bank National Association | 7(a) | 10 | $1.2M | 3.0% | 6 | +4 |
| 11 | The Citizens Bank of Philadelphia | 7(a) | 8 | $990K | 2.4% | 28 | -20 |
| 12 | Live Oak Banking Company | 7(a) | 7 | $9.2M | 2.1% | 6 | +1 |
| 13 | Byline Bank | 7(a) | 6 | $4.0M | 1.8% | 1 | +5 |
| 14 | Five Star Bank | 7(a) | 5 | $1.1M | 1.5% | 0 | new |
| 15 | Regions Bank | 7(a) | 4 | $4.7M | 1.2% | 7 | -3 |
| 16 | BayFirst National Bank | 7(a) | 4 | $2.6M | 1.2% | 3 | +1 |
| 17 | Celtic Bank Corporation | 7(a) | 4 | $931K | 1.2% | 5 | -1 |
| 18 | The Citizens National Bank of Meridian | 7(a) | 4 | $456K | 1.2% | 1 | +3 |
| 19 | Embassy National Bank | 7(a) | 3 | $6.3M | 0.9% | 0 | new |
| 20 | Southern Bancorp Bank | 7(a) | 3 | $5.1M | 0.9% | 2 | +1 |
| 21 | Three Rivers Local Development Company, Inc. | 504 | 3 | $4.7M | 0.9% | 4 | -1 |
| 22 | PriorityOne Bank | 7(a) | 3 | $913K | 0.9% | 2 | +1 |
| 23 | United Midwest Savings Bank National Association | 7(a) | 3 | $375K | 0.9% | 4 | -1 |
| 24 | Independence Bank | 7(a) | 3 | $375K | 0.9% | 6 | -3 |
| 25 | Customers Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 26 | Columbia Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 27 | Readycap Lending, LLC | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 28 | Citizens Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 29 | The MINT National Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 30 | Central Mississippi Development Company, Inc. | 504 | 2 | — | 0.6% | 1 | +1 |
| 31 | Hancock Whitney Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 32 | Guaranty Bank and Trust Company | 7(a) | 2 | — | 0.6% | 0 | new |
| 33 | Optus Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 34 | Shoreham Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 35 | GBank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | Royal Business Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | HomeTrust Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | JPMorgan Chase Bank, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | Metro City Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Pinnacle Bank | 7(a) | 1 | — | 0.3% | 3 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Covington County | 50 | $3.3M | 15.0% | 48 | +2 |
| 2 | Hinds County | 24 | $11.1M | 7.2% | 31 | -7 |
| 3 | Rankin County | 23 | $10.9M | 6.9% | 30 | -7 |
| 4 | Harrison County | 22 | $9.5M | 6.6% | 22 | 0 |
| 5 | DeSoto County | 22 | $16.4M | 6.6% | 15 | +7 |
| 6 | Jackson County | 18 | $12.0M | 5.4% | 10 | +8 |
| 7 | Madison County | 15 | $8.0M | 4.5% | 30 | -15 |
| 8 | Lamar County | 15 | $5.5M | 4.5% | 11 | +4 |
| 9 | Leake County | 12 | $6.4M | 3.6% | 19 | -7 |
| 10 | Lee County | 12 | $8.5M | 3.6% | 9 | +3 |
| 11 | Forrest County | 8 | $1.1M | 2.4% | 13 | -5 |
| 12 | Smith County | 8 | $998K | 2.4% | 7 | +1 |
| 13 | Lauderdale County | 7 | $1.6M | 2.1% | 3 | +4 |
| 14 | Simpson County | 6 | $1.5M | 1.8% | 9 | -3 |
| 15 | Lincoln County | 6 | $642K | 1.8% | 10 | -4 |
| 16 | Pike County | 6 | $4.6M | 1.8% | 5 | +1 |
| 17 | Copiah County | 6 | $700K | 1.8% | 8 | -2 |
| 18 | Jones County | 5 | $4.8M | 1.5% | 8 | -3 |
| 19 | Warren County | 5 | $4.4M | 1.5% | 6 | -1 |
| 20 | Bolivar County | 5 | $1.3M | 1.5% | 3 | +2 |
| 21 | Lowndes County | 4 | $798K | 1.2% | 6 | -2 |
| 22 | Pearl River County | 4 | $1.5M | 1.2% | 3 | +1 |
| 23 | Neshoba County | 3 | $116K | 0.9% | 3 | 0 |
| 24 | Newton County | 3 | $401K | 0.9% | 7 | -4 |
| 25 | Walthall County | 3 | $1.3M | 0.9% | 3 | 0 |
| 26 | Monroe County | 3 | $1.7M | 0.9% | 0 | new |
| 27 | Greene County | 3 | $1.5M | 0.9% | 1 | +2 |
| 28 | Alcorn County | 3 | $1.5M | 0.9% | 1 | +2 |
| 29 | Oktibbeha County | 2 | — | 0.6% | 1 | +1 |
| 30 | Lawrence County | 2 | — | 0.6% | 2 | 0 |
| 31 | Noxubee County | 2 | — | 0.6% | 1 | +1 |
| 32 | Jasper County | 2 | — | 0.6% | 4 | -2 |
| 33 | Coahoma County | 2 | — | 0.6% | 0 | new |
| 34 | Amite County | 2 | — | 0.6% | 2 | 0 |
| 35 | Tishomingo County | 2 | — | 0.6% | 0 | new |
| 36 | Yazoo County | 2 | — | 0.6% | 2 | 0 |
| 37 | George County | 2 | — | 0.6% | 3 | -1 |
| 38 | Clay County | 2 | — | 0.6% | 0 | new |
| 39 | Marshall County | 1 | — | 0.3% | 0 | new |
| 40 | Sunflower County | 1 | — | 0.3% | 1 | 0 |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2019 against FY2018
| Mississippi | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 328 | 375 |
| 7(a) dollars | $135M | $147M |
| Median 7(a) approval | $150K | $122K |
| 504 approvals | 6 | 5 |
| 504 dollars | $6.5M | $9.9M |
| Jobs supported, as reported | 2,674 | 3,394 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2019?
Covington County Bank (43), BankPlus (33), Community Bank of Mississippi (33), Peoples Bank (32), Trustmark Bank (29). 58 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2019?
334: 328 under 7(a) worth $135M and 6 under 504 worth $6.5M.
Which Mississippi counties had the most SBA approvals in FY2019?
Covington County (50), Hinds County (24), Rankin County (23), Harrison County (22), DeSoto County (22).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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