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 | $73,896 | 5.8% |
| 2 | BankPlus | Belzoni, MS | 48 | $435,777 | 6.2% |
| 3 | First Financial Bank | El Dorado, AR | 42 | $293,874 | 5.8% |
| 4 | Covington County Bank | Collins, MS | 40 | $66,495 | 6.5% |
| 5 | Community Bank of Mississippi | Forest, MS | 28 | $129,450 | 5.5% |
| 6 | BancorpSouth Bank | Tupelo, MS | 23 | $291,535 | 5.3% |
| 7 | The Citizens Bank of Philadelphia | Philadelphia, MS | 21 | $233,338 | 6.4% |
| 8 | Peoples Bank | Mendenhall, MS | 17 | $377,359 | 6.7% |
| 9 | Community Bank, Coast | Biloxi, MS | 13 | $115,008 | 5.7% |
| 10 | Community Bank | Ellisville, MS | 13 | $374,169 | 5.1% |