States › Mississippi › FY2023
FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Mississippi, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 336 loans in Mississippi: 329 under 7(a) and 7 under 504, worth $223M.
That is up 15% on FY2022, when there were 293 approvals worth $137M.
Mississippi accounted for 0.5% of the 63,286 approvals nationwide that year. 60 lenders had at least one approval in the state; Peoples Bank had the most, 61.
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 FY2023, of 60 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Peoples Bank | 7(a) | 61 | $25.2M | 18.2% | 57 | +4 |
| 2 | Community Bank of Mississippi | 7(a) | 34 | $12.5M | 10.1% | 28 | +6 |
| 3 | BankFirst Financial Services | 7(a) | 26 | $12.9M | 7.7% | 47 | -21 |
| 4 | Trustmark Bank | 7(a) | 21 | $6.3M | 6.3% | 30 | -9 |
| 5 | BankPlus | 7(a) | 17 | $13.6M | 5.1% | 3 | +14 |
| 6 | BayFirst National Bank | 7(a) | 17 | $3.7M | 5.1% | 5 | +12 |
| 7 | Covington County Bank | 7(a) | 15 | $2.3M | 4.5% | 18 | -3 |
| 8 | First Financial Bank | 7(a) | 14 | $12.1M | 4.2% | 4 | +10 |
| 9 | Hancock Whitney Bank | 7(a) | 10 | $6.3M | 3.0% | 1 | +9 |
| 10 | Wells Fargo Bank National Association | 7(a) | 10 | $556K | 3.0% | 6 | +4 |
| 11 | Renasant Bank | 7(a) | 8 | $10.9M | 2.4% | 1 | +7 |
| 12 | The Huntington National Bank | 7(a) | 8 | $3.3M | 2.4% | 16 | -8 |
| 13 | Newtek Bank, National Association | 7(a) | 8 | $2.7M | 2.4% | 0 | new |
| 14 | Live Oak Banking Company | 7(a) | 7 | $9.8M | 2.1% | 6 | +1 |
| 15 | United Midwest Savings Bank National Association | 7(a) | 6 | $1.3M | 1.8% | 6 | 0 |
| 16 | Southern AgCredit, FLCA | 7(a) | 5 | $13.9M | 1.5% | 0 | new |
| 17 | Byline Bank | 7(a) | 5 | $8.1M | 1.5% | 1 | +4 |
| 18 | Three Rivers Local Development Company, Inc. | 504 | 4 | $10.3M | 1.2% | 4 | 0 |
| 19 | Northeast Bank | 7(a) | 4 | $202K | 1.2% | 4 | 0 |
| 20 | Celtic Bank Corporation | 7(a) | 3 | $7.5M | 0.9% | 4 | -1 |
| 21 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $1.1M | 0.9% | 9 | -6 |
| 22 | Merchants & Marine Bank | 7(a) | 3 | $692K | 0.9% | 0 | new |
| 23 | Wallis Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 24 | Southern Bancorp Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 25 | Seacoast National Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 26 | SouthState Bank, National Association | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 27 | Patriot Bank, National Association | 7(a) | 2 | — | 0.6% | 0 | new |
| 28 | Planters Bank and Trust Company | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 29 | Readycap Lending, LLC | 7(a) | 2 | — | 0.6% | 3 | -1 |
| 30 | Liberty Bank and Trust Company | 7(a) | 2 | — | 0.6% | 0 | new |
| 31 | RiverHills Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 32 | Farmers State Bank of Alto Pass, Illinois | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | Port 51 Lending LLC | 7(a) | 1 | — | 0.3% | 0 | new |
| 34 | GBank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 35 | Banterra Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | Hanover Community Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | United Community Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 38 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | First State Bank | 7(a) | 1 | — | 0.3% | 4 | -3 |
| 40 | United Prairie Bank | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Madison County | 32 | $11.1M | 9.5% | 21 | +11 |
| 2 | Harrison County | 26 | $35.9M | 7.7% | 8 | +18 |
| 3 | Rankin County | 25 | $12.4M | 7.4% | 25 | 0 |
| 4 | Covington County | 23 | $6.1M | 6.8% | 24 | -1 |
| 5 | Hinds County | 22 | $13.9M | 6.5% | 28 | -6 |
| 6 | DeSoto County | 15 | $10.2M | 4.5% | 14 | +1 |
| 7 | Simpson County | 14 | $1.9M | 4.2% | 14 | 0 |
| 8 | Smith County | 14 | $7.3M | 4.2% | 10 | +4 |
| 9 | Jackson County | 12 | $10.0M | 3.6% | 8 | +4 |
| 10 | Forrest County | 10 | $2.7M | 3.0% | 8 | +2 |
| 11 | Lee County | 8 | $3.0M | 2.4% | 2 | +6 |
| 12 | Jasper County | 8 | $5.3M | 2.4% | 6 | +2 |
| 13 | Lafayette County | 8 | $4.3M | 2.4% | 2 | +6 |
| 14 | Neshoba County | 7 | $5.1M | 2.1% | 4 | +3 |
| 15 | Pike County | 7 | $6.8M | 2.1% | 4 | +3 |
| 16 | Lincoln County | 6 | $3.0M | 1.8% | 4 | +2 |
| 17 | Jones County | 5 | $8.8M | 1.5% | 12 | -7 |
| 18 | Scott County | 5 | $4.9M | 1.5% | 4 | +1 |
| 19 | Marion County | 5 | $3.1M | 1.5% | 2 | +3 |
| 20 | Lauderdale County | 5 | $5.7M | 1.5% | 2 | +3 |
| 21 | Lowndes County | 5 | $4.5M | 1.5% | 12 | -7 |
| 22 | Walthall County | 5 | $3.0M | 1.5% | 2 | +3 |
| 23 | Washington County | 5 | $1.1M | 1.5% | 3 | +2 |
| 24 | Panola County | 4 | $3.8M | 1.2% | 1 | +3 |
| 25 | Hancock County | 4 | $1.8M | 1.2% | 1 | +3 |
| 26 | Noxubee County | 4 | $4.6M | 1.2% | 7 | -3 |
| 27 | Amite County | 4 | $6.3M | 1.2% | 2 | +2 |
| 28 | Leake County | 3 | $4.8M | 0.9% | 1 | +2 |
| 29 | Lamar County | 3 | $482K | 0.9% | 5 | -2 |
| 30 | Oktibbeha County | 3 | $190K | 0.9% | 8 | -5 |
| 31 | Wayne County | 3 | $1.1M | 0.9% | 3 | 0 |
| 32 | Chickasaw County | 3 | $255K | 0.9% | 0 | new |
| 33 | Copiah County | 3 | $804K | 0.9% | 4 | -1 |
| 34 | Monroe County | 3 | $5.8M | 0.9% | 5 | -2 |
| 35 | Warren County | 2 | — | 0.6% | 1 | +1 |
| 36 | Marshall County | 2 | — | 0.6% | 2 | 0 |
| 37 | Newton County | 2 | — | 0.6% | 1 | +1 |
| 38 | Jefferson Davis County | 2 | — | 0.6% | 3 | -1 |
| 39 | Winston County | 2 | — | 0.6% | 2 | 0 |
| 40 | Stone County | 2 | — | 0.6% | 0 | new |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2023 against FY2022
| Mississippi | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 329 | 289 |
| 7(a) dollars | $209M | $132M |
| Median 7(a) approval | $211K | $153K |
| 504 approvals | 7 | 4 |
| 504 dollars | $13.9M | $5.1M |
| Jobs supported, as reported | 3,276 | 2,947 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2023?
Peoples Bank (61), Community Bank of Mississippi (34), BankFirst Financial Services (26), Trustmark Bank (21), BankPlus (17). 60 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2023?
336: 329 under 7(a) worth $209M and 7 under 504 worth $13.9M.
Which Mississippi counties had the most SBA approvals in FY2023?
Madison County (32), Harrison County (26), Rankin County (25), Covington County (23), Hinds County (22).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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