MidSouth Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by MidSouth Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $12.6M | $264K | 46.2% |
| 531311 | Residential Property Managers | 8 | $1.7M | $208K | 7.7% |
| 541611 | Administrative Management and General Management Consulting Services | 8 | $1.8M | $227K | 7.7% |
| 812210 | Funeral Homes and Funeral Services | 8 | $3.8M | $480K | 7.7% |
| 311811 | Retail Bakeries | 8 | $640K | $80K | 7.7% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $720K | $90K | 7.7% |
| 237990 | Other Heavy and Civil Engineering Construction | 8 | $1.3M | $164K | 7.7% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 8 | $1.1M | $140K | 7.7% |
Geographic Distribution
SBA lending activity for MidSouth Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 40 | $13.1M | 38.5% |
| Florida (FL) | 56 | $9.5M | 53.8% |
| Georgia (GA) | 8 | $1.2M | 7.7% |
Why Choose MidSouth Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 104 SBA loans approved, totaling $23.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Residential Property Managers, Administrative Management and General Management Consulting Services
- ✓Competitive Terms: Average interest rate of 7.14% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $80K to $681K, with an average of $228K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in FL, AL, GA
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 MidSouth Bank SBA lending
What types of businesses does MidSouth Bank typically finance?
MidSouth Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, residential property managers, administrative management and general management consulting services, funeral homes and funeral services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are MidSouth Bank's typical SBA loan terms?
MidSouth Bank's SBA 7(a) loans typically feature an average interest rate of 7.14% and average term length of 118 months (approximately 10 years). Loan sizes range from $80K to $681K, with an average loan size of $228K.
Do I need a business valuation for a MidSouth Bank SBA loan?
Yes, MidSouth 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 MidSouth Bank compare to other SBA lenders?
MidSouth Bank has originated 104 SBA loans totaling $23.8M 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 MidSouth Bank lend in?
MidSouth Bank provides SBA 7(a) financing with particularly strong presence in FL, AL, GA. 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.
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