Top SBA Acquisition Lenders in Mississippi
15 active SBA 7(a) lenders in Mississippi, ranked by acquisition loan count.
Lenders
in Mississippi
Total Volume
Median Rate
Median Loan Size
Top Lenders in Mississippi
Lending by Industry in Mississippi
Covers the 17 of 42 Mississippi loans that the FOIA dataset reports at the state and industry level.
Top 15 Lenders in Mississippi
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 6 | $5.1M | P+1.50% | 1.3% |
| 2 | First Financial Bank | 6 | $9.2M | P+1.63% | 1.0% |
| 3 | GBank | 5 | $17.5M | P+1.00% | 0.6% |
| 4 | Trustmark National Bank | 4 | $2.2M | P+0.00% | 2.6% |
| 5 | US Metro Bank | 3 | $3.0M | P+1.25% | 0.0% |
| 6 | Community Bank of Mississippi | 3 | $733K | P+1.00% | 0.0% |
| 7 | The Citizens National Bank of Meridian | 2 | $257K | P+2.88% | 0.0% |
| 8 | Pinnacle Bank | 2 | $4.3M | P+2.25% | 3.7% |
| 9 | Cadence Bank | 2 | $5.6M | P+2.50% | 2.8% |
| 10 | The Huntington National Bank | 2 | $5.6M | P+2.25% | 1.8% |
| 11 | Southern Bancorp Bank | 2 | $1.5M | P+0.50% | 0.0% |
| 12 | First State Bank | 2 | $400K | P+0.00% | 0.0% |
| 13 | Hancock Whitney Bank | 1 | $178K | P+2.50% | 2.4% |
| 14 | U.S. Bank, National Association | 1 | $289K | P+0.88% | 2.5% |
| 15 | Byline Bank | 1 | $795K | P+2.75% | 1.8% |
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Customize your search →SBA 7(a) Lending in Mississippi
Mississippi has 15 active SBA 7(a) acquisition lenders that have originated a combined 42 loans totaling $56.7M in volume. The median acquisition loan size in Mississippi is $795K, with a median interest rate of Prime + 1.63% (Prime + spread).
When evaluating SBA lenders in Mississippi, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Mississippi?
There are currently 15 active SBA 7(a) lenders in Mississippi based on FOIA lending data. These lenders have originated 42 acquisition loans.
What is the typical SBA loan rate in Mississippi?
The median SBA 7(a) acquisition loan rate in Mississippi is Prime + 1.63% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.