SBA Lenders in Mississippi
Top lenders ranked by real SBA lending data. See who's most active in Mississippi across deal count, loan size, and pricing.
What Borrowers Should Know
Mississippi's median 7(a) spread of P+2.48% is 27 basis points below the national median of P+2.75%, meaning borrowers here pay measurably less in interest rates than the typical small business owner across the U.S. This pricing advantage likely reflects strong competition among the 114 active lenders and the dominance of community-focused banks like Community Bank of Mississippi (1,050 deals) that prioritize relationship lending over maximum margins.
The top three lenders control 64% of Mississippi's SBA market (2,352 of 3,765 deals), with Community Bank of Mississippi alone holding 28%. This concentration means your loan approval and terms may heavily depend on fit with one or two relationship-oriented institutions rather than true competitive choice. If rejected by a top lender, you'll face a thinner secondary market.
Mississippi's average deal size of $385,544 is substantially smaller than many states, suggesting the SBA program here serves primarily Main Street businesses rather than growth-stage companies. If you need capital above $500K, you may encounter fewer experienced lenders and potentially longer underwriting timelines as larger deals fall outside the typical lending pattern.
Total SBA Loans
3,766
Active Lenders
113
Avg Deal Size
$386K
Total Volume
$1.5B
Top 10 Lenders in Mississippi
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | Bank | 1,050 | $381K | P + 2.00%GOOD | |
| 2 | First Financial Bank | Bank | 774 | $315K | P + 2.27%AVERAGE | |
| 3 | Covington County Bank | Bank | 528 | $74K | P + 2.31%AVERAGE | |
| 4 | Renasant Bank | Bank | 223 | $490K | P + 2.02%GOOD | |
| 5 | Wells Fargo Bank National Association | Bank | 118 | $181K | P + 4.50%HIGH | |
| 6 | Hancock Whitney Bank | Bank | 106 | $345K | P + 2.38%AVERAGE | |
| 7 | VelocitySBA, LLC | Bank | 98 | $10K | P + 4.50%HIGH | |
| 8 | The Citizens Bank of Philadelphia | Bank | 81 | $188K | P + 2.13%GOOD | |
| 9 | Northeast Bank | Bank | 81 | $149K | P + 2.75%AVERAGE | |
| 10 | Columbia Bank | Bank | 70 | $205K | P + 4.25%HIGH |
Top Industries in Mississippi
SBA lending activity by industry segment.