PriorityOne Bank
PriorityOne Bank is an active SBA lender in Mississippi, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 1 Google reviews.
About PriorityOne Bank
PriorityOne Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this bank provides various loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchase, or business expansion. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank's commitment to personalized service helps small business owners access the capital they need to thrive. Located in Magee, Mississippi, they serve the local community with a strong understanding of regional economic needs. The bank's SBA program history demonstrates a solid track record of successful approvals, with loan amounts reaching up to $967,200. Whether you're a startup or an established business, PriorityOne Bank is equipped to support your growth ambitions with flexible financing options.
Industries PriorityOne Bank finances
Business types PriorityOne Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about PriorityOne Bank
What is this place and what can I find here?
This is a local bank offering SBA loan programs and financial services designed to support small business growth and development in the Magee area.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may also be available during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Is there a fee to use this?
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the service.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the Magee area, but offers services to qualified applicants regionally.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of documentation and loan complexity.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and PriorityOne Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call PriorityOne Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
PriorityOne Bank is located in Mississippi — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for PriorityOne Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by PriorityOne Bank itself, which runs its own lending under its own ownership. If you work at PriorityOne Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for PriorityOne Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with PriorityOne Bank before applying. If you represent PriorityOne Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach PriorityOne Bank by phone at (601) 849-4690 or online at priorityonebank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with PriorityOne Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, PriorityOne Bank most often finances businesses in general retail and restaurants & food service. This reflects PriorityOne Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with PriorityOne Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether PriorityOne Bank participates in SBA Express depends on its specific SBA lending authority. Contact PriorityOne Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. PriorityOne Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. PriorityOne Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask PriorityOne Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask PriorityOne Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask PriorityOne Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with PriorityOne Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. PriorityOne Bank weighs this case by case under its own policy, so be upfront about your history and ask PriorityOne Bank how it evaluates prior bankruptcies.
