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Geography · SBA lending record

SBA lenders in Tennessee

2,869 SBA 7(a) loans in the last five years, from 204 different lenders. Here is who actually lends here.

Loans, last 5 years
2,869
Lent
$1.72B
last 5 fiscal years
Active lenders
204
wrote at least one loan
Typical loan
$250k
median approved
6.8%
nationally 5.7%

Who lends here most

last 5 fiscal years
Lender Loans in TNTypical loan Median rate
U.S. Bank, National Association359$40kP+3.16
The Huntington National Bank301$304kP+2.45
Newtek Bank, National Association163$175kP+3.48
BayFirst National Bank152$150kP+4.08
Pinnacle Bank144$683kP+2.09
Readycap Lending, LLC132$50kP+4.76
Live Oak Banking Company109$890kP+1.73
Northeast Bank102$100kP+2.90
United Midwest Savings Bank National Association93$150kP+2.71
Regions Bank62$384kP+2.02

Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.

What gets funded here

by industry
Limited-Service Restaurants
4%
Full-Service Restaurants
4%
Fitness and Recreational Sports Centers
3%
Residential Remodelers
2%
Snack and Nonalcoholic Beverage Bars
2%
Other Personal Care Services
2%
Everything else
82%

How big the loans are

Under $150k
42%
$150k – $350k
20%
$350k – $750k
16%
$750k – $2M
14%
Over $2M
8%

If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.

SBA 504 lending in Tennessee

504 FOIA record

A 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Tennessee, and how they have performed.

504 loans since 2010
530
$545.6M in SBA seconds
Median project
$1.5M
bank first + 504 second
Default rate
6.8%
all 504 5.0%

CDCs most active in Tennessee

Most-financed here: Hotels (except Casino Hotels) and Mote…, Full-Service Restaurants, General Automotive Repair, Offices of Physicians.

Match with a CDC for your project → How 504 works →

Next

Compare all lenders → Check your eligibility → Find your industry →

Source SBA 7(a) FOIA Released 2026-06-30 Basis where the project is, not where the bank is

SBA lending in other states

States with comparable volume, plus the three largest markets.