BancorpSouth Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BancorpSouth Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 2 | $370K | $185K | 6.5% |
| 561730 | Landscaping Services | 2 | $168K | $84K | 6.5% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $650K | $650K | 3.2% |
| 327215 | Glass Product Manufacturing Made of Purchased Glass | 1 | $125K | $125K | 3.2% |
| 115112 | Soil Preparation, Planting, and Cultivating | 1 | $170K | $170K | 3.2% |
| 524210 | Insurance Agencies and Brokerages | 1 | $937K | $937K | 3.2% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $400K | $400K | 3.2% |
| 621498 | All Other Outpatient Care Centers | 1 | $113K | $113K | 3.2% |
| 444120 | Paint and Wallpaper Retailers | 1 | $160K | $160K | 3.2% |
Geographic Distribution
SBA lending activity for BancorpSouth Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 20 | $4.2M | 64.5% |
| Louisiana (LA) | 4 | $1.7M | 12.9% |
| Arkansas (AR) | 4 | $449K | 12.9% |
| Tennessee (TN) | 1 | $400K | 3.2% |
| Massachusetts (MA) | 1 | $20K | 3.2% |
| Mississippi (MS) | 1 | $18K | 3.2% |
Why Choose BancorpSouth Bank?
Based on SBA 7(a) lending track record from 1991-2007
- ✓Proven Track Record: 31 SBA loans approved, totaling $6.8M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Landscaping Services, Other Miscellaneous Nondurable Goods Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 82 months
- ✓Loan Range: Loan sizes from $18K to $937K, with an average of $219K
- ✓Nationwide Reach: Active lending in 6 states, with strong presence in TX, LA, AR
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about BancorpSouth Bank SBA lending
What types of businesses does BancorpSouth Bank typically finance?
BancorpSouth Bank specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, landscaping services, other miscellaneous nondurable goods merchant wholesalers, glass product manufacturing made of purchased glass. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BancorpSouth Bank's typical SBA loan terms?
BancorpSouth Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 82 months (approximately 7 years). Loan sizes range from $18K to $937K, with an average loan size of $219K.
Do I need a business valuation for a BancorpSouth Bank SBA loan?
Yes, BancorpSouth Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does BancorpSouth Bank compare to other SBA lenders?
BancorpSouth Bank has originated 31 SBA loans totaling $6.8M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does BancorpSouth Bank lend in?
BancorpSouth Bank provides SBA 7(a) financing with particularly strong presence in TX, LA, AR, TN, MA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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