States › Mississippi › FY2021
FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Mississippi, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 377 loans in Mississippi: 366 under 7(a) and 11 under 504, worth $218M.
That is up 28% on FY2020, when there were 294 approvals worth $159M.
Mississippi accounted for 0.6% of the 61,532 approvals nationwide that year. 60 lenders had at least one approval in the state; Peoples Bank had the most, 92.
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 FY2021, of 60 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Peoples Bank | 7(a) | 92 | $37.4M | 24.4% | 56 | +36 |
| 2 | Community Bank of Mississippi | 7(a) | 51 | $19.5M | 13.5% | 44 | +7 |
| 3 | BankFirst Financial Services | 7(a) | 42 | $29.7M | 11.1% | 26 | +16 |
| 4 | Trustmark Bank | 7(a) | 40 | $11.9M | 10.6% | 17 | +23 |
| 5 | BankPlus | 7(a) | 15 | $10.3M | 4.0% | 16 | -1 |
| 6 | Renasant Bank | 7(a) | 11 | $15.3M | 2.9% | 8 | +3 |
| 7 | First Financial Bank | 7(a) | 11 | $3.2M | 2.9% | 9 | +2 |
| 8 | The Huntington National Bank | 7(a) | 9 | $5.5M | 2.4% | 9 | 0 |
| 9 | Wells Fargo Bank National Association | 7(a) | 9 | $852K | 2.4% | 5 | +4 |
| 10 | Live Oak Banking Company | 7(a) | 8 | $7.6M | 2.1% | 6 | +2 |
| 11 | Covington County Bank | 7(a) | 7 | $1.4M | 1.9% | 36 | -29 |
| 12 | Pinnacle Bank | 7(a) | 5 | $6.5M | 1.3% | 2 | +3 |
| 13 | Central Mississippi Development Company, Inc. | 504 | 5 | $1.5M | 1.3% | 4 | +1 |
| 14 | United Midwest Savings Bank National Association | 7(a) | 5 | $670K | 1.3% | 3 | +2 |
| 15 | First State Bank | 7(a) | 4 | $1.2M | 1.1% | 2 | +2 |
| 16 | Southern Bancorp Bank | 7(a) | 3 | $3.2M | 0.8% | 0 | new |
| 17 | Beacon Bank and Trust | 7(a) | 3 | $1.3M | 0.8% | 0 | new |
| 18 | The Citizens National Bank of Meridian | 7(a) | 3 | $918K | 0.8% | 1 | +2 |
| 19 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $450K | 0.8% | 1 | +2 |
| 20 | The Bancorp Bank National Association | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 21 | Hancock Whitney Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 22 | Bank3 | 7(a) | 2 | — | 0.5% | 0 | new |
| 23 | Citizens Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 24 | Georgia Certified Development Corporation | 504 | 2 | — | 0.5% | 0 | new |
| 25 | Guaranty Bank and Trust Company | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 26 | Readycap Lending, LLC | 7(a) | 2 | — | 0.5% | 0 | new |
| 27 | Associated Bank National Association | 7(a) | 2 | — | 0.5% | 0 | new |
| 28 | Regions Bank | 7(a) | 2 | — | 0.5% | 7 | -5 |
| 29 | PriorityOne Bank | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 30 | First Bank of the Lake | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 31 | American Continental Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | ServisFirst Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 34 | United Community Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 35 | Centerstone SBA Lending, Inc. | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | United Business Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Bank Five Nine | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | GBank | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 39 | TowneBank | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Golden Bank National Association | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Hinds County | 32 | $13.1M | 8.5% | 20 | +12 |
| 2 | Madison County | 29 | $13.1M | 7.7% | 28 | +1 |
| 3 | Covington County | 28 | $5.5M | 7.4% | 50 | -22 |
| 4 | DeSoto County | 21 | $30.6M | 5.6% | 8 | +13 |
| 5 | Simpson County | 20 | $2.2M | 5.3% | 9 | +11 |
| 6 | Jackson County | 20 | $15.1M | 5.3% | 8 | +12 |
| 7 | Rankin County | 19 | $4.3M | 5.0% | 23 | -4 |
| 8 | Smith County | 18 | $3.0M | 4.8% | 10 | +8 |
| 9 | Jones County | 14 | $3.7M | 3.7% | 7 | +7 |
| 10 | Leake County | 12 | $9.7M | 3.2% | 5 | +7 |
| 11 | Forrest County | 12 | $4.8M | 3.2% | 14 | -2 |
| 12 | Harrison County | 12 | $7.1M | 3.2% | 19 | -7 |
| 13 | Lincoln County | 11 | $3.6M | 2.9% | 2 | +9 |
| 14 | Lowndes County | 11 | $5.1M | 2.9% | 9 | +2 |
| 15 | Noxubee County | 10 | $8.9M | 2.7% | 1 | +9 |
| 16 | Lauderdale County | 9 | $8.4M | 2.4% | 3 | +6 |
| 17 | Lamar County | 7 | $2.7M | 1.9% | 7 | 0 |
| 18 | Copiah County | 7 | $2.2M | 1.9% | 6 | +1 |
| 19 | Scott County | 6 | $9.6M | 1.6% | 2 | +4 |
| 20 | Lee County | 5 | $4.4M | 1.3% | 4 | +1 |
| 21 | Neshoba County | 5 | $5.4M | 1.3% | 1 | +4 |
| 22 | Lawrence County | 5 | $2.3M | 1.3% | 2 | +3 |
| 23 | Jasper County | 5 | $875K | 1.3% | 1 | +4 |
| 24 | Greene County | 5 | $3.9M | 1.3% | 1 | +4 |
| 25 | Oktibbeha County | 4 | $1.1M | 1.1% | 4 | 0 |
| 26 | Pike County | 4 | $1.9M | 1.1% | 2 | +2 |
| 27 | Wayne County | 3 | $965K | 0.8% | 1 | +2 |
| 28 | Perry County | 3 | $1.0M | 0.8% | 0 | new |
| 29 | Winston County | 3 | $2.4M | 0.8% | 1 | +2 |
| 30 | Tunica County | 3 | $3.0M | 0.8% | 2 | +1 |
| 31 | Warren County | 2 | — | 0.5% | 5 | -3 |
| 32 | Sunflower County | 2 | — | 0.5% | 1 | +1 |
| 33 | Holmes County | 2 | — | 0.5% | 0 | new |
| 34 | Clarke County | 2 | — | 0.5% | 0 | new |
| 35 | Monroe County | 2 | — | 0.5% | 2 | 0 |
| 36 | Pearl River County | 2 | — | 0.5% | 1 | +1 |
| 37 | Coahoma County | 2 | — | 0.5% | 0 | new |
| 38 | Lafayette County | 2 | — | 0.5% | 4 | -2 |
| 39 | Amite County | 2 | — | 0.5% | 0 | new |
| 40 | Alcorn County | 2 | — | 0.5% | 0 | new |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2021 against FY2020
| Mississippi | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 366 | 287 |
| 7(a) dollars | $211M | $153M |
| Median 7(a) approval | $250K | $176K |
| 504 approvals | 11 | 7 |
| 504 dollars | $6.6M | $6.1M |
| Jobs supported, as reported | 4,308 | 3,493 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2021?
Peoples Bank (92), Community Bank of Mississippi (51), BankFirst Financial Services (42), Trustmark Bank (40), BankPlus (15). 60 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2021?
377: 366 under 7(a) worth $211M and 11 under 504 worth $6.6M.
Which Mississippi counties had the most SBA approvals in FY2021?
Hinds County (32), Madison County (29), Covington County (28), DeSoto County (21), Simpson County (20).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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