BankFirst Financial Services
Headquartered in COLUMBUS, MS. Analysis based on 310 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $106.5M.
Total 7(a) loans
310
Total approved
$106.5M
Average loan
$344K
States funded in
6
Charge-off rate
2.81%
FY2020–FY2023 cohort
Paid-in-full rate
22.49%
Average rate
7.54%
Average term
141 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 30 |
| 722513 | Limited-Service Restaurants | 17 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 12 |
| 112511 | Finfish Farming and Fish Hatcheries | 10 |
| 624410 | Child Day Care Services | 9 |
| 112320 | Broilers and Other Meat Type | 8 |
| 112340 | Poultry Hatcheries | 7 |
| 524210 | Insurance Agencies and Brokerages | 7 |
| 713940 | Fitness and Recreational Sports Centers | 6 |
| 541990 | All Other Professional, Scientific, and Technical Services | 5 |
Top 10 states
| State | Loans |
|---|---|
| MS | 174 |
| AL | 80 |
| LA | 35 |
| TN | 17 |
| AR | 3 |
| TX | 1 |
Top franchise brands financed
18 franchise loans across 13 distinct brands.
| Franchise | Loans |
|---|---|
| Dickey's Barbecue Pit | 3 |
| Brick & Spoon | 3 |
| Fleet Feet Sports | 2 |
| Walk-On's Bistreaux & Bar | 1 |
| Rocket Fizz Soda Pop and Candy | 1 |
| Smallcakes Cupcakery | 1 |
| Dairy Queen Operating Agreemen | 1 |
| Checkers | 1 |
| The Toasted Yolk Cafe | 1 |
| Woof Gang Bakery and Grooming | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.