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.