Top SBA Lenders in Mississippi -

SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Mississippi seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Mississippi based on the number of loans, average loan amount, and average interest rates.

Mississippi Preferred SBA Lenders

Rank	Bank	Bank HQ	# of Loans	Avg Loan	Avg Interest
1	Peoples Bank	Mendenhall, MS	47	$348,209	6.9%
2	BankFirst Financial Services	Columbus, MS	40	$254,738	6.4%
3	Trustmark National Bank	Jackson, MS	28	$435,489	6.1%
4	Community Bank of Mississippi	Forest, MS	23	$684,239	5.5%
5	Covington County Bank	Collins, MS	22	$119,127	5.8%
6	The Huntington National Bank	Columbus, OH	9	$468,533	7.5%
7	United Midwest Savings Bank	De Graff, OH	8	$1,218,250	6.1%
8	BayFirst National Bank	Saint Petersburg, FL	7	$156,143	8.8%
9	BankPlus	Belzoni, MS	6	$706,100	6.5%
10	BancorpSouth Bank	Tupelo, MS	5	$546,380	6.2%
11	Celtic Bank	Salt Lake City, UT	5	$1,874,000	6.4%
12	Live Oak	Wilmington, NC	5	$993,000	6.3%
13	Newtek Small Business Finance	Lake Success, NY	5	$668,900	8.0%
14	Wells Fargo	Sioux Falls, SD	5	$14,400	10.8%
15	First Financial Bank	El Dorado, AR	4	$208,750	6.2%
16	Northeast Bank	Lewiston, ME	4	$23,100	7.1%
17	Renasant Bank	Tupelo, MS	4	$1,402,775	7.8%
18	Readycap Lending, LLC	Berkeley Heights, NJ	3	$133,333	9.8%
19	RiverHills Bank	Vicksburg, MS	3	$127,667	8.6%

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Top Industries for SBA loans in Mississippi

Rank	Industry	# of Loans	Avg Loan	Avg Interest
1	Broilers and Other Meat Type	18	$864,639	6.3%
2	Hotels (except Casino Hotels) and Motels	16	$2,368,163	6.2%
3	General Freight Trucking, Long Distance, Truckload	12	$115,042	6.9%
4	General Freight Trucking, Local	12	$121,833	7.0%
5	Full-Service Restaurants	11	$321,118	6.9%
6	Insurance Agencies and Brokerages	10	$567,750	6.9%
7	Limited-Service Restaurants	10	$295,620	6.1%
8	Other Poultry Production	8	$378,313	5.7%
9	Beef Cattle Ranching and Farming	6	$115,567	5.6%
10	Finfish Farming and Fish Hatcheries	6	$118,583	5.7%
11	Fitness and Recreational Sports Centers	6	$206,367	6.5%
12	Site Preparation Contractors	4	$54,350	6.2%
13	Chicken Egg Production	4	$1,211,175	5.9%
14	Janitorial Services	4	$182,325	8.1%
15	Logging	4	$103,325	5.5%
16	Offices of Optometrists	4	$643,500	5.9%
17	Automotive Body, Paint, and Interior Repair and Maintenance	3	$538,333	4.7%
18	Electrical Contractors	3	$190,900	5.8%
19	General Automotive Repair	3	$478,933	7.8%
20	Landscaping Services	3	$121,900	7.6%
21	Offices of Certified Public Accountants	3	$131,733	5.8%
22	Offices of Mental Health Practitioners (except Physicians)	3	$171,833	8.0%
23	Poultry Hatcheries	3	$862,333	6.1%
24	Snack and Nonalcoholic Beverage Bars	3	$347,500	6.4%

Top SBA Loan Franchises in Mississippi

Rank	FranchiseName	# of Loans	Avg Loan	Avg Interest
1	Red Roof Inn	3	$2,248,667	7.0%
2	Superior Fence and Rail	2	$150,000	6.0%
3	LOGAN FARMS HONEY GLAZED HAMS	2	$650,000	8.5%
4	Brick & Spoon	2	$532,450	6.4%
5	Mr. Transmission	2	$633,750	8.3%
6	Days Inn	2	$2,480,000	5.0%
7	LINE-X	2	$396,750	7.8%
8	Super 8	2	$3,795,000	8.0%

Top Mississippi SBA Loan Borrowers by Jobs Supported

Rank	Business	Location	Industry	Loan Size	Interest Rate	Jobs
1	MENDROP ENGINEERING RESOURCES	Ridgeland, MS	Engineering Services	$1M – $2.5M	7.5%	220
2	DEEP SOUTH FIRE TRUCKS INC	Collins, MS	Heavy Duty Truck Manufacturing	$250K or less	7.8%	140
3	GULF PRIDE PAVING LLC	Gulfport, MS	Asphalt Paving Mixture and Block Manufacturing	$1M – $2.5M	4.7%	126
4	BELHAVEN PASTA COMPANY LLC	Jackson, MS	Full-Service Restaurants	$250K – $500K	7.5%	118
5	LAW SECURITY GROUP LLC	Ridgeland, MS	Security Guards and Patrol Services	$250K or less	6.0%	74
6	DEEP SOUTH FIRE TRUCKS INC.	Seminary, MS		$250K – $500K	7.8%	70
7	SR HOSPITALITY LLC	Mccomb, MS	Hotels (except Casino Hotels) and Motels	$1M – $2.5M	5.0%	68
8	SHIVERS CONSTRUCTION CO LLC	Jackson, MS	Electrical Contractors	$250K – $500K	5.3%	56
9	FLY HIGH ENTERTAINMENT INC.	Biloxi, MS	Amusement and Theme Parks	$2.5M – $5M	8.8%	52
10	MEUCCI CUES LLC	Byhalia, MS	Sporting and Athletic Goods Manufacturing	$1M – $2.5M	7.8%	48
11	MANUEL ENTERPRISES LLC	Ridgeland, MS	Full-Service Restaurants	$250K or less	5.5%	44
12	BRICK AND SPOON GULFPORT LLC	Gulfport, MS	Full-Service Restaurants	$500K – $1M	6.4%	44
13	BEST BARGAIN FACTORY DIRECT FU	Amory, MS	Furniture Stores	$500K – $1M	1.8%	42
14	SHEPHERD HOSPICE LLC	Southaven, MS	Home Health Care Services	$2.5M – $5M	8.3%	42
15	GRITS AND SOME LLC	Laurel, MS	Limited-Service Restaurants	$250K or less	4.8%	40
16	LOGAN FARMS JACKSON LLC	Jackson, MS	Caterers	$500K – $1M	8.5%	40
17	THE BUZZARD’S ROOST BAR LLC	Laurel, MS	Drinking Places (Alcoholic Beverages)	$250K – $500K	5.9%	38
18	FLIGHTS FISH AND WINGS CORP	Horn Lake, MS	Full-Service Restaurants	$250K – $500K	9.0%	38
19	LVB7-A FOODS LLC	Ridgeland, MS	Full-Service Restaurants	$250K or less	7.0%	36
20	PONTOTOC CHICKEN LLC	Pontotoc, MS	Limited-Service Restaurants	$250K – $500K	5.3%	34
21	ELLIOTT’S INC.	Hattiesburg, MS	Limited-Service Restaurants	$250K or less	5.5%	32
22	SWEET INVESTMENTS LLC	Brandon, MS	Snack and Nonalcoholic Beverage Bars	$500K – $1M	7.8%	30
23	GILLCO INC	Starkville, MS	Janitorial Services	$500K – $1M	5.8%	26
24	PARIS ACE OCEAN SPRINGS INC.	Ocean Springs, MS		$1M – $2.5M	6.3%	25
25	BSK HOTELS LLC	Columbus, MS	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	7.3%	25
26	PEARLS DINER LLC	Laurel, MS	Full-Service Restaurants	$250K or less	4.5%	22
27	WBF RAINBOW LEARNING CENTER L	Jackson, MS	Child Day Care Services	$250K – $500K	5.3%	22
28	KEVIN ENTERPRISES LLC	Pearl, MS	Motor Vehicle Supplies and New Parts Merchant Wholesalers	$250K – $500K	7.8%	22
29	MS TIRE RECYCLING LLC	Jackson, MS	Recyclable Material Merchant Wholesalers	$1M – $2.5M	6.0%	22
30	COLLECTIVE GOOD LLC	Jackson, MS	Snack and Nonalcoholic Beverage Bars	$250K – $500K	6.5%	20
31	J5 EATZ LLC	Brandon, MS	Limited-Service Restaurants	$250K – $500K	5.8%	20
32	QUICK FILL 3 LLC	Canton, MS	Gasoline Stations with Convenience Stores	$500K – $1M	4.8%	20
33	HSVC 2 LLC	Jackson, MS	Offices of Optometrists	$1M – $2.5M	6.0%	20
34	KSAMA 9 LLC	Jackson, MS	Hotels (except Casino Hotels) and Motels	$1M – $2.5M	5.5%	19
35	BEAGLE BAGLE LLC	Madison, MS	Full-Service Restaurants	$250K or less	7.0%	18
36	NY PIZZA LLC	Gautier, MS	Limited-Service Restaurants	$250K – $500K	6.8%	18
37	PDK CONTRACTORS LLC	Ridgeland, MS	Tile and Terrazzo Contractors	$250K or less	8.5%	17
38	C&M TIRE & LUBE LLC	Collins, MS		$1M – $2.5M	5.5%	17
39	BAILEY AGENCY INC.	Flowood, MS	Insurance Agencies and Brokerages	$250K – $500K	9.0%	16
40	BULLDOG CARRIERS INC.	Greenville, MS	Solid Waste Collection	$250K – $500K	5.8%	16
41	ARCH MANAGEMENT STRATEGIES INC	Ridgeland, MS	Administrative Management and General Management Consulting Services	$250K or less	8.3%	15
42	UNCLE AL POBOYS LLC	Hattiesburg, MS	Limited-Service Restaurants	$250K – $500K	7.3%	15
43	DENNIS MOSLEY EQUIPMENT SERVIC	Lauderdale, MS	Commercial and Industrial Machinery and Equipment (except Automotive a	$1M – $2.5M	8.3%	15
44	SOUTHERN HOTELS LLC	Pearl, MS	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	5.5%	15
45	STILL WATERS HEALTH AND WELLNE	Georgetown, MS	Limited-Service Restaurants	$250K or less	6.9%	14
46	HALCYON AESTHETICS LLC	Tupelo, MS	Beauty Salons	$250K or less	9.5%	14
47	SWEAT IT OFF II LLC	Picayune, MS	Fitness and Recreational Sports Centers	$250K – $500K	6.3%	14
48	INKK CULTURE TATTOO LLC	Jackson, MS	Other Personal Care Services	$250K – $500K	6.3%	14
49	COOPER COMMERCIAL ENTERPRISES	Jackson, MS	General Automotive Repair	$500K – $1M	8.3%	14
50	SHREEJI HOTELS LLC	Gulfport, MS	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	8.0%	14
51	TRIPLE J PROJECT LLC	Louisville, MS	Household Appliance Stores	$250K or less	5.3%	13
52	H & P GLOBAL INC	Olive Branch, MS	General Freight Trucking, Long Distance, Truckload	$250K – $500K	8.3%	13
53	TL TRANUM INCORPORATED	Luka, MS	Limited-Service Restaurants	$500K – $1M	6.8%	13
54	COLSON TIMBER CO LLC	Mendenhall, MS	General Freight Trucking, Local	$250K or less	8.4%	12
55	NOBLE LIVINGSTON BARBER LLC	Flora, MS	Barber Shops	$250K or less	9.0%	12
56	KLM FITNESS LLC	Madison, MS	Fitness and Recreational Sports Centers	$250K – $500K	5.0%	12
57	KRISEAN HOSPITALITY LLC	Brandon, MS	Hotels (except Casino Hotels) and Motels	$1M – $2.5M	7.5%	12
58	SMITH’S BARBECUE & CAJUN CUISI	Greenville, MS	Full-Service Restaurants	$250K – $500K	9.0%	11
59	NAVAGIS INC.	Jackson, MS	Custom Computer Programming Services	$1M – $2.5M	6.8%	11
60	MARS HOSPITALITY LLC	Robinsonville, MS	Hotels (except Casino Hotels) and Motels	$1M – $2.5M	6.0%	11

Note about SBA lenders near me in Mississippi

When it comes to top Mississippi SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Mississippi preferred lender list, 2) approved lenders in Mississippi, or 3) active participants in the Mississippi SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Mississippi swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Mississippi, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.

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