The best small business loans for Jackson, MS

Take your business to new heights with the right financing

  • Apply in less than 60 seconds
  • Wide range of financing option for every need
  • Competitive rates and terms
  • Personalized service
  • Dedicated support team

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Industries we work with in Jackson, MS

We're proud to work with small businesses across various industries in Jackson, MS. Whether you're in healthcare, construction, or technology, we're here to help you grow and succeed. Our financing solutions are customized to meet your needs, so you can focus on what you do best - running your business!

Here are some of the many industries we serve:

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    Construction

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    Medical Practices

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    Beauty Salons

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    Retail Stores

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    Restaurants

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    Hotels

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    Manufacturing

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    Staffing

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    Automotive Businesses

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    Landscaping

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    Toy Businesses

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    Transportation

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    IT

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    Professional Services

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    Veterinary Practices

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    Franchise Businesses

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See why thousands of businesses have made SMB Compass

the top-rated small business loan provider in Jackson, MS

Garrett Cushing
Garrett Cushing
November 30, 2021.
Diligent and honest people to work with. SMB has been a great resource for my business, helped me through a variety of different financing over the years.
John Limato
John Limato
November 16, 2021.
I rarely write reviews but felt the need to thank the SMB team. Found them to be honest people that took the time to understand my business and walked me through the entire process.
Connor Johnson
Connor Johnson
November 4, 2021.
SMB helped me navigate through the growth period in my business. They were diligent and genuinely cared to make sure we got the percent line in place to meet our current needs. Very happy I was introduced to them and would highly recommend.
Michelle Cota
Michelle Cota
October 27, 2021.
I am so happy that SMB was able to help our company when we were in a jam. They were so attentive and so easy to work with. Helped step by step to get financed. Thank you Clay!
Veronica Akins
Veronica Akins
October 14, 2021.
SMB Compass was helpful and fast. They kept in contact and answered all my questions. The best part of our interactions was that the lender could have given me an extremely high interest rate loan when I thought that was my only option, but he instead told me of another option that fit our needs much better and saved us money! Thank you Clay
John Folco
John Folco
October 13, 2021.
True experts in the Commerical finance space. Great company to work with, look forward to a continued relationship.
Pat Mcandrews
Pat Mcandrews
October 8, 2021.
Great team of professionals to work with. Incredibly responsive and great problem solvers. Would recommend them to anybody.
Haroon S
Haroon S
September 22, 2021.
Clay was great to work with. Very responsive and great communication.
John Lutz
John Lutz
September 15, 2021.
Great people to work with. They were transparent and helpful from the first call to closing. I would recommend them to anyone in my network.
Matthew Seymour
Matthew Seymour
July 16, 2021.
Clay & Matt are experts in the industry and they are able to advise on a number of topics.

Learn more about our loan packages

The best small business loan in Jackson, MS

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    SBA Loans

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    Term Loan

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    Invoice Financing

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    Business Line of Credit

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    Inventory Financing

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    Bridge Loans

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    Equipment Financing

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    Asset Based Loans

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    Purchase Order Financing

FAQs about small business loans in Jackson, MS

How to get a small business loan in Jackson, MS?

If you’re looking to get a small business loan in Jackson, MS, here’s what you should do:

  1. Know what you need. Before applying for a loan, get a clear idea of how much money your business needs and how you will use the funds. Doing so can help identify the best type of loan for your needs.
  2. Check your credit score. Many lenders in Jackson, MS, will look at your credit score when reviewing your application, so knowing where you stand is important. If your score is less than ideal, consider improving it by making timely payments, keeping old accounts open, and limiting new credit applications.
  3. Research lenders. Many different types of lenders offer small business loans in Jackson, MS, including banks, credit unions, and online lenders. Research to find out which ones best fit your needs and qualifications.
  4. Prepare your application. Once you’ve identified potential lenders, prepare your loan application carefully. This may include providing financial statements, tax returns, and other documentation demonstrating your ability to repay the loan.
  5. Apply for the loan. If you’ve found a lender you’re comfortable with, it’s time to start your application. The process varies from lender to lender, but essentially, you need to submit your loan application along with the required documents. You also need to prepare to answer any additional questions the lender may have.
  6. Wait for a decision. The lender will then review your application and decide whether to approve your loan or not. Funding speed depends on the lender and loan type. Banks usually take weeks or months, while online lenders can fund your business in a day.
 

Jackson MS

Jackson MS

What is the highest business loan amount in Jackson, MS?

The highest business loan amount in Jackson, MS, will vary depending on the lender and the borrower's specific needs. However, the Small Business Administration (SBA) offers several loan programs with varying maximum loan amounts, ranging from $50,000 to $5 million. Additionally, alternative lenders in Jackson, MS, may provide larger loan amounts, but these may come with higher interest rates or stricter eligibility requirements.

How to ask for a business loan from a lender in Jackson, MS?

When asking for a business loan from a lender in Jackson, MS, it's important to be prepared with a strong business plan and financial projections demonstrating your ability to repay the loan. You should also research and compare different lenders to find one that is a good fit for your business needs and has favorable terms and interest rates.

 

To start the loan application process, you will typically need to submit a loan application and provide documentation such as financial statements, tax returns, and a business plan. The lender will review your application and may require additional information or documentation before deciding.

 

It's important to be responsive and timely in providing any requested information and to be prepared to negotiate terms and conditions if necessary.

Who provides loans to individuals and businesses in Jackson, MS?

Several types of lenders provide loans to individuals and businesses in Jackson, MS. These include traditional banks, credit unions, online lenders, and alternative lenders such as microlenders and community development financial institutions (CDFIs). The Small Business Administration (SBA) also partners with lenders to offer government-backed loan programs to small businesses.

 

When looking for a loan, compare different lenders to find one that is a good fit for your business needs and has favorable terms and interest rates. You may also want to consider working with a financial advisor or consultant who can help you navigate the loan application process and find the best financing options for your business.

What is the most common type of small business loan in Jackson, MS?

The most common type of small business loan in Jackson, MS, will vary depending on the business's and the lender's needs. However, some of the most common types of small business loans include the following:

  • Term loans: These are traditional loans repaid over a set period with interest.
  • Lines of credit: These provide businesses with a revolving line of credit that can be drawn upon as needed.
  • SBA loans: The Small Business Administration partners with lenders to offer government-backed loan programs to small businesses.
  • Invoice financing: This type of financing allows businesses to borrow against their outstanding invoices and receive cash upfront.
  • Equipment financing: This allows businesses to finance the purchase of equipment and machinery, with the equipment being the collateral for the loan.

Small business loans available in every city in Mississippi

  • Tupelo

  • Meridian

  • Greenville

  • Clinton

  • Madison

  • Pearl

  • Horn Lake

  • Oxford

  • Brandon

  • Starkville

  • Ridgeland

  • Columbus

  • Pascagoula

  • Vicksburg

  • Gautier

  • Ocean Springs

  • Laurel

  • Hernando