How many SBA loans are approved in Mississippi?

7,052 SBA 7(a) and 504 loans totalling $2,972,462,900 have been approved for projects in Mississippi since fiscal year 2010, ranking it #36 among states and territories by dollars approved - 0.6% of all SBA lending nationally.

Which lenders make the most SBA loans in Mississippi?

By dollars approved in Mississippi, the most active lenders are Community Bank of Mississippi, First Financial Bank, Peoples Bank, Live Oak Banking Company, Trustmark Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.

What is the typical SBA loan size in Mississippi?

The median gross approval in Mississippi is $137,000, 24% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,200,000.

Do I need to use a lender based in Mississippi?

No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Mississippi, wherever they are headquartered.

SBA data · Mississippi

SBA lending in Mississippi

7,052 loans worth $2.97B have been approved for Mississippi projects since FY2010 - the #36 state by SBA dollars, 0.6% of the national total.

State rank

#36

by dollars approved

Approved

$2.97B

FY2010 onward

Loans

7,052

Median loan

$137,000

-24% vs national

Median 7(a) rate

6.00%

Jobs supported

64,628

Lender-reported

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Who lends here

The most active SBA lenders in Mississippi

Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.

National leaderboard

#	Lender	Approved in MS	Loans	Avg loan
1	Community Bank of Mississippi	$409.2M	1,062	$385,285
2	First Financial Bank	$249.5M	778	$320,686
3	Peoples Bank	$238.8M	746	$320,148
4	Live Oak Banking Company	$170.6M	117	$1,457,840
5	Trustmark Bank	$135.1M	835	$161,819
6	BankPlus	$129.3M	322	$401,700
7	Renasant Bank	$118.7M	231	$513,927
8	Three Rivers Local Development Company, Inc.	$109.8M	74	$1,483,554
9	The Huntington National Bank	$96.4M	243	$396,734
10	BankFirst Financial Services	$79.9M	197	$405,635
11	Southern AgCredit, FLCA	$52.8M	36	$1,467,658
12	Southern Bancorp Bank	$51.2M	40	$1,279,465

By sector in Mississippi

Most-financed industries

Industry	Loans	Share
Broilers and Other Meat Type Chicken Production	1,199
Chicken Egg Production	260
Full-Service Restaurants	230
Hotels (except Casino Hotels) and Motels	217
Other Poultry Production	186
Limited-Service Restaurants	166
Beef Cattle Ranching and Farming	159
General Freight Trucking, Local	154
General Freight Trucking, Long-Distance, Truckload	118
Child Care Services	103

Approvals by fiscal year

’10

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’14

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’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Gross approval dollars in Mississippi. The final bar is a partial fiscal year.

Loan sizes in Mississippi

Under $50K
26%
$50K - $150K
26%
$150K - $350K
18%
$350K - $1M
17%
$1M - $2M
8%
Over $2M
5%

SBA lending in Mississippi: common questions

How many SBA loans are approved in Mississippi?: 7,052 SBA 7(a) and 504 loans totalling $2,972,462,900 have been approved for projects in Mississippi since fiscal year 2010, ranking it #36 among states and territories by dollars approved - 0.6% of all SBA lending nationally.
Which lenders make the most SBA loans in Mississippi?: By dollars approved in Mississippi, the most active lenders are Community Bank of Mississippi, First Financial Bank, Peoples Bank, Live Oak Banking Company, Trustmark Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
What is the typical SBA loan size in Mississippi?: The median gross approval in Mississippi is $137,000, 24% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,200,000.
Do I need to use a lender based in Mississippi?: No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Mississippi, wherever they are headquartered.

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

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