Best SBA lenders
Best SBA lenders in Mississippi
The most active SBA lenders in Mississippi, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Community Bank of Mississippi leads with 1,055 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Mississippi
The full Mississippi ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its Mississippi lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Mississippi; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | 1,055 | $402.6M | $382K | 4.64% |
| 2 | Trustmark Bank | 827 | $130.3M | $158K | 4.96% |
| 3 | First Financial Bank | 776 | $245.8M | $317K | 5.03% |
| 4 | Peoples Bank | 741 | $237.1M | $320K | 5.53% |
| 5 | Covington County Bank | 531 | $39.3M | $74K | 0.19% |
| 6 | BankPlus | 315 | $125.7M | $399K | 3.49% |
| 7 | The Huntington National Bank | 241 | $96.1M | $399K | 3.73% |
| 8 | Renasant Bank | 230 | $116.3M | $506K | 6.09% |
| 9 | BankFirst Financial Services | 196 | $78.8M | $402K | 2.55% |
| 10 | Wells Fargo Bank National Association | 120 | $24.7M | $206K | 5.83% |
| 11 | Hancock Whitney Bank | 113 | $39.1M | $346K | 0.00% |
| 12 | Live Oak Banking Company | 107 | $156.3M | $1.5M | 2.80% |
| 13 | VelocitySBA, LLC | 98 | $1.0M | $10K | 14.29% |
| 14 | Northeast Bank | 86 | $12.8M | $148K | 2.33% |
| 15 | The Citizens Bank of Philadelphia | 82 | $15.3M | $186K | 4.88% |
| 16 | Three Rivers Local Development Company, Inc. | 74 | $109.8M | $1.5M | not reported |
| 17 | Columbia Bank | 71 | $14.4M | $203K | 12.68% |
| 18 | Celtic Bank Corporation | 70 | $36.6M | $523K | 17.14% |
| 19 | Newtek Bank, National Association | 69 | $21.8M | $315K | 0.00% |
| 20 | Regions Bank | 54 | $46.1M | $853K | 5.56% |
| 21 | Readycap Lending, LLC | 49 | $18.4M | $375K | 2.04% |
| 22 | BayFirst National Bank | 45 | $10.0M | $222K | 8.89% |
| 23 | The Citizens National Bank of Meridian | 43 | $12.8M | $299K | 2.33% |
| 24 | United Midwest Savings Bank National Association | 41 | $14.6M | $356K | 9.76% |
| 25 | Central Mississippi Development Company, Inc. | 40 | $46.9M | $1.2M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in Mississippi
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in Mississippi by each program's loans funded since FY2010:
- 1. Community Bank of Mississippi 1,055 loans
- 2. Trustmark Bank 827 loans
- 3. First Financial Bank 776 loans
- 4. Peoples Bank 741 loans
- 5. Covington County Bank 531 loans
Counts are each program's funded loans in Mississippi. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Mississippi
The 3 industries with the most SBA loans in Mississippi since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Agriculture, Forestry, Fishing | 2,006 | $901.9M | First Financial Bank (728 loans) |
| Accommodation and Food Services | 865 | $658.8M | Trustmark Bank (129 loans) |
| Retail Trade | 838 | $323.5M | Community Bank of Mississippi (122 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Mississippi.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Mississippi businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the Mississippi table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in Mississippi; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in Mississippi: frequently asked questions
Who is the most active SBA lender in Mississippi?
Community Bank of Mississippi is the most active SBA lender in Mississippi in the public record, with 1,055 7(a) and 504 loans funded since FY2010 ($402.6M in Mississippi). The ranking counts loans funded, never who pays us.
Do these lenders only serve Mississippi?
No. The ranking measures activity in Mississippi: loans funded to Mississippi businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their Mississippi lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in Mississippi?
52 lenders have funded at least 10 SBA loans in Mississippi since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in Mississippi. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/ms/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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