SBA Loans for Insurance Agencies and Brokerages in Mississippi: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in Mississippi. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Mississippi
Median Loan Size
$149,800
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $149,800.
Key trends & insights
- Insurance Agencies and Brokerages in Mississippi lending is concentrated — THE Citizens National Bank OF Meridian, Readycap Lending, LLC, Byline Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Citizens National Bank OF Meridian leads this industry with 1 approvals (20% market share) and a median loan of $149,800.
- Insurance Agencies and Brokerages in Mississippi loans skew smaller than the SBA average at $149,800 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Insurance Agencies and Brokerages in Mississippi
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $149,800 | |
| 2 | 1 | $500,000 | |
| 3 | 1 | $100,000 | |
| 4 | 1 | $26,000 | |
| 5 | 1 | $630,000 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in Mississippi
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Northeast Bank | Fin*****LLC | Madison, MS | $350,000 |
| 2025-08 | The Citizens National Bank of Meridian | AJE*****LLC | West Point, MS | $149,800 |
| 2025-05 | Byline Bank | ZEL*****OUP | SOUTHAVEN, MS | $100,000 |
| 2025-03 | Cadence Bank | BEA*****NC. | Biloxi, MS | $500,000 |
| 2025-03 | Community Bank of Mississippi | HWS*****Inc | BRANDON, MS | $350,000 |
| 2025-01 | Newtek Bank, National Association | Fin*****LLC | RIDGELAND, MS | $60,000 |
| 2024-12 | Newtek Bank, National Association | Fin*****LLC | Ridgeland, MS | $300,000 |
| 2024-10 | United Midwest Savings Bank National Association | The*****ncy | RICHLAND, MS | $669,000 |
| 2024-10 | Newtek Bank, National Association | Ivy*****LLC | Tupelo, MS | $350,000 |
| 2024-09 | Regions Bank | Joe*****ted | HERNANDO, MS | $717,500 |
| 2024-08 | Northeast Bank | ARM*****LLC | Olive Branch, MS | $26,000 |
| 2024-08 | Newtek Bank, National Association | Fin*****LLC | Ridgeland, MS | $150,000 |
| 2024-08 | Readycap Lending, LLC | Jac*****LLC | TUPELO, MS | $500,000 |
| 2024-07 | Colony Bank | Per*****nc. | Meridian, MS | $144,000 |
| 2024-05 | Readycap Lending, LLC | cas*****nes | GREENWOOD, MS | $25,500 |
| 2024-04 | Newtek Bank, National Association | Jac*****LLC | Tupelo, MS | $600,000 |
| 2024-03 | BayFirst National Bank | Per*****Inc | MERIDIAN, MS | $130,900 |
| 2024-02 | BayFirst National Bank | Bra*****LLC | PEARL, MS | $150,000 |
| 2024-01 | BayFirst National Bank | Bra*****LLC | RIDGELAND, MS | $150,000 |
| 2023-08 | United Midwest Savings Bank National Association | Wya*****LLC | ELLISVILLE, MS | $561,000 |
| 2023-07 | Newtek Bank, National Association | Jac*****LLC | TUPELO, MS | $350,000 |
| 2023-06 | BayFirst National Bank | Sha*****nc. | BILOXI, MS | $118,000 |
| 2023-04 | Newtek Bank, National Association | Tru*****LLC | HOUSTON, MS | $55,000 |
| 2023-04 | Byline Bank | The*****LLC | CLINTON, MS | $643,000 |
| 2023-02 | Southern Bancorp Bank | Yes*****LLC | Hattiesburg, MS | $67,500 |
| 2022-12 | Patriot Bank, National Association | Bai*****nc. | FLOWOOD, MS | $510,500 |
| 2022-12 | Patriot Bank, National Association | Bai*****nc. | FLOWOOD, MS | $340,000 |
| 2022-07 | First Internet Bank of Indiana | TOR*****INC | MADISON, MS | $1,034,000 |
| 2022-06 | BankFirst Financial Services | Pin*****LLC | OXFORD, MS | $92,700 |
| 2022-06 | BankFirst Financial Services | Mar*****nc. | CLINTON, MS | $576,100 |
| 2022-06 | First State Bank | J W*****LLC | Waynesboro, MS | $412,600 |
| 2022-03 | BankFirst Financial Services | Ins*****LLC | STARKVILLE, MS | $102,700 |
| 2022-03 | BankFirst Financial Services | Ins*****LLC | STARKVILLE, MS | $25,000 |
| 2022-03 | U.S. Bank, National Association | Rya*****LLC | SOUTHAVEN, MS | $30,000 |
| 2021-12 | United Midwest Savings Bank National Association | Cru*****LLC | Taylorsville, MS | $360,000 |
| 2021-08 | Community Bank of Mississippi | The*****LLC | SOUTHAVEN, MS | $630,000 |
| 2021-03 | United Bank of Philadelphia | Bra*****LLC | Ridgeland, MS | $280,600 |
| 2020-11 | Peoples Bank | San*****LLC | Brandon, MS | $112,000 |
| 2020-07 | Capital Bank, National Association | Sha*****nc. | BILOXI, MS | $1,000,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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