Last annual update:
Mississippi-based banks were among the largest lenders to “The Magnolia State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in Mississippi:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Trustmark National Bank | Jackson, MS | 51 | $102,845 | 6.7% |
| 2 | Covington County Bank | Collins, MS | 50 | $57,008 | 7.1% |
| 3 | Community Bank of Mississippi | Forest, MS | 38 | $278,517 | 5.7% |
| 4 | First Financial Bank | El Dorado, AR | 26 | $398,619 | 6.5% |
| 5 | Peoples Bank | Mendenhall, MS | 18 | $387,489 | 7.2% |
| 6 | BankPlus | Belzoni, MS | 16 | $423,244 | 6.3% |
| 7 | BancorpSouth Bank | Tupelo, MS | 15 | $370,560 | 5.7% |
| 8 | The Citizens Bank of Philadelphia | Philadelphia, MS | 13 | $390,531 | 6.5% |
| 9 | Independence Bank | East Greenwich, RI | 11 | $109,091 | 7.2% |
| 10 | Charter Bank | Biloxi, MS | 9 | $77,456 | 6.9% |
| 11 | State Bank & Trust Company | Greenwood, MS | 7 | $106,257 | 5.6% |
| 12 | Live Oak | Wilmington, NC | 6 | $1,229,250 | 6.1% |
| 13 | Wells Fargo | Sioux Falls, SD | 6 | $238,483 | 9.4% |
| 14 | Celtic Bank | Salt Lake City, UT | 5 | $507,400 | 7.5% |
| 15 | The First | Hattiesburg, MS | 5 | $643,960 | 5.9% |