SBA Loans for Electrical Contractors in Mississippi: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Mississippi. Based on historical SBA 7(a) lending data.
Total Approvals
16
in Mississippi
Median Loan Size
$137,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 16 approvals on record and a median loan size of $137,000.
Key trends & insights
- Electrical Contractors in Mississippi lending is concentrated — Peoples Bank, Readycap Lending, LLC, United Midwest Savings Bank, National Association together account for 63% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Peoples Bank leads this industry with 5 approvals (31% market share) and a median loan of $55,700.
- Electrical Contractors in Mississippi loans skew smaller than the SBA average at $137,000 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 Electrical Contractors in Mississippi
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 5 | $55,700 | |
| 2 | 3 | $50,000 | |
| 3 | 2 | $150,000 | |
| 4 | 2 | $57,000 | |
| 5 | 2 | $145,000 | |
| 6 | 1 | $150,000 | |
| 7 | 1 | $282,200 |
Recent SBA 7(a) approvals for Electrical Contractors in Mississippi
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Trustmark Bank | E&T*****LLC | OKOLONA, MS | $88,500 |
| 2025-02 | Peoples Bank | SUP*****LLC | LAUREL, MS | $443,000 |
| 2024-11 | Readycap Lending, LLC | EME*****BER | Oxford, MS | $50,000 |
| 2024-11 | Readycap Lending, LLC | Unl*****LLC | Jackson, MS | $180,000 |
| 2024-08 | Peoples Bank | BRA*****LLC | MIZE, MS | $60,000 |
| 2024-08 | Peoples Bank | Bae*****LLC | MENDENHALL, MS | $41,000 |
| 2024-07 | Readycap Lending, LLC | Mr.*****ort | GULFPORT, MS | $50,000 |
| 2024-06 | Peoples Bank | Bae*****LLC | MENDENHALL, MS | $42,600 |
| 2024-02 | Newtek Bank, National Association | MH***LLC | West, MS | $150,000 |
| 2024-01 | BayFirst National Bank | HUG*****LLC | LELAND, MS | $140,000 |
| 2023-11 | Peoples Bank | Tom*****vis | COLLINS, MS | $134,000 |
| 2023-11 | Peoples Bank | Ric*****man | Paulding, MS | $55,700 |
| 2023-05 | United Midwest Savings Bank National Association | PRI*****LLC | BYHALIA, MS | $150,000 |
| 2023-02 | BayFirst National Bank | Hug*****LLC | LELAND, MS | $150,000 |
| 2021-08 | Peoples Bank | Kni*****LLC | Collins, MS | $30,000 |
| 2021-08 | Peoples Bank | Shi*****LLC | Jackson, MS | $205,900 |
| 2021-06 | BankFirst Financial Services | WWS*****LLC | SUMRALL, MS | $282,200 |
| 2020-08 | United Midwest Savings Bank National Association | Tru*****LLC | GUNTOWN, MS | $150,000 |
| 2019-11 | Trustmark Bank | RP *****ACR | MENDENHALL, MS | $25,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet