Community Bank of Mississippi: SBA business acquisition lending record
Community Bank of Mississippi (home state MS) approved 41 SBA 7(a) loans to buy existing businesses since FY2018, totaling $22.3M. The median loan was $315,000. It ranks number 195 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $150,000 and $630,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Mississippi is the largest state (80% of loans). Loans appear in only 3 states, which points to a regional lender.
- Industry concentration. Child Care Services is 15% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 271 SBA 7(a) loans of any purpose since FY2020, totaling $116M. 95% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 12% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Community Bank of Mississippi acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.5M | $725,500 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 1 | $245K | $244,500 | |
| FY2021 | 13 | $7.6M | $410,000 | |
| FY2022 | 1 | $430K | $430,000 | |
| FY2023 | 11 | $7.8M | $245,000 | |
| FY2024 | 3 | $2.3M | $930,000 | |
| FY2025 | 5 | $1.7M | $350,000 | |
| FY2026 | 4 | $747K | $89,500 |
How often do these acquisition loans fail?
Fewer than 20 Community Bank of Mississippi acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Mississippi | 33 | 80.5% | $13.1M | |
| 2 | Alabama | 5 | 12.2% | $8.6M | |
| 3 | Florida | 3 | 7.3% | $583K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Child Care Services | 6 | 14.6% | $2.1M | |
| 2 | Full-Service Restaurants | 3 | 7.3% | $586K | |
| 3 | Highway, Street, and Bridge Construction | 2 | 4.9% | $3.9M | |
| 4 | Insurance Agencies and Brokerages | 2 | 4.9% | $980K | |
| 5 | Fitness and Recreational Sports Centers | 2 | 4.9% | $478K | |
| 6 | Snack and Nonalcoholic Beverage Bars | 2 | 4.9% | $312K | |
| 7 | Custom Architectural Woodwork and Millwork Manufacturing | 1 | 2.4% | $2.7M | |
| 8 | Assisted Living Facilities for the Elderly | 1 | 2.4% | $1.7M | |
| 9 | Gasoline Stations with Convenience Stores | 1 | 2.4% | $1.2M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Merry Maids | 1 | 2.4% | $245K |
Questions buyers ask
Does Community Bank of Mississippi make SBA acquisition loans?
Yes. Community Bank of Mississippi approved 41 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 195 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Community Bank of Mississippi's acquisition loans?
The median was $315,000, with the middle half between $150,000 and $630,000. The national median is $645,250, so this lender's typical loan is 51% lower than the national figure.
Which states does Community Bank of Mississippi lend in?
Mississippi (33), Alabama (5), Florida (3). Its loans appear in 3 states, so it is closer to a regional lender.
Which industries does Community Bank of Mississippi finance?
Child Care Services (6), Full-Service Restaurants (3), Highway, Street, and Bridge Construction (2), Insurance Agencies and Brokerages (2), Fitness and Recreational Sports Centers (2). The top industry is 15% of its acquisition loans.
How have Community Bank of Mississippi's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
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Related
- Mississippi acquisitions
- Alabama acquisitions
- Florida acquisitions
- Child Care Services
- Full-Service Restaurants
- Highway, Street, and Bridge Construction
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Community Bank of Mississippi.