Mississippi Small Businesses: Five Fast Facts
April 17, 2024
Delaney Sexton
Contributing Editor
Mississippi Small Businesses: Five Fast Facts
- There are 266,385 small businesses in Mississippi.
- In 2021, banks issued $967.8 million in loans to Mississippi small businesses with revenues of $1 million or less.
- Total reported new lending through loans of $1 million or less was $2.7 billion.
- Exports by small businesses reached $1.8 billion in 2021.
- Women owned 45.3% of small businesses, and racial minorities owned 32.4% of small businesses.
Source:
SBA Office of Advocacy 2023 Mississippi Small Business Profile