Searching for trusted Mississippi SBA lenders to power your business growth? Our comprehensive directory connects Mississippi entrepreneurs with approved SBA loan providers throughout Jackson, Gulfport, Biloxi, Hattiesburg and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for Mississippi businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your Mississippi small business thrive in the Magnolia State’s evolving economic landscape.
| Lender Name | City | State |
|---|---|---|
| The Cleveland State Bank | CLEVELAND | MS |
| Bank of Okolona | OKOLONA | MS |
| Century First FCU | HATTIESBURG | MS |
| Guaranty Bank & Trust Company | BELZONI | MS |
| First Federal Savings & Loan Association | PASCAGOULA | MS |
| Richton Bank & Trust Company | RICHTON | MS |
| RiverHills Bank | VICKSBURG | MS |
| First State Bank | WAYNESBORO | MS |
| First National Bank of Clarksdale | CLARKSDALE | MS |
| Covington County Bank | COLLINS | MS |
| Singing River FCU | MOSS POINT | MS |
| Great Southern Bank | MERIDIAN | MS |
| BankFirst Financial Services | COLUMBUS | MS |
| Bank of Winona | WINONA | MS |
| First Security Bank | BATESVILLE | MS |
| Pike National Bank | MCCOMB | MS |
| Peoples Bank | MENDENHALL | MS |
| Bank of Wiggins | WIGGINS | MS |
| BNA Bank | NEW ALBANY | MS |
| Bank of Yazoo City | YAZOO CITY | MS |
| Copiah Bank | HAZLEHURST | MS |
| The First, A National Banking Association | HATTIESBURG | MS |
| The Peoples Bank | BILOXI | MS |
| First Commercial Bank | JACKSON | MS |
| Oxford University Bank | OXFORD | MS |
| Renasant Bank | TUPELO | MS |
| BancorpSouth Bank | TUPELO | MS |
| Members Exchange CU | RIDGELAND | MS |
| Citizens Bank | COLUMBIA | MS |
| Merchants & Farmers Bank | HOLLY SPRINGS | MS |
| The Citizens Bank of Philadelphia | PHILADELPHIA | MS |
| OmniBank | MANTEE | MS |
| Mechanics Bank | WATER VALLEY | MS |
| United Mississippi Bank | NATCHEZ | MS |
| Commerce Bank | CORINTH | MS |
| Grand Bank for Savings, FSB | HATTIESBURG | MS |
| Century Bank | LUCEDALE | MS |
| Renaissance Community Loan Fund, Inc. | GULFPORT | MS |
| The Commercial Bank | DE KALB | MS |
| The Citizens National Bank of Meridian | MERIDIAN | MS |
| First Bank | MCCOMB | MS |
| Bank of Morton | MORTON | MS |
| Community Bank of Mississippi | FOREST | MS |
| Hancock Whitney Bank | GULFPORT | MS |
| Merchants & Marine Bank | PASCAGOULA | MS |
| Magnolia State Bank | BAY SPRINGS | MS |
| FNB Oxford Bank | OXFORD | MS |
| Citizens Bank | BYHALIA | MS |
| Bank of Holly Springs | HOLLY SPRINGS | MS |
| First State Bank | HOLLY SPRINGS | MS |
| First Choice Bank | PONTOTOC | MS |
| PriorityOne Bank | MAGEE | MS |
| First American National Bank | IUKA | MS |
| The Jefferson Bank | GREENVILLE | MS |
| Magnolia FCU | JACKSON | MS |
| Holmes County Bank & Trust Co. | LEXINGTON | MS |
| Bank of Brookhaven | BROOKHAVEN | MS |
| Planters Bank & Trust Company | INDIANOLA | MS |
| Sycamore Bank | SENATOBIA | MS |
| The Peoples Bank | RIPLEY | MS |
| Bank of Franklin | MEADVILLE | MS |
| Merchants & Planters Bank | RAYMOND | MS |
| Hope FCU | JACKSON | MS |
| 1st Mississippi FCU | MERIDIAN | MS |
| Bank of Commerce | GREENWOOD | MS |
| First South Farm Credit | RIDGELAND | MS |
| First Southern Bank | COLUMBIA | MS |
| Bank of Forest | FOREST | MS |
| Bank of Anguilla | ANGUILLA | MS |
| Trustmark National Bank | JACKSON | MS |
| Mississippi FCU | JACKSON | MS |
| BankPlus | BELZONI | MS |
| Bank of Kilmichael | KILMICHAEL | MS |
| First National Bank of Picayune | PICAYUNE | MS |
| Farmers and Merchants Bank | BALDWYN | MS |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Mississippi?
A: SBA loans are government-backed loans provided through approved lenders in Mississippi. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Mississippi small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables Mississippi entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Mississippi businesses?
A: Mississippi businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Mississippi?
A: To qualify for an SBA loan in Mississippi, businesses typically need:
- For-profit operation based in Mississippi
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do Mississippi SBA lenders support businesses in the manufacturing and advanced industries sectors?
A: Mississippi’s growing manufacturing presence has created specialized SBA lending expertise in this sector. Several Mississippi lenders have developed industry-specific loan packages designed for automotive suppliers, aerospace components manufacturers, shipbuilders, furniture makers, and other production businesses. These lenders understand the unique capital needs, equipment requirements, and operational considerations of manufacturing businesses and can structure loans accordingly. Some Mississippi SBA lenders coordinate with organizations like the Mississippi Manufacturers Association and the Mississippi Development Authority to provide comprehensive support. These specialized lending programs have helped strengthen Mississippi’s manufacturing competitiveness by financing businesses that support major employers like Nissan, Toyota, Ingalls Shipbuilding, and furniture manufacturers, with particular attention to helping smaller manufacturers adopt new technologies and production methods that improve efficiency and create higher-skill employment opportunities.
Q: Are there special SBA loan programs for Mississippi’s agricultural and food production businesses?
A: Yes, Mississippi’s agricultural heritage has influenced local SBA lending practices. While the SBA doesn’t directly fund primary agricultural production, Mississippi SBA lenders support value-added agricultural businesses, food processors, aquaculture operations, and agribusiness service providers. These lenders understand the unique aspects of Mississippi’s agricultural economy and can structure loans to accommodate seasonal patterns. Several Mississippi lenders coordinate with the Mississippi Department of Agriculture and Commerce and the Mississippi State University Extension Service to help businesses access both financing and technical assistance. Some lenders have developed expertise in financing catfish farming operations, poultry processing facilities, specialty food producers, and farm equipment suppliers that support the state’s diverse agricultural sectors from Delta cotton to Gulf Coast seafood, helping businesses weather market fluctuations and capitalize on growing demand for Southern food products.
Q: How do Mississippi SBA lenders help businesses in the tourism and hospitality sectors?
A: Mississippi’s rich cultural heritage and growing tourism industry have created specialized lending expertise for hospitality businesses. Several Mississippi SBA lenders offer industry-specific loan packages designed for hotels, restaurants, attractions, and tourism service providers. These lenders understand the seasonal nature of tourism in many parts of Mississippi and can structure loans with flexible payment schedules aligned with visitor patterns. Some Mississippi lenders coordinate with organizations like Visit Mississippi and regional tourism bureaus to provide comprehensive support. These specialized lending programs have helped strengthen Mississippi’s tourism economy by financing businesses that showcase the state’s music heritage, civil rights history, culinary traditions, and natural attractions, with particular attention to developing authentic experiences along the Blues Trail, the Natchez Trace, the Gulf Coast, and other distinctive regions that draw visitors seeking authentic Southern experiences.
Q: Can healthcare and medical services businesses in Mississippi access specialized SBA financing?
A: Yes, Mississippi’s evolving healthcare landscape benefits from specialized SBA lending expertise. Several Mississippi lenders offer tailored loan packages for medical practices, rural health clinics, behavioral health providers, specialized care facilities, and healthcare service companies. These lenders understand healthcare reimbursement models and can structure loans to accommodate the cash flow patterns typical in this sector. Some Mississippi SBA lenders coordinate with organizations like the Mississippi Rural Health Association and the Mississippi Hospital Association to provide comprehensive support. These specialized programs align with Mississippi’s efforts to address healthcare challenges by financing innovative delivery models, telehealth capabilities, and specialized services that improve access to care in the state’s many rural communities and medically underserved areas, helping to strengthen the healthcare safety net while creating sustainable business models for providers.
Q: How do Mississippi SBA lenders support minority-owned businesses and entrepreneurs in underserved communities?
A: Mississippi’s demographic diversity has influenced local SBA lending practices. Several Mississippi SBA lenders have developed specialized programs focused on expanding capital access for minority entrepreneurs, particularly in the Delta region, Jackson metro area, and historically underserved communities. These lenders often coordinate with organizations like the Mississippi Minority Business Alliance, Hope Enterprise Corporation, and historically Black colleges and universities to provide comprehensive support. Some Mississippi lenders participate in the SBA Community Advantage program, focusing specifically on underserved markets. These specialized lending programs align with Mississippi’s efforts to create more inclusive economic opportunities by providing culturally responsive services, technical assistance, and flexible underwriting that recognizes the unique challenges faced by minority entrepreneurs while leveraging their strong connection to local communities and consumer markets.
Q: Are there specialized SBA loan programs for Mississippi’s maritime and coastal businesses?
A: Yes, Mississippi’s Gulf Coast economy benefits from specialized SBA lending expertise. Several Mississippi lenders offer tailored loan packages for shipbuilders, seafood processors, charter fishing operations, marine service providers, and port-related businesses. These lenders understand the unique challenges of coastal enterprises, including hurricane risks, seasonal patterns, and regulatory considerations. Some Mississippi SBA lenders coordinate with organizations like the Mississippi Department of Marine Resources and Gulf Coast business development agencies to provide comprehensive support. These specialized programs have helped coastal communities rebuild after natural disasters and diversify beyond traditional industries by financing businesses that leverage the Gulf’s resources sustainably, enhance coastal tourism experiences, and strengthen maritime infrastructure. Mississippi SBA lenders played a crucial role in business recovery following Hurricane Katrina and subsequent storms, developing expertise in disaster recovery lending that continues to support coastal resilience.
Q: How do Mississippi SBA lenders support businesses in the creative economy and cultural heritage sectors?
A: Mississippi’s unparalleled cultural legacy has created specialized lending expertise for creative businesses. Several Mississippi lenders offer tailored loan packages for music venues, recording studios, arts organizations, cultural attractions, publishers, and artisanal manufacturers. These lenders understand the unique business models of creative enterprises and can structure loans accordingly. Some Mississippi SBA lenders coordinate with organizations like the Mississippi Arts Commission and the Mississippi Development Authority’s Creative Economy program to provide comprehensive support. These specialized lending programs have helped strengthen Mississippi’s creative economy by financing businesses that preserve and promote the state’s extraordinary contributions to American music, literature, art, and craftsmanship, with particular attention to enterprises that create authentic cultural experiences, produce distinctive Mississippi-made products, and tell the state’s complex stories while creating economic opportunities in both urban and rural communities.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.