Top SBA Lenders – SBA Loans Mississippi

Last annual update: Feb 18, 2022

 

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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 lenders in Mississippi

MS RankMississippi BankBank HQs# of MS LoansAvg InterestAvg MS Loan
1Peoples BankMendenhall, MS935.7%$280,544
2Community Bank of MississippiForest, MS534.9%$378,621
3Trustmark National BankJackson, MS364.3%$234,300
4United Midwest Savings BankDe Graff, OH146.0%$168,571
5BankPlusBelzoni, MS134.4%$700,923
6Renasant BankTupelo, MS114.3%$1,398,245
7First Financial BankEl Dorado, AR115.0%$276,273
8Live OakWilmington, NC105.2%$894,700
9Wells FargoSioux Falls, SD97.5%$94,922
10Covington County BankCollins, MS85.1%$187,800

 

SBA loans – Mississippi

A note about these Mississippi SBA lenders – People frequently ask us if one of the banks above is 1) on the Mississippi preferred lender list 2) an approved lender in Mississippi, or 3) participating in the Mississippi SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Mississippi and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Mississippi. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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