States › Mississippi › FY2022
FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Mississippi, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 293 loans in Mississippi: 289 under 7(a) and 4 under 504, worth $137M.
That is down 22% on FY2021, when there were 377 approvals worth $218M.
Mississippi accounted for 0.5% of the 56,932 approvals nationwide that year. 49 lenders had at least one approval in the state; Peoples Bank 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 FY2022, of 49 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Peoples Bank | 7(a) | 57 | $18.7M | 19.5% | 92 | -35 |
| 2 | BankFirst Financial Services | 7(a) | 47 | $15.6M | 16.0% | 42 | +5 |
| 3 | Trustmark Bank | 7(a) | 30 | $9.5M | 10.2% | 40 | -10 |
| 4 | Community Bank of Mississippi | 7(a) | 28 | $14.5M | 9.6% | 51 | -23 |
| 5 | Covington County Bank | 7(a) | 18 | $1.5M | 6.1% | 7 | +11 |
| 6 | The Huntington National Bank | 7(a) | 16 | $7.5M | 5.5% | 9 | +7 |
| 7 | Newtek Small Business Finance, Inc. | 7(a) | 9 | $4.3M | 3.1% | 3 | +6 |
| 8 | United Midwest Savings Bank National Association | 7(a) | 6 | $5.4M | 2.0% | 5 | +1 |
| 9 | Live Oak Banking Company | 7(a) | 6 | $4.6M | 2.0% | 8 | -2 |
| 10 | Wells Fargo Bank National Association | 7(a) | 6 | $82K | 2.0% | 9 | -3 |
| 11 | BayFirst National Bank | 7(a) | 5 | $800K | 1.7% | 0 | new |
| 12 | Celtic Bank Corporation | 7(a) | 4 | $6.4M | 1.4% | 0 | new |
| 13 | Three Rivers Local Development Company, Inc. | 504 | 4 | $5.1M | 1.4% | 1 | +3 |
| 14 | First State Bank | 7(a) | 4 | $2.1M | 1.4% | 4 | 0 |
| 15 | First Financial Bank | 7(a) | 4 | $1.1M | 1.4% | 11 | -7 |
| 16 | Northeast Bank | 7(a) | 4 | $92K | 1.4% | 0 | new |
| 17 | First Merchants Bank | 7(a) | 3 | $1.4M | 1.0% | 1 | +2 |
| 18 | BankPlus | 7(a) | 3 | $601K | 1.0% | 15 | -12 |
| 19 | Readycap Lending, LLC | 7(a) | 3 | $154K | 1.0% | 2 | +1 |
| 20 | Southern Bancorp Bank | 7(a) | 2 | — | 0.7% | 3 | -1 |
| 21 | First Bank of the Lake | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 22 | RiverHills Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 23 | Customers Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 24 | PriorityOne Bank | 7(a) | 2 | — | 0.7% | 2 | 0 |
| 25 | Five Star Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 26 | Coastal States Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 27 | Millennium Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 28 | GBank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 29 | Metro City Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 30 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 31 | UniBank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | SouthState Bank, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | First Internet Bank of Indiana | 7(a) | 1 | — | 0.3% | 0 | new |
| 34 | Centerstone SBA Lending, Inc. | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 35 | Beacon Bank and Trust | 7(a) | 1 | — | 0.3% | 3 | -2 |
| 36 | Planters Bank and Trust Company | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | United Community Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | Renasant Bank | 7(a) | 1 | — | 0.3% | 11 | -10 |
| 39 | Bank of St. Francisville | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Pinnacle Bank | 7(a) | 1 | — | 0.3% | 5 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Hinds County | 28 | $13.7M | 9.6% | 32 | -4 |
| 2 | Rankin County | 25 | $9.2M | 8.5% | 19 | +6 |
| 3 | Covington County | 24 | $7.6M | 8.2% | 28 | -4 |
| 4 | Madison County | 21 | $9.0M | 7.2% | 29 | -8 |
| 5 | Simpson County | 14 | $1.6M | 4.8% | 20 | -6 |
| 6 | DeSoto County | 14 | $7.1M | 4.8% | 21 | -7 |
| 7 | Jones County | 12 | $6.0M | 4.1% | 14 | -2 |
| 8 | Lowndes County | 12 | $7.4M | 4.1% | 11 | +1 |
| 9 | Smith County | 10 | $2.3M | 3.4% | 18 | -8 |
| 10 | Jackson County | 8 | $6.0M | 2.7% | 20 | -12 |
| 11 | Forrest County | 8 | $1.9M | 2.7% | 12 | -4 |
| 12 | Harrison County | 8 | $3.7M | 2.7% | 12 | -4 |
| 13 | Oktibbeha County | 8 | $4.0M | 2.7% | 4 | +4 |
| 14 | Noxubee County | 7 | $898K | 2.4% | 10 | -3 |
| 15 | Jasper County | 6 | $541K | 2.0% | 5 | +1 |
| 16 | Lamar County | 5 | $721K | 1.7% | 7 | -2 |
| 17 | Monroe County | 5 | $2.9M | 1.7% | 2 | +3 |
| 18 | Greene County | 5 | $1.5M | 1.7% | 5 | 0 |
| 19 | Lincoln County | 4 | $7.6M | 1.4% | 11 | -7 |
| 20 | Scott County | 4 | $2.2M | 1.4% | 6 | -2 |
| 21 | Neshoba County | 4 | $1.5M | 1.4% | 5 | -1 |
| 22 | Pike County | 4 | $4.8M | 1.4% | 4 | 0 |
| 23 | Copiah County | 4 | $281K | 1.4% | 7 | -3 |
| 24 | Wayne County | 3 | $1.3M | 1.0% | 3 | 0 |
| 25 | Jefferson Davis County | 3 | $1.1M | 1.0% | 0 | new |
| 26 | Washington County | 3 | $1.4M | 1.0% | 1 | +2 |
| 27 | Tishomingo County | 3 | $1.1M | 1.0% | 0 | new |
| 28 | George County | 3 | $1.6M | 1.0% | 0 | new |
| 29 | Marshall County | 2 | — | 0.7% | 0 | new |
| 30 | Lee County | 2 | — | 0.7% | 5 | -3 |
| 31 | Marion County | 2 | — | 0.7% | 1 | +1 |
| 32 | Lauderdale County | 2 | — | 0.7% | 9 | -7 |
| 33 | Holmes County | 2 | — | 0.7% | 2 | 0 |
| 34 | Winston County | 2 | — | 0.7% | 3 | -1 |
| 35 | Walthall County | 2 | — | 0.7% | 1 | +1 |
| 36 | Kemper County | 2 | — | 0.7% | 0 | new |
| 37 | Pearl River County | 2 | — | 0.7% | 2 | 0 |
| 38 | Lafayette County | 2 | — | 0.7% | 2 | 0 |
| 39 | Amite County | 2 | — | 0.7% | 2 | 0 |
| 40 | Leake County | 1 | — | 0.3% | 12 | -11 |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2022 against FY2021
| Mississippi | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 289 | 366 |
| 7(a) dollars | $132M | $211M |
| Median 7(a) approval | $153K | $250K |
| 504 approvals | 4 | 11 |
| 504 dollars | $5.1M | $6.6M |
| Jobs supported, as reported | 2,947 | 4,308 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2022?
Peoples Bank (57), BankFirst Financial Services (47), Trustmark Bank (30), Community Bank of Mississippi (28), Covington County Bank (18). 49 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2022?
293: 289 under 7(a) worth $132M and 4 under 504 worth $5.1M.
Which Mississippi counties had the most SBA approvals in FY2022?
Hinds County (28), Rankin County (25), Covington County (24), Madison County (21), Simpson County (14).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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