SBA 7(a) lenders in Smith, MS
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
15 institutions have SBA 7(a) loans on record in Smith, together $57.9M across 214 loans. Community Bank of Mississippi is the largest, with 35% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | 50 | $20.2M | 35.0% | 1.41% |
| 2 | Peoples Bank | 93 | $11.8M | 20.3% | 0.83% |
| 3 | First Financial Bank | 24 | $7.3M | 12.5% | 0.00% |
| 4 | Southern Bancorp Bank | 2 | $4.7M | 8.1% | 0.00% |
| 5 | Southern AgCredit, FLCA | 3 | $3.9M | 6.7% | 0.00% |
| 6 | Trustmark Bank | 20 | $2.4M | 4.2% | 8.21% |
| 7 | Live Oak Banking Company | 1 | $2.3M | 4.0% | 0.00% |
| 8 | BankPlus | 2 | $1.9M | 3.3% | 0.00% |
| 9 | BankFirst Financial Services | 3 | $1.7M | 2.9% | 15.48% |
| 10 | Covington County Bank | 11 | $639K | 1.1% | 0.00% |
| 11 | Commonwealth Business Bank | 1 | $385K | 0.7% | 0.00% |
| 12 | United Midwest Savings Bank National Association | 1 | $360K | 0.6% | 0.00% |
| 13 | Readycap Lending, LLC | 1 | $273K | 0.5% | 0.00% |
| 14 | PriorityOne Bank | 1 | $50K | 0.1% | 0.00% |
| 15 | The Citizens National Bank of Meridian | 1 | $25K | 0.0% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Agriculture, forestry & fishing | 120 | $46.9M | 80.9% |
| 2 | Transportation & warehousing | 39 | $3.2M | 5.6% |
| 3 | Retail trade | 11 | $1.7M | 2.9% |
| 4 | Accommodation & food services | 10 | $1.6M | 2.8% |
| 5 | Arts, entertainment & recreation | 4 | $1.1M | 2.0% |
| 6 | Other services | 7 | $751K | 1.3% |
| 7 | Mining & extraction | 2 | $623K | 1.1% |
| 8 | Manufacturing | 5 | $595K | 1.0% |
| 9 | Finance & insurance | 1 | $360K | 0.6% |
| 10 | Wholesale trade | 3 | $293K | 0.5% |
| 11 | Transportation & warehousing | 1 | $268K | 0.5% |
| 12 | Construction | 5 | $265K | 0.5% |
| 13 | Administrative & waste services | 2 | $97K | 0.2% |
| 14 | Manufacturing | 3 | $55K | 0.1% |
| 15 | Retail trade | 1 | $24K | 0.0% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.