Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Picayune, Mississippi Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Picayune, Mississippi! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Picayune, Mississippi, we've put together a list of local small business banks that you should contact.

Local Picayune Business Loan Sources

Without further adieu, here's our list of small business banks in Picayune.

Small Business Bank Recent SBA Loans
Bankplus 1
First Federal Bank for Saving  
First National Bank - Picayune 1
Hancock Bank - Branch Offices- Northside Branch  
Hancock Bank - Branch Offices- Southside Branch  
Hancock Bank - Branch Offices- West Canal  
Keesler Federal Credit Union - Branches- Picayune  
Regions Bank  
The First A National Banking Association  

SBA Lenders for Picayune Businesses

This is a list of banks outside of Picayune, Mississippi that have provided SBA loans to Picayune businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
4
Central Progressive Bank
Mandeville, LA
1
First Bank And Trust
New Orleans, LA
1
Gulf Coast Bank & Trust
New Orleans, LA
1
Hancock Bank
Gulfport, MS
12
Superior Financial Group, LLC
Walnut Creek, CA
1
Trustmark National Bank
Jackson, MS
1

Picayune Bank Loan Tips

Before reaching out to lenders to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the lender.

Having a business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review SBIR Funding.

Business Loan Sources for Other Cities in Mississippi
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Get a Business Loan in Pontotoc

Browse All Business Loan Sources for Mississippi