Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Mississippi.
In 2022 there were 51 SBA lenders that approved 303 SBA 7(a) loans for projects in Mississippi totaling $160,556,400. The average loan amount was $529,889. Borrowers from 97 cities were approved for projects in Mississippi for 110 industries. The SBA loan approvals in 2022 represent 2,962 jobs supported or saved in Mississippi.
There were 34 franchise branded businesses receiving 44 loan approvals for $48,690,400 with an average loan amount of $1,106,600.
Our forecast model projects $183 million in total Mississippi SBA 7(a) loan approval amounts in 2023 with $57 million to franchise businesses.
Mississippi Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Mississippi Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
