Community Bank of Mississippi
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Community Bank of Mississippi
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 200 | $54.6M | $273K | 8.5% |
| 112320 | Broilers and Other Meat Type | 112 | $86.3M | $771K | 4.7% |
| 722513 | Limited-Service Restaurants | 96 | $39.1M | $407K | 4.1% |
| 112310 | Chicken Egg Production | 88 | $58.6M | $666K | 3.7% |
| 624410 | Child Day Care Services | 80 | $34.5M | $431K | 3.4% |
| 713940 | Fitness and Recreational Sports Centers | 72 | $19.7M | $274K | 3.1% |
| 561730 | Landscaping Services | 72 | $10.7M | $149K | 3.1% |
| 236220 | Commercial and Institutional Building Construction | 64 | $17.1M | $267K | 2.7% |
| 487210 | Scenic and Sightseeing Transportation, Water | 56 | $13.4M | $239K | 2.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 48 | $5.2M | $108K | 2.0% |
Geographic Distribution
SBA lending activity for Community Bank of Mississippi by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 1,728 | $645.2M | 73.2% |
| Alabama (AL) | 240 | $156.6M | 10.2% |
| Florida (FL) | 328 | $75.4M | 13.9% |
| Tennessee (TN) | 48 | $9.8M | 2.0% |
| Louisiana (LA) | 16 | $4.6M | 0.7% |
Why Choose Community Bank of Mississippi?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,360 SBA loans approved, totaling $891.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Broilers and Other Meat Type, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.60% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $10K to $3.7M, with an average of $378K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MS, FL, AL
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 Community Bank of Mississippi SBA lending
What types of businesses does Community Bank of Mississippi typically finance?
Community Bank of Mississippi specializes in SBA 7(a) lending to specific industries including full-service restaurants, broilers and other meat type, limited-service restaurants, chicken egg production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Community Bank of Mississippi's typical SBA loan terms?
Community Bank of Mississippi's SBA 7(a) loans typically feature an average interest rate of 6.60% and average term length of 114 months (approximately 10 years). Loan sizes range from $10K to $3.7M, with an average loan size of $378K.
Do I need a business valuation for a Community Bank of Mississippi SBA loan?
Yes, Community Bank of Mississippi 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 Community Bank of Mississippi compare to other SBA lenders?
Community Bank of Mississippi has originated 2,360 SBA loans totaling $891.5M since 2020. 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 Community Bank of Mississippi lend in?
Community Bank of Mississippi provides SBA 7(a) financing with particularly strong presence in MS, FL, AL, TN, LA. 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.
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Professional valuations are often required for SBA loans over $250,000.
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