States › Mississippi › FY2020
FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Mississippi, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 294 loans in Mississippi: 287 under 7(a) and 7 under 504, worth $159M.
That is down 12% on FY2019, when there were 334 approvals worth $142M.
Mississippi accounted for 0.6% of the 49,417 approvals nationwide that year. 43 lenders had at least one approval in the state; Peoples 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 FY2020, of 43 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Peoples Bank | 7(a) | 56 | $33.8M | 19.0% | 32 | +24 |
| 2 | Community Bank of Mississippi | 7(a) | 44 | $12.4M | 15.0% | 33 | +11 |
| 3 | Covington County Bank | 7(a) | 36 | $2.9M | 12.2% | 43 | -7 |
| 4 | BankFirst Financial Services | 7(a) | 26 | $5.8M | 8.8% | 10 | +16 |
| 5 | Trustmark Bank | 7(a) | 17 | $5.0M | 5.8% | 29 | -12 |
| 6 | BankPlus | 7(a) | 16 | $11.8M | 5.4% | 33 | -17 |
| 7 | First Financial Bank | 7(a) | 9 | $5.9M | 3.1% | 16 | -7 |
| 8 | The Huntington National Bank | 7(a) | 9 | $2.8M | 3.1% | 14 | -5 |
| 9 | Renasant Bank | 7(a) | 8 | $2.6M | 2.7% | 11 | -3 |
| 10 | Regions Bank | 7(a) | 7 | $8.0M | 2.4% | 4 | +3 |
| 11 | Live Oak Banking Company | 7(a) | 6 | $9.0M | 2.0% | 7 | -1 |
| 12 | Celtic Bank Corporation | 7(a) | 5 | $1.3M | 1.7% | 4 | +1 |
| 13 | Wells Fargo Bank National Association | 7(a) | 5 | $45K | 1.7% | 10 | -5 |
| 14 | Central Mississippi Development Company, Inc. | 504 | 4 | $4.3M | 1.4% | 2 | +2 |
| 15 | Story Bank d/b/a Story Financial Partners | 7(a) | 3 | $6.6M | 1.0% | 0 | new |
| 16 | Three Rivers Local Development Company, Inc. | 504 | 3 | $1.8M | 1.0% | 3 | 0 |
| 17 | BNA Bank | 7(a) | 3 | $627K | 1.0% | 1 | +2 |
| 18 | United Midwest Savings Bank National Association | 7(a) | 3 | $375K | 1.0% | 3 | 0 |
| 19 | Byline Bank | 7(a) | 2 | — | 0.7% | 6 | -4 |
| 20 | Stone Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 21 | GBank | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 22 | First State Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 23 | Pinnacle Bank | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 24 | PriorityOne Bank | 7(a) | 2 | — | 0.7% | 3 | -1 |
| 25 | The Bancorp Bank National Association | 7(a) | 2 | — | 0.7% | 0 | new |
| 26 | BayFirst National Bank | 7(a) | 2 | — | 0.7% | 4 | -2 |
| 27 | Stearns Bank National Association | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 28 | First Bank of the Lake | 7(a) | 1 | — | 0.3% | 0 | new |
| 29 | Customers Bank | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 30 | Metro City Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 31 | PromiseOne Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | First Port City Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | Citizens Bank | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 34 | Capital Bank, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 35 | Southwestern National Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 36 | IncredibleBank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Guaranty Bank and Trust Company | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 38 | Ameris Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 39 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Merchants & Marine Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Covington County | 50 | $6.4M | 17.0% | 50 | 0 |
| 2 | Madison County | 28 | $16.6M | 9.5% | 15 | +13 |
| 3 | Rankin County | 23 | $16.5M | 7.8% | 23 | 0 |
| 4 | Hinds County | 20 | $12.6M | 6.8% | 24 | -4 |
| 5 | Harrison County | 19 | $14.8M | 6.5% | 22 | -3 |
| 6 | Forrest County | 14 | $5.3M | 4.8% | 8 | +6 |
| 7 | Smith County | 10 | $696K | 3.4% | 8 | +2 |
| 8 | Simpson County | 9 | $796K | 3.1% | 6 | +3 |
| 9 | Lowndes County | 9 | $18.6M | 3.1% | 4 | +5 |
| 10 | Jackson County | 8 | $2.7M | 2.7% | 18 | -10 |
| 11 | DeSoto County | 8 | $6.1M | 2.7% | 22 | -14 |
| 12 | Jones County | 7 | $1.9M | 2.4% | 5 | +2 |
| 13 | Lamar County | 7 | $469K | 2.4% | 15 | -8 |
| 14 | Copiah County | 6 | $1.2M | 2.0% | 6 | 0 |
| 15 | Leake County | 5 | $5.5M | 1.7% | 12 | -7 |
| 16 | Warren County | 5 | $5.8M | 1.7% | 5 | 0 |
| 17 | Lee County | 4 | $4.2M | 1.4% | 12 | -8 |
| 18 | Oktibbeha County | 4 | $2.3M | 1.4% | 2 | +2 |
| 19 | Lafayette County | 4 | $1.4M | 1.4% | 1 | +3 |
| 20 | Lauderdale County | 3 | $2.7M | 1.0% | 7 | -4 |
| 21 | Jefferson Davis County | 3 | $438K | 1.0% | 1 | +2 |
| 22 | Hancock County | 3 | $1.1M | 1.0% | 0 | new |
| 23 | Walthall County | 3 | $1.7M | 1.0% | 3 | 0 |
| 24 | Union County | 3 | $1.4M | 1.0% | 0 | new |
| 25 | Clay County | 3 | $189K | 1.0% | 2 | +1 |
| 26 | Lincoln County | 2 | — | 0.7% | 6 | -4 |
| 27 | Scott County | 2 | — | 0.7% | 0 | new |
| 28 | Lawrence County | 2 | — | 0.7% | 2 | 0 |
| 29 | Newton County | 2 | — | 0.7% | 3 | -1 |
| 30 | Pike County | 2 | — | 0.7% | 6 | -4 |
| 31 | Monroe County | 2 | — | 0.7% | 3 | -1 |
| 32 | Pontotoc County | 2 | — | 0.7% | 0 | new |
| 33 | Washington County | 2 | — | 0.7% | 1 | +1 |
| 34 | Tunica County | 2 | — | 0.7% | 1 | +1 |
| 35 | Marshall County | 1 | — | 0.3% | 1 | 0 |
| 36 | Sunflower County | 1 | — | 0.3% | 1 | 0 |
| 37 | Neshoba County | 1 | — | 0.3% | 3 | -2 |
| 38 | Marion County | 1 | — | 0.3% | 1 | 0 |
| 39 | Wayne County | 1 | — | 0.3% | 1 | 0 |
| 40 | Noxubee County | 1 | — | 0.3% | 2 | -1 |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2020 against FY2019
| Mississippi | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 287 | 328 |
| 7(a) dollars | $153M | $135M |
| Median 7(a) approval | $176K | $150K |
| 504 approvals | 7 | 6 |
| 504 dollars | $6.1M | $6.5M |
| Jobs supported, as reported | 3,493 | 2,674 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2020?
Peoples Bank (56), Community Bank of Mississippi (44), Covington County Bank (36), BankFirst Financial Services (26), Trustmark Bank (17). 43 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2020?
294: 287 under 7(a) worth $153M and 7 under 504 worth $6.1M.
Which Mississippi counties had the most SBA approvals in FY2020?
Covington County (50), Madison County (28), Rankin County (23), Hinds County (20), Harrison County (19).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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