Covington County Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Covington County Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112111 | Beef Cattle Ranching and Farming | 152 | $20.6M | $136K | 20.7% |
| 112390 | Other Poultry Production | 104 | $16.3M | $156K | 14.1% |
| 238910 | Site Preparation Contractors | 48 | $2.2M | $46K | 6.5% |
| 457110 | Other | 40 | $2.5M | $64K | 5.4% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 40 | $1.5M | $38K | 5.4% |
| 113310 | Logging | 40 | $3.9M | $97K | 5.4% |
| 112320 | Broilers and Other Meat Type | 24 | $2.3M | $94K | 3.3% |
| 541211 | Offices of Certified Public Accountants | 24 | $2.7M | $111K | 3.3% |
| 237310 | Highway, Street, and Bridge Construction | 24 | $3.4M | $140K | 3.3% |
| 236220 | Commercial and Institutional Building Construction | 24 | $4.5M | $189K | 3.3% |
Geographic Distribution
SBA lending activity for Covington County Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 736 | $78.7M | 100.0% |
Why Choose Covington County Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 736 SBA loans approved, totaling $78.7M in financing
- ✓Industry Expertise: Specialized focus on Beef Cattle Ranching and Farming, Other Poultry Production, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 6.76% with flexible term lengths averaging 67 months
- ✓Loan Range: Loan sizes from $8K to $500K, with an average of $107K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MS
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 Covington County Bank SBA lending
What types of businesses does Covington County Bank typically finance?
Covington County Bank specializes in SBA 7(a) lending to specific industries including beef cattle ranching and farming, other poultry production, site preparation contractors, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Covington County Bank's typical SBA loan terms?
Covington County Bank's SBA 7(a) loans typically feature an average interest rate of 6.76% and average term length of 67 months (approximately 6 years). Loan sizes range from $8K to $500K, with an average loan size of $107K.
Do I need a business valuation for a Covington County Bank SBA loan?
Yes, Covington County 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 Covington County Bank compare to other SBA lenders?
Covington County Bank has originated 736 SBA loans totaling $78.7M 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 Covington County Bank lend in?
Covington County Bank provides SBA 7(a) financing with particularly strong presence in MS. 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?
Professional valuations are often required for SBA loans over $250,000.
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