Community Bancshares Tops SBA Lending List

Mississippi Business Journal
Monday, September 15, 2014

Brandon, Miss.-based Community Bancshares continues to run far ahead of the state’s other banks in the amount of money loaned to businesses through the Small Business Administration. The bank has led the pack since 2010. From Oct. 1 through Aug. 31, Community Bancshares made 80 businesses more than $47 million in SBA loans. The company is one of only a handful of Mississippi banks the SBA designates as “Preferred Lending Partners,” authorizing the banks to approve SBA loans without the lengthy reviews normally required. “You know they know this stuff very well and can go ahead and approve them,” said Gary Reed, deputy director of SBA’s Mississippi District office in Jackson, Miss.