The Citizens National Bank of Meridian
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Citizens National Bank of Meridian
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $5.6M | $116K | 11.1% |
| 722513 | Limited-Service Restaurants | 48 | $4.9M | $102K | 11.1% |
| 812112 | Beauty Salons | 24 | $4.5M | $187K | 5.6% |
| 624410 | Child Day Care Services | 24 | $4.8M | $201K | 5.6% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 16 | $5.6M | $350K | 3.7% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 16 | $1.5M | $94K | 3.7% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 16 | $4.0M | $250K | 3.7% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 8 | $3.0M | $379K | 1.9% |
| 561439 | Other Business Service Centers (including Copy Shops) | 8 | $2.0M | $251K | 1.9% |
| 458310 | Other | 8 | $2.9M | $362K | 1.9% |
Geographic Distribution
SBA lending activity for The Citizens National Bank of Meridian by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 216 | $53.9M | 50.0% |
| Tennessee (TN) | 96 | $26.9M | 22.2% |
| Alabama (AL) | 72 | $12.0M | 16.7% |
| Louisiana (LA) | 32 | $9.6M | 7.4% |
| Arkansas (AR) | 16 | $2.4M | 3.7% |
Why Choose The Citizens National Bank of Meridian?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 432 SBA loans approved, totaling $104.8M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Beauty Salons
- ✓Competitive Terms: Average interest rate of 9.68% with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $25K to $1.1M, with an average of $243K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MS, TN, 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 The Citizens National Bank of Meridian SBA lending
What types of businesses does The Citizens National Bank of Meridian typically finance?
The Citizens National Bank of Meridian specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, beauty salons, child day care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Citizens National Bank of Meridian's typical SBA loan terms?
The Citizens National Bank of Meridian's SBA 7(a) loans typically feature an average interest rate of 9.68% and average term length of 145 months (approximately 12 years). Loan sizes range from $25K to $1.1M, with an average loan size of $243K.
Do I need a business valuation for a The Citizens National Bank of Meridian SBA loan?
Yes, The Citizens National Bank of Meridian 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 The Citizens National Bank of Meridian compare to other SBA lenders?
The Citizens National Bank of Meridian has originated 432 SBA loans totaling $104.8M 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 The Citizens National Bank of Meridian lend in?
The Citizens National Bank of Meridian provides SBA 7(a) financing with particularly strong presence in MS, TN, AL, LA, AR. 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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