Southern AgCredit, FLCA

This is a financial institution specializing in SBA loans for agricultural and rural businesses, offering tailored financing solutions to support growth and operational needs.

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

Southern AgCredit, FLCA is open Monday through Friday from 8:00 AM to 4:30 PM. Please confirm specific hours with your local branch as they may vary.

Yes, there are application and processing fees associated with SBA loans, which vary depending on the loan size and terms.

This lender primarily serves agricultural and rural business clients, generally requiring applicants to be within their geographic service area and meet qualification criteria.

A minimum credit score of around 650 is typically required, but higher scores improve approval chances.

The process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Southern AgCredit, FLCA 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 Southern AgCredit, FLCA to confirm current weekend availability before you go.

Southern AgCredit, FLCA 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.

This page is an independent directory listing for Southern AgCredit, FLCA, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Southern AgCredit, FLCA itself, which runs its own lending under its own ownership. If you work at Southern AgCredit, FLCA, you can claim this listing from this page to manage it.

The core details for Southern AgCredit, FLCA — 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 Southern AgCredit, FLCA before applying. If you represent Southern AgCredit, FLCA, claim this listing to keep its information up to date.

You can reach Southern AgCredit, FLCA by phone at (601) 579-7800, email info@southernagcredit.com, or online at southernagcredit.com — please confirm with the lender for SBA inquiries.

Like most SBA lenders, Southern AgCredit, FLCA can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Southern AgCredit, FLCA directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Southern AgCredit, FLCA participates in SBA Express depends on its specific SBA lending authority. Contact Southern AgCredit, FLCA and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Southern AgCredit, FLCA can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Southern AgCredit, FLCA's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Southern AgCredit, FLCA directly whether it considers start-up loans.

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 Southern AgCredit, FLCA what down payment it expects for your specific commercial real estate purchase.

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 Southern AgCredit, FLCA to spell out any prepayment penalties before you sign.

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 Southern AgCredit, FLCA to confirm it qualifies and how to document it.

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. Southern AgCredit, FLCA weighs this case by case under its own policy, so be upfront about your history and ask Southern AgCredit, FLCA how it evaluates prior bankruptcies.