Lending data
Who actually lends to administrative and support businesses in Mississippi?
63 SBA 7(a) loans went to administrative and support businesses in Mississippi recently, at a median of $150,000. Here are the lenders that made them, ranked.
63 SBA 7(a) loans went to administrative and support businesses in Mississippi in the most recent fiscal years. The median was $150,000 over 10 years. The most active lender was Peoples Bank, with 9 loans.
What lending to administrative and support businesses in Mississippi actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Administrative and support services, Mississippi | All 7(a) borrowers |
|---|---|---|
| Loans approved | 63 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $35,000 - $302,500 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.75% | 10.25% |
| Share to startups | 57.1% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 9.9% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to administrative and support businesses in Mississippi. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Peoples Bank | 9 | $210,000 | 33% | 10.00% |
| Community Bank of Mississippi | 7 | $127,500 | 57% | 8.75% |
| Trustmark Bank | 7 | $245,000 | 71% | 8.40% |
| Wells Fargo Bank | 6 | $15,000 | 100% | 14.00% |
| Northeast Bank | 4 | $50,000 | 50% | 11.25% |
| Live Oak Banking Company | 4 | $425,000 | 75% | 9.38% |
| Celtic Bank Corporation | 3 | $90,000 | 33% | 10.75% |
| United Midwest Savings Bank | 3 | $150,000 | 100% | 11.25% |
| First Bank of the Lake | 3 | $150,000 | 67% | 10.25% |
| RiverHills Bank | 2 | $90,000 | 100% | 11.88% |
What stands out in this market
Reading the figures above against the national picture:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- New businesses do well here. 57% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 37% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.75% is 0.50 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 9.9% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Which of them lend to new businesses
Of those loans, 57.1% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Wells Fargo Bank | 6 | $15,000 | 100% | 14.00% |
| Trustmark Bank | 5 | $245,000 | 71% | 8.40% |
| Community Bank of Mississippi | 4 | $127,500 | 57% | 8.75% |
| United Midwest Savings Bank | 3 | $150,000 | 100% | 11.25% |
| Peoples Bank | 3 | $210,000 | 33% | 10.00% |
| Live Oak Banking Company | 3 | $425,000 | 75% | 9.38% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Mississippi: agriculture, restaurants and hotels, retail, healthcare, trucking, personal services
- Admin Services in comparable states: Rhode Island, Delaware, Hawaii, Iowa, Nebraska, Arkansas