Mississippi SBA Loan Data
15,993 loans totaling $4.9B across all SBA programs.
Total Loans
15,993
1991–2025
Total Volume
$4.9B
Gross approval amount
Avg Loan Size
$303K
Median: $107K
Avg Interest Rate
6.68%
Default rate: 13.2%
Mississippi Loan Status
Active11.9%
Paid in Full64.3%
Charged Off11.6%
Cancelled11.4%
Committed0.6%
Download State Data
Get the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
Mississippi Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in Mississippi
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| First Financial Bank | 1,790 | $588.6M | $329K | 6.19% | 10.5% |
| Community Bank of Mississippi | 1,654 | $550.6M | $333K | 5.88% | 9.1% |
| Trustmark Bank | 2,737 | $361.1M | $132K | 5.95% | 9.8% |
| Peoples Bank | 1,078 | $334.9M | $311K | 7.25% | 9.2% |
| Regions Bank | 728 | $190.3M | $261K | 6.85% | 12.4% |
| BankPlus | 500 | $159.2M | $318K | 6.06% | 11.0% |
| Live Oak Banking Company | 104 | $154.3M | $1.5M | 6.77% | 3.1% |
| Cadence Bank | 674 | $138.3M | $205K | 6.25% | 10.4% |
| Renasant Bank | 357 | $129.9M | $364K | 5.86% | 14.0% |
| Hancock Whitney Bank | 684 | $119.4M | $174K | 6.79% | 9.5% |
| BankFirst Financial Services | 244 | $89.5M | $367K | 7.02% | 6.1% |
| Business Loan Center, LLC | 298 | $87.2M | $293K | N/A | 61.0% |
| Readycap Lending, LLC | 146 | $70.6M | $484K | 11.72% | 23.1% |
| Southern AgCredit, FLCA | 37 | $53.7M | $1.5M | 6.52% | 0.0% |
| Covington County Bank | 570 | $48.3M | $85K | 6.63% | 0.9% |
| Southern Bancorp Bank | 36 | $41.0M | $1.1M | 7.34% | 0.0% |
| Citizens Bank | 64 | $39.7M | $621K | 5.81% | 3.4% |
| GBank | 15 | $36.6M | $2.4M | 7.98% | 0.0% |
| Byline Bank | 28 | $35.4M | $1.3M | 8.58% | 9.1% |
| BIZCapital BIDCO II, LLC | 20 | $34.2M | $1.7M | 4.78% | 10.5% |
| Wells Fargo Bank National Association | 165 | $33.8M | $205K | 9.31% | 11.6% |
| Celtic Bank Corporation | 68 | $32.9M | $484K | 7.40% | 23.2% |
| Guaranty Bank and Trust Company | 106 | $30.4M | $287K | 6.19% | 14.3% |
| GE Capital Small Business Finance Corporation | 51 | $28.8M | $564K | N/A | 23.1% |
| First Bank of the Lake | 22 | $28.6M | $1.3M | 8.86% | 0.0% |
Top Counties in Mississippi
| County | Loans | Volume▼ |
|---|---|---|
| Harrison → | 1,117 | $406.1M |
| Rankin → | 1,218 | $318.1M |
| Hinds → | 1,442 | $314.0M |
| Desoto → | 549 | $255.8M |
| Leake → | 667 | $217.8M |
| Madison → | 839 | $207.3M |
| Covington → | 935 | $203.9M |
| Jones → | 533 | $198.3M |
| Jackson → | 527 | $173.7M |
| Scott → | 402 | $157.7M |
| Simpson → | 629 | $144.2M |
| Neshoba → | 387 | $140.7M |
| Lee → | 349 | $110.7M |
| Forrest → | 425 | $100.5M |
| Lowndes → | 201 | $97.2M |
| Lauderdale → | 180 | $81.1M |
| Wayne → | 138 | $75.8M |
| Pike → | 214 | $74.0M |
| Lincoln → | 295 | $72.5M |
| Smith → | 295 | $70.2M |
| Copiah → | 231 | $69.1M |
| Lawrence → | 193 | $68.9M |
| Newton → | 201 | $65.3M |
| Warren → | 154 | $58.4M |
| Lamar → | 208 | $56.3M |
Showing 1–25 of 30
Running a business in Mississippi with an SBA loan?
Mazeka Labs helps SBA operators save money, build systems, and connect with peers who understand the journey. Members save an average of $5,000+/year on refinancing alone.
Learn about the community →