apply for a Mississippi SBA Loan
Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
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 | 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% |
apply for a Mississippi SBA Loan