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:
Most active SBA banks near me in Mississippi
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Peoples Bank | Mendenhall, MS | 36 | $475,407 | 7.7% |
| 2 | Covington County Bank | Collins, MS | 36 | $57,508 | 7.2% |
| 3 | Community Bank of Mississippi | Forest, MS | 35 | $154,571 | 6.2% |
| 4 | Trustmark National Bank | Jackson, MS | 26 | $241,938 | 6.9% |
| 5 | BankPlus | Belzoni, MS | 24 | $367,350 | 6.4% |
| 6 | BancorpSouth Bank | Tupelo, MS | 14 | $238,657 | 6.4% |
| 7 | State Bank & Trust Company | Greenwood, MS | 10 | $104,720 | 6.8% |
| 8 | Wells Fargo | Sioux Falls, SD | 10 | $8,000 | 10.8% |
| 9 | First Financial Bank | El Dorado, AR | 9 | $731,111 | 7.0% |
| 10 | The First | Hattiesburg, MS | 9 | $446,244 | 5.8% |
| 11 | Live Oak | Wilmington, NC | 6 | $1,920,000 | 7.0% |
| 12 | Byline Bank | Chicago, IL | 6 | $665,833 | 8.3% |
| 13 | United Midwest Savings Bank | De Graff, OH | 6 | $125,000 | 8.3% |
| 14 | Regions Bank | Birmingham, AL | 5 | $1,083,600 | 7.0% |
| 15 | First Home Bank | Saint Petersburg, FL | 5 | $577,000 | 8.1% |
| 16 | Celtic Bank | Salt Lake City, UT | 5 | $197,320 | 8.5% |
| 17 | The Citizens Bank of Philadelphia | Philadelphia, MS | 5 | $163,600 | 6.6% |
| 18 | PriorityOne Bank | Magee, MS | 4 | $390,674 | 6.5% |
| 19 | Independence Bank | East Greenwich, RI | 3 | $133,333 | 4.6% |