Pike National Bank

This is a bank that offers SBA loan programs designed to support small businesses with funding options tailored to their needs. You can find assistance with loan applications, guidance on eligibility, and personalized financial solutions to help your business grow.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to contact the branch directly for specific hours or to schedule an appointment outside regular hours if needed.

There are standard SBA fees associated with loan processing and approval, which vary depending on the loan amount and terms. Details are provided during the application process and are designed to be transparent and competitive.

This bank primarily serves residents and small business owners within Mississippi and the surrounding regions. Eligibility for SBA loans depends on meeting specific criteria related to business type and location.

A minimum personal credit score of 620 is generally preferred, though higher scores can improve loan terms and approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and the complexity of the loan request.

Most banks keep weekday business hours and are closed on weekends, and Pike National 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 Pike National Bank to confirm current weekend availability before you go.

Pike National 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.

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

The core details for Pike National 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 Pike National Bank before applying. If you represent Pike National Bank, claim this listing to keep its information up to date.

You can reach Pike National Bank by phone at (601) 684-7575 or submit inquiries through their contact form at pnb-ms.net/connect/contact-us. Confirm directly with the bank about SBA loan program availability.

Like most SBA lenders, Pike National Bank 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 Pike National Bank 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 Pike National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Pike National Bank 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. Pike National Bank 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. Pike National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Pike National Bank 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 Pike National Bank 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 Pike National Bank 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 Pike National Bank 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. Pike National Bank weighs this case by case under its own policy, so be upfront about your history and ask Pike National Bank how it evaluates prior bankruptcies.