Trustmark Bank: SBA Lending Record

Trustmark Bank in SBA records

Trustmark Bank holds 410 loans in SBA's data, with $103.6 million in gross approvals from FY2017 through FY2026. All are SBA 7(a), and SBA shows MS for the lender. The page shows what SBA's public file says about loans Trustmark Bank has now or held last, with the guarantee resting with SBA. Where a loan has been reassigned, the later holder is the one shown.

Mississippi at the centre

Mississippi accounts for 306 loans, Texas for 43, Alabama for 30 and Florida for 18. Of the 410 loans, 300 have no named class. Largest among the named ones is the full-service restaurant, at 36, then coffee shops and snack bars with 10, and medical offices and the limited-service restaurant with 9 each, and automotive repair with 7.

Cancellations and charge-offs

Of FY2017 through FY2024 approvals, 15.1% cancelled for sure. Trustmark Bank gets no cancellation ceiling here as Loan Analytics' rule requires, as too few loans lie behind it, and that is not the same as zero. Disbursed the FY2017 to FY2021 window: 209 loans. Charge-off floor so far: 4.8%. We hold back the five-year loss rate under a rule of our own, where too few loans lie behind it; and the blank is not a zero. Nothing is final for 209 open loans.

Questions for a restaurant or coffee shop study

The full-service restaurant is the class with weight here, at 36 loans, so the likeliest study is a restaurant one: kitchen labour, sales per seat, covers served at a plausible check and the rent the property will support. A coffee shop study asks about the morning crowd, the size of each ticket and the early months. A medical office study asks about visit volume, payer mix and provider capacity. With 300 loans unclassified, other property types have to make the market case themselves. Mississippi is where the file sits; a project elsewhere should explain what the holdings tell it. Leave slack for the delay a 15.1% cancellation floor implies, and show debt service coverage in two cases.

A note on the dollars

The 410 loans carry $103.6 million of gross dollars approved, the one measure of scale on the page. The cancellation floor of 15.1% and the charge-off floor of 4.8% are minimums, and two further rates are suppressed under Loan Analytics' own rule. A borrower should treat the page as context for a study: where the holdings sit, which classes appear, and what the floors suggest about planning, not about the borrower's own chances.