Community Bank of Mississippi
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Community Bank of Mississippi
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112320 | Broilers and Other Meat Type Chicken Production | 476 | $246.7M | $518K | 25.1% |
| 112310 | Chicken Egg Production | 99 | $56.0M | $565K | 5.2% |
| 722511 | Full-Service Restaurants | 67 | $15.7M | $235K | 3.5% |
| 624410 | Child Care Services | 36 | $15.4M | $429K | 1.9% |
| 713940 | Fitness and Recreational Sports Centers | 34 | $6.7M | $198K | 1.8% |
| 722513 | Limited-Service Restaurants | 26 | $7.7M | $296K | 1.4% |
| 561730 | Landscaping Services | 23 | $2.7M | $116K | 1.2% |
| 721110 | Hotels (except Casino Hotels) and Motels | 19 | $21.8M | $1.1M | 1.0% |
| 621210 | Offices of Dentists | 16 | $5.5M | $346K | 0.8% |
| 811111 | General Automotive Repair | 16 | $4.3M | $266K | 0.8% |
Geographic Distribution
SBA lending activity for Community Bank of Mississippi by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 1,660 | $552.9M | 87.7% |
| Alabama (AL) | 71 | $35.6M | 3.8% |
| Florida (FL) | 136 | $27.6M | 7.2% |
| Tennessee (TN) | 15 | $3.2M | 0.8% |
| Oregon (OR) | 2 | $2.9M | 0.1% |
| Illinois (IL) | 1 | $678K | 0.1% |
| Louisiana (LA) | 4 | $652K | 0.2% |
| South Carolina (SC) | 1 | $115K | 0.1% |
| Texas (TX) | 1 | $100K | 0.1% |
| California (CA) | 1 | $100K | 0.1% |
| Indiana (IN) | 1 | $40K | 0.1% |
Why Choose Community Bank of Mississippi?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,893 SBA loans approved, totaling $623.8M in financing
- ✓Industry Expertise: Specialized focus on Broilers and Other Meat Type Chicken Production, Chicken Egg Production, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.89% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $9K to $4.2M, with an average of $330K
- ✓Nationwide Reach: Active lending in 11 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 broilers and other meat type chicken production, chicken egg production, full-service restaurants, child care services. 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 5.89% and average term length of 116 months (approximately 10 years). Loan sizes range from $9K to $4.2M, with an average loan size of $330K.
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 1,893 SBA loans totaling $623.8M 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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