States › Mississippi › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Mississippi, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 355 loans in Mississippi: 347 under 7(a) and 8 under 504, worth $207M.
That is about level with FY2024, when there were 368 approvals worth $185M.
Mississippi accounted for 0.4% of the 84,840 approvals nationwide that year. 48 lenders had at least one approval in the state; Northeast Bank had the most, 38.
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 FY2025, of 48 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 7(a) | 38 | $4.6M | 10.7% | 20 | +18 |
| 2 | Peoples Bank | 7(a) | 37 | $9.3M | 10.4% | 55 | -18 |
| 3 | Community Bank of Mississippi | 7(a) | 33 | $11.5M | 9.3% | 24 | +9 |
| 4 | Newtek Bank, National Association | 7(a) | 28 | $8.4M | 7.9% | 22 | +6 |
| 5 | Live Oak Banking Company | 7(a) | 22 | $30.6M | 6.2% | 3 | +19 |
| 6 | Trustmark Bank | 7(a) | 20 | $2.6M | 5.6% | 27 | -7 |
| 7 | The Huntington National Bank | 7(a) | 19 | $23.2M | 5.4% | 14 | +5 |
| 8 | The Citizens National Bank of Meridian | 7(a) | 19 | $4.4M | 5.4% | 0 | new |
| 9 | Readycap Lending, LLC | 7(a) | 11 | $1.4M | 3.1% | 21 | -10 |
| 10 | First Bank of the Lake | 7(a) | 10 | $7.6M | 2.8% | 2 | +8 |
| 11 | Renasant Bank | 7(a) | 9 | $11.8M | 2.5% | 3 | +6 |
| 12 | First Financial Bank | 7(a) | 9 | $10.1M | 2.5% | 6 | +3 |
| 13 | Southern Bancorp Bank | 7(a) | 9 | $8.1M | 2.5% | 7 | +2 |
| 14 | Lendistry SBLC, LLC | 7(a) | 9 | $2.0M | 2.5% | 1 | +8 |
| 15 | BankFirst Financial Services | 7(a) | 9 | $1.4M | 2.5% | 24 | -15 |
| 16 | Hancock Whitney Bank | 7(a) | 8 | $3.5M | 2.3% | 10 | -2 |
| 17 | Three Rivers Local Development Company, Inc. | 504 | 6 | $12.2M | 1.7% | 6 | 0 |
| 18 | United Midwest Savings Bank National Association | 7(a) | 5 | $1.4M | 1.4% | 3 | +2 |
| 19 | GBank | 7(a) | 4 | $8.9M | 1.1% | 5 | -1 |
| 20 | Regions Bank | 7(a) | 4 | $3.9M | 1.1% | 3 | +1 |
| 21 | Wells Fargo Bank National Association | 7(a) | 4 | $2.6M | 1.1% | 12 | -8 |
| 22 | Byline Bank | 7(a) | 4 | $1.6M | 1.1% | 3 | +1 |
| 23 | Bank Five Nine | 7(a) | 3 | $2.6M | 0.8% | 2 | +1 |
| 24 | Covington County Bank | 7(a) | 3 | $163K | 0.8% | 11 | -8 |
| 25 | American Bank | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 26 | Southern AgCredit, FLCA | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 27 | Stone Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 28 | Commonwealth Business Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 29 | Gulf Coast Bank and Trust Company | 7(a) | 2 | — | 0.6% | 0 | new |
| 30 | Merchants & Marine Bank | 7(a) | 2 | — | 0.6% | 9 | -7 |
| 31 | Planters Bank and Trust Company | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 32 | Celtic Bank Corporation | 7(a) | 2 | — | 0.6% | 5 | -3 |
| 33 | Pinnacle Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 34 | Central Mississippi Development Company, Inc. | 504 | 1 | — | 0.3% | 2 | -1 |
| 35 | US Metro Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | JEDCO Development Corporation | 504 | 1 | — | 0.3% | 0 | new |
| 37 | Seacoast National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | TowneBank | 7(a) | 1 | — | 0.3% | 0 | new |
| 39 | Oconee State Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Guaranty Bank and Trust Company | 7(a) | 1 | — | 0.3% | 2 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Rankin County | 35 | $18.1M | 9.9% | 25 | +10 |
| 2 | Harrison County | 28 | $19.9M | 7.9% | 30 | -2 |
| 3 | Madison County | 26 | $5.7M | 7.3% | 20 | +6 |
| 4 | DeSoto County | 24 | $35.0M | 6.8% | 25 | -1 |
| 5 | Hinds County | 21 | $11.0M | 5.9% | 27 | -6 |
| 6 | Simpson County | 16 | $9.8M | 4.5% | 19 | -3 |
| 7 | Forrest County | 13 | $7.2M | 3.7% | 11 | +2 |
| 8 | Lafayette County | 13 | $4.4M | 3.7% | 11 | +2 |
| 9 | Lowndes County | 11 | $8.9M | 3.1% | 6 | +5 |
| 10 | Jones County | 10 | $5.4M | 2.8% | 11 | -1 |
| 11 | Jackson County | 10 | $5.1M | 2.8% | 22 | -12 |
| 12 | Smith County | 9 | $2.6M | 2.5% | 9 | 0 |
| 13 | Scott County | 9 | $11.0M | 2.5% | 6 | +3 |
| 14 | Washington County | 9 | $3.6M | 2.5% | 4 | +5 |
| 15 | Lee County | 8 | $2.5M | 2.3% | 6 | +2 |
| 16 | Lamar County | 7 | $3.9M | 2.0% | 7 | 0 |
| 17 | Oktibbeha County | 6 | $1.1M | 1.7% | 2 | +4 |
| 18 | Covington County | 6 | $1.2M | 1.7% | 20 | -14 |
| 19 | Hancock County | 6 | $1.2M | 1.7% | 7 | -1 |
| 20 | Warren County | 5 | $1.2M | 1.4% | 0 | new |
| 21 | Lauderdale County | 5 | $340K | 1.4% | 11 | -6 |
| 22 | Copiah County | 5 | $4.7M | 1.4% | 7 | -2 |
| 23 | Lincoln County | 4 | $2.1M | 1.1% | 4 | 0 |
| 24 | Neshoba County | 4 | $5.1M | 1.1% | 3 | +1 |
| 25 | Pike County | 4 | $1.4M | 1.1% | 2 | +2 |
| 26 | Clarke County | 4 | $876K | 1.1% | 1 | +3 |
| 27 | Pearl River County | 4 | $1.2M | 1.1% | 2 | +2 |
| 28 | Union County | 4 | $446K | 1.1% | 1 | +3 |
| 29 | Greene County | 4 | $8.4M | 1.1% | 0 | new |
| 30 | Adams County | 4 | $979K | 1.1% | 1 | +3 |
| 31 | Tippah County | 4 | $5.7M | 1.1% | 0 | new |
| 32 | Leake County | 3 | $1.3M | 0.8% | 2 | +1 |
| 33 | Bolivar County | 3 | $1.1M | 0.8% | 2 | +1 |
| 34 | Newton County | 3 | $3.4M | 0.8% | 3 | 0 |
| 35 | Chickasaw County | 3 | $288K | 0.8% | 2 | +1 |
| 36 | Sunflower County | 2 | — | 0.6% | 1 | +1 |
| 37 | Grenada County | 2 | — | 0.6% | 0 | new |
| 38 | Marion County | 2 | — | 0.6% | 3 | -1 |
| 39 | Wayne County | 2 | — | 0.6% | 5 | -3 |
| 40 | Pontotoc County | 2 | — | 0.6% | 0 | new |
The 40 counties with the most approvals; every county is on the Mississippi page.
FY2025 against FY2024
| Mississippi | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 347 | 358 |
| 7(a) dollars | $192M | $166M |
| Median 7(a) approval | $200K | $150K |
| 504 approvals | 8 | 10 |
| 504 dollars | $14.4M | $19.0M |
| Jobs supported, as reported | 3,562 | 3,519 |
Questions and answers
Which lenders made the most SBA loans in Mississippi in FY2025?
Northeast Bank (38), Peoples Bank (37), Community Bank of Mississippi (33), Newtek Bank, National Association (28), Live Oak Banking Company (22). 48 lenders had at least one approval.
How many SBA loans were approved in Mississippi in FY2025?
355: 347 under 7(a) worth $192M and 8 under 504 worth $14.4M.
Which Mississippi counties had the most SBA approvals in FY2025?
Rankin County (35), Harrison County (28), Madison County (26), DeSoto County (24), Hinds County (21).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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