STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
528
2010–2026
Total Volume
$39M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a)
528 total segments
Covington County Bank is a 7(a)-only lender, focusing heavily on existing businesses, which make up 77% of their deals. This could be beneficial if you're looking to purchase an established business rather than starting from scratch.
With an average 7(a) spread of P+2.13%, Covington County Bank offers competitive pricing compared to the national median of P+2.75%. This could mean lower overall costs for your loan.
The bank has seen a significant decline in their lending activity, with a 36% decrease in deals year-over-year. This trend may indicate stricter lending criteria, so be prepared for a potentially more challenging approval process.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes.
States where Covington County Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Agriculture & Forestry
Agriculture & Forestry
Specialty Trade Contractors
Construction
Transportation & Warehousing
Transportation & Warehousing
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Heavy & Civil Engineering
Construction
Accounting & Tax
Professional Services
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Covington County Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Mississippi · Agriculture & Forestry · Under $150K | 7(a) | 175 | P+2.50% | $45K | Q4 2025 |
| Mississippi · Specialty Trade Contractors · Under $150K | 7(a) | 56 | P+3.25% | $42K | Q1 2022 |
| Mississippi · Transportation & Warehousing · Under $150K | 7(a) | 54 | P+3.50% | $27K | Q4 2024 |
| Mississippi · Agriculture & Forestry · $150K – $350K | 7(a) | 38 | P+1.75% | $249K | Q1 2024 |
| Mississippi · Administrative & Waste Services · Under $150K | 7(a) | 16 | P+3.25% | $17K | Q1 2020 |
| Mississippi · Manufacturing · Under $150K | 7(a) | 15 | P+4.00% | $47K | Q2 2020 |
| Mississippi · Heavy & Civil Engineering · Under $150K | 7(a) | 13 | P+3.25% | $27K | Q2 2020 |
| Mississippi · Retail Trade · Under $150K | 7(a) | 12 | P+3.13% | $26K | Q2 2016 |
| Mississippi · Accounting & Tax · Under $150K | 7(a) | 12 | P+2.38% | $47K | Q1 2023 |
| Mississippi · General Merchandise · Under $150K | 7(a) | 10 | P+3.50% | $25K | Q3 2018 |
| Mississippi · Restaurants & Food Service · Under $150K | 7(a) | 9 | P+3.75% | $72K | Q1 2013 |
| Mississippi · Real Estate · Under $150K | 7(a) | 9 | P+2.25% | $60K | Q2 2019 |
| Mississippi · Food & Beverage Stores · Under $150K | 7(a) | 8 | P+3.25% | $30K | Q4 2016 |
| Mississippi · Wholesale Trade · Under $150K | 7(a) | 8 | P+3.38% | $16K | Q1 2019 |
| Mississippi · Personal Care (Salons, Spas) · Under $150K | 7(a) | 8 | P+2.25% | $32K | Q2 2025 |
| Mississippi · Building Construction · Under $150K | 7(a) | 7 | P+3.00% | $47K | Q2 2020 |
| Mississippi · Arts, Entertainment & Recreation · Under $150K | 7(a) | 7 | P+2.75% | $62K | Q3 2016 |
| Mississippi · Auto Dealers & Parts · Under $150K | 7(a) | 7 | P+2.75% | $61K | Q3 2022 |
| Mississippi · Physician & Dental Offices · Under $150K | 7(a) | 5 | P+3.00% | $79K | Q2 2022 |
| Mississippi · Miscellaneous Retail · Under $150K | 7(a) | 5 | P+0.50% | $32K | Q2 2023 |
| Mississippi · Laundry & Dry Cleaning · Under $150K | 7(a) | 5 | P+1.50% | $85K | Q1 2014 |
| Mississippi · Mining & Oil/Gas · Under $150K | 7(a) | 5 | P+3.75% | $30K | Q2 2017 |
| Mississippi · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+3.75% | $182K | Q2 2021 |
| Mississippi · Finance & Insurance · Under $150K | 7(a) | 4 | P+3.50% | $18K | Q3 2015 |
| Mississippi · Auto Repair & Maintenance · Under $150K | 7(a) | 4 | P+2.50% | $30K | Q2 2020 |
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