1,578 SBA loans worth $940.7M went to Mississippi businesses between October 2021 and June 2026, from 114 lenders. Peoples Bank made the most 7(a) loans, 224 or 14% of the state's total, and the ten most active lenders made 61%. The median 7(a) loan was $200,000, above the national median of $158,000. Agriculture, forestry and fishing was the most financed industry, at 16% of loans. Annual loan count rose 6% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Peoples Bank Bank · Mendenhall, MS | 224 | $72.7M | $126,750 | 42% | Transportation and warehousing |
| 2 | Community Bank of Mississippi Bank · Flowood, MS | 130 | $57.6M | $232,350 | 51% | Agriculture, forestry and fishing |
| 3 | Trustmark Bank Bank · Jackson, MS | 114 | $29.3M | $106,850 | 66% | Agriculture, forestry and fishing |
| 4 | BankFirst Financial Services Bank · Columbus, MS | 107 | $37.9M | $150,000 | 32% | Restaurants and hotels |
| 5 | Northeast Bank Bank · Portland, ME | 83 | $9.7M | $93,900 | 17% | Construction |
| 6 | Newtek Bank Bank · Miami, FL | 75 | $22.8M | $150,000 | 12% | Health care and social assistance |
| 7 | Huntington National Bank Bank · Columbus, OH | 66 | $44.7M | $353,500 | 58% | Restaurants and hotels |
| 8 | Covington County Bank Bank · Collins, MS | 52 | $5.8M | $58,500 | 40% | Agriculture, forestry and fishing |
| 9 | Live Oak Banking Bank · Wilmington, NC | 51 | $79.8M | $1,097,100 | 39% | Agriculture, forestry and fishing |
| 10 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 41 | $9.9M | $50,000 | 20% | Retail |
| 11 | BankPlus Bank · Belzoni, MS | 39 | $28.3M | $599,000 | 26% | Agriculture, forestry and fishing |
| 12 | Hancock Whitney Bank Bank · Gulfport, MS | 38 | $18.5M | $354,500 | 45% | Other services (repair, personal care) |
| 13 | First Financial Bank Bank · El Dorado, AR | 37 | $33.2M | $645,000 | 32% | Agriculture, forestry and fishing |
| 14 | Citizens National Bank of Meridian Bank · Meridian, MS | 37 | $10.9M | $149,800 | 65% | Restaurants and hotels |
| 15 | Wells Fargo Bank Bank · Sioux Falls, SD | 35 | $11.0M | $20,000 | 86% | Administrative and support services |
| 16 | BayFirst National Bank Bank · St. Petersburg, FL | 32 | $5.8M | $150,000 | 3% | Retail |
| 17 | Southern Bancorp Bank Bank · Arkadelphia, AR | 31 | $39.6M | $680,000 | 84% | Agriculture, forestry and fishing |
| 18 | Renasant Bank Bank · Tupelo, MS | 24 | $33.5M | $528,250 | 62% | Agriculture, forestry and fishing |
| 19 | United Midwest Savings Bank Bank · Degraff, OH | 22 | $9.4M | $150,000 | 73% | Construction |
| 20 | Celtic Bank Bank · Salt Lake City, UT | 20 | $26.4M | $242,000 | 30% | Retail |
| 21 | First Bank of the Lake Bank · Osage Beach, MO | 18 | $14.1M | $336,800 | 56% | Manufacturing |
| 22 | GBank Bank · Las Vegas, NV | 15 | $40.1M | $2,062,000 | 7% | Restaurants and hotels |
| 23 | Merchants & Marine Bank Bank · Pascagoula, MS | 15 | $5.6M | $251,600 | 33% | Retail |
| 24 | Byline Bank Bank · Chicago, IL | 13 | $15.9M | $643,000 | 31% | Retail |
| 25 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 12 | $5.4M | $300,300 | 33% | Other services (repair, personal care) |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Three Rivers Local Development Company Pontotoc, MS | 22 | $42.5M | $1,187,000 |
| 2 | Central Mississippi Development Company Jackson, MS | 5 | $10.0M | $1,593,000 |
| 3 | Southern Development Council Mountain Brook, AL | 4 | $6.7M | $1,046,000 |
| 4 | Brightbridge Chattanooga, TN | 1 | $1.4M | $1,433,000 |
| 5 | JEDCO Development Avondale, LA | 1 | $861K | $861,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Agriculture, forestry and fishing | 254 | $644,000 | Community Bank of Mississippi | |
| Restaurants and hotels | 224 | $495,850 | BankFirst Financial Services | |
| Retail | 175 | $176,000 | Peoples Bank | |
| Transportation and warehousing | 142 | $105,100 | Peoples Bank | |
| Health care and social assistance | 132 | $267,650 | Community Bank of Mississippi | |
| Other services (repair, personal care) | 130 | $150,000 | Peoples Bank | |
| Construction | 115 | $140,000 | Peoples Bank | |
| Administrative and support services | 89 | $150,000 | Peoples Bank | |
| Professional and technical services | 76 | $126,350 | Northeast Bank | |
| Manufacturing | 57 | $478,000 | Peoples Bank | |
| Finance and insurance | 51 | $192,900 | Newtek Bank | |
| Arts, entertainment and recreation | 46 | $292,500 | Peoples Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Jackson | 84 | $53.0M | $288,150 | Peoples Bank |
| Collins | 57 | $22.3M | $101,000 | Peoples Bank |
| Ridgeland | 53 | $18.7M | $192,000 | Community Bank of Mississippi |
| Gulfport | 51 | $31.3M | $262,000 | Huntington National Bank |
| Hattiesburg | 48 | $22.6M | $200,500 | Hancock Whitney Bank |
| Madison | 46 | $11.7M | $150,000 | Trustmark Bank |
| Brandon | 44 | $23.7M | $149,200 | Community Bank of Mississippi |
| Biloxi | 42 | $37.5M | $337,500 | Community Bank of Mississippi |
| Mendenhall | 38 | $11.4M | $75,000 | Peoples Bank |
| Oxford | 34 | $13.6M | $189,900 | BankFirst Financial Services |
| Flowood | 31 | $10.5M | $150,000 | Trustmark Bank |
| Columbus | 31 | $31.4M | $208,200 | BankFirst Financial Services |
| Olive Branch | 31 | $33.5M | $350,000 | Community Bank of Mississippi |
| Southaven | 30 | $23.9M | $292,750 | First Bank of the Lake |
| Laurel | 30 | $24.5M | $383,500 | Trustmark Bank |
17 Mississippi cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.