Mississippi Banks Provide Over $3 Billion to Small Businesses in State

More than 40,000 Mississippi businesses have received Payroll Protection Program loans, totaling more than $3 billion. According to information provided by the Mississippi Bankers Association, Mississippi ranks as one of the top states in assisting small businesses. According to the latest numbers, there have been 40,362 loans approved for a total of $3.1 billion in the two rounds of combined PPP funding. This represents 87 percent of the state’s payroll, according to Bloomberg News.

These successes reflect a strong and dedicated banking industry in Mississippi, but they also reflect hours of preparation from determined bankers around the state.

“In my 40 years of community banking, the last few weeks have been the most challenging and the most rewarding,” said Dan Rollins, chairman and CEO of BancorpSouth, and Past Chair of MEC.

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