# BankFirst Financial Services (SBA lending)

Top of Mississippi's table, a photo finish.

The top of Mississippi's change-of-ownership table in the FOIA loan file, by a photo finish. It is an 1888 charter running fifty-plus locations across Mississippi and Alabama, a Community Development Financial Institution since 2010, with a named SBA manager on the page and the 7(a) and 504 programs behind him.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search, Diligence & Close the Deal
- Website: https://www.bankfirstfs.com/business/sba-lending

## At a Glance

In a state whose table is a three-way race, the tiebreakers are the person and the standing: this desk names its SBA manager on the page and has carried CDFI status for fifteen years. Meet all three Mississippi desks if the deal allows; start with the one that told you who answers.

## What It Costs

Loan products; no fee to engage. The page publishes the programs, 7(a) and 504, and a named SBA manager with a direct address, which is rarer than it should be. The 7(a) runs to $5,000,000 and the 504 carries ranges the page states per project. Interest rates are called market competitive with fees generally limited to the SBA guaranty fee, and a 2.75% plus legal review fee on the 504 second mortgage. The FOIA loan file puts it at the top of Mississippi's change-of-ownership table with 30 loans across the file's six years, in a genuine photo finish. Community Bank of Mississippi is also at 30 and Trustmark at 29, so the honest claim is a three-way race it currently edges.

## Best For

Buyers of Mississippi or Alabama businesses who want a community desk with a named SBA manager to call and CDFI standing behind it

## Pros and Cons

- Pro: Top of Mississippi's [change-of-ownership](https://searchspheresource.com/glossary/change-of-ownership) table in the FOIA loan file, edging a genuine three-way race
- Pro: A named SBA manager with a direct address on the page, so the first call has a person
- Pro: A Community Development Financial Institution since 2010, in its own words
- Pro: Fifty-plus locations across Mississippi and Alabama on an 1888 charter
- Con: The state lead is a photo finish, not a margin; two rivals sit within one loan of it
- Con: No published rates or maximums; programs and a person are the disclosure
- Con: A two-state footprint; a deal elsewhere is a different conversation
- Con: No [searcher](https://searchspheresource.com/glossary/searcher)-community footprint to weigh against its own claims

## What Searchers Say

The programs, the named SBA manager, the 1888 founding, the fifty-plus Mississippi and Alabama locations, and the CDFI-since-2010 standing are all its own pages'. The FOIA loan file independently places it first in Mississippi's change-of-ownership table by a single loan over one rival and one more over another, which this row reports as the photo finish it is.

## Sources

- https://www.bankfirstfs.com/business/sba-lending
- https://www.bankfirstfs.com/about
- https://searchspheresource.com/data/acquisition-lending

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/bankfirst-financial
Last checked: 2026-09-04

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