Mississippi Business Journal » lending

Banks honored for regional small business lending

MBJ Staff — Tue, 26 Feb 2013 13:10:48 +0000

GULFPORT — Hancock Bank and Whitney Bank have received a combined eight national and regional Greenwich Excellence Awards in Small Business and Middle Market Banking for 2012. According to a news release, the two Gulf South financial institutions were among the top six percent of eligible organizations to earn the coveted Greenwich Associates recognition, which [...]

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Looking for a bright future for people of Mississippi

Alan Turner — Sat, 09 Feb 2013 00:34:34 +0000

From Will Loftin’s perspective as senior vice president and consumer banking executive for Regions Bank, the future looks bright for Mississippi. Loftin is responsible for consumer banking operations in the central and southern parts of Mississippi, representing 80 branches and more than 600 employees. Statewide, Regions has more than 146 branches and over 1,600 employees. [...]

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State House passes payday-lending bill despite objections

Associated Press — Fri, 25 Jan 2013 13:24:27 +0000

JACKSON — The Mississippi House has voted to let payday lending businesses keep operating in the state beyond 2015, despite objections by some lawmakers that the shops congregate in poor neighborhoods and take advantage of people who might not be financially savvy. Supporters say the businesses provide easy access to cash for people who might [...]

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Banks can assist small businesses with a variety of services, programs

Lynn Lofton — Fri, 18 Jan 2013 23:17:48 +0000

Banks can be small business owners’ best friends, providing a range of services, advice and a shoulder to lean on. The definition of a small business can vary, depending on how much activity a business runs through a bank, according to Art Stevens, president of retail banking for Trustmark National Bank. “Accounts can trigger based [...]

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The money’s there, but small businesses put borrowing aside

Lisa Monti — Fri, 18 Jan 2013 23:09:03 +0000

Bankers say they have the money to lend small businesses but they see owners staying on the sidelines rather than borrowing. Chevis Swetman, chairman of the board and chief executive ofﬁcer of The Peoples Bank in Biloxi, neatly sums up small business owners’ hesitancy: “Three little words: Fear, uncertainty and doubt.” The Peoples Bank has [...]

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Software company adding at least 100 jobs for Brazilian contract

Associated Press — Wed, 31 Oct 2012 12:09:05 +0000

OXFORD — A Mississippi software firm will add at least 100 jobs thanks to a Brazilian contract. FNC, which makes software to streamline mortgage lending, said it would do work for Cetip, a Brazilian firm that holds financial securities for others. FNC’s software will help Brazilian banks manage documents, cut costs and help original lenders [...]

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HOPE approved as first Community Advantage lender

MBJ Staff — Thu, 08 Dec 2011 18:06:23 +0000

JACKSON — The U.S. Small Business Administration (SBA) has approved Hope Enterprise Corporation (HOPE) as its first lender in the Community Advantage Loan program in Mississippi. HOPE CEO Bill Bynum said, “For small, rural and minority entrepreneurs, financing can be the most elusive resource. With the Community Advantage program, we can help even more companies [...]

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Deadline nearing for disaster recovery loans

MBJ Staff — Wed, 03 Aug 2011 18:12:20 +0000

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives and most private non-profit organizations that were affected by the severe storms and tornadoes that occurred Nov. 29-30, 2010. “Businesses that suffered economic losses as a result of the [...]

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Mississippi SBA sets another record for loan approvals

MBJ Staff — Wed, 03 Aug 2011 15:46:37 +0000

JACKSON — With months to go before its fiscal year ends, the Mississippi U. S. Small Business Administration continues its surge in guaranty lending to Mississippi small businesses. Through the third quarter of fiscal year 2011 (Oct. 1, 2010 to June 30, 2011), the Mississippi SBA office has 607 approved loans totaling $235,453,500. “That eclipses [...]

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Peoples Bank takes home national SBA award

For the MBJ — Mon, 23 May 2011 13:14:14 +0000

MENDENHALL — Peoples Bank of Mendenhall recently received the Small 7(a) Lender of the Year Award from the U.S. Small Business Administration (SBA). While portfolio performance played a significant role in the award, the institution’s continued support of small business, especially in underserved communities during challenging economic times was also a major factor. In FY [...]

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