3,757 SBA loans worth $2.2B went to Tennessee businesses between October 2021 and June 2026, from 234 lenders. U.S. Bank made the most 7(a) loans, 444 or 12% of the state's total, and the ten most active lenders made 58%. The median 7(a) loan was $225,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 15% of loans. Annual loan count rose 54% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 444 | $81.0M | $40,000 | 43% | Construction |
| 2 | Huntington National Bank Bank · Columbus, OH | 386 | $155.1M | $240,000 | 69% | Restaurants and hotels |
| 3 | Newtek Bank Bank · Miami, FL | 279 | $106.0M | $175,000 | 23% | Other services (repair, personal care) |
| 4 | Northeast Bank Bank · Portland, ME | 227 | $31.4M | $100,000 | 13% | Retail |
| 5 | Pinnacle Bank Bank · Nashville, TN | 166 | $173.9M | $687,650 | 39% | Restaurants and hotels |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 166 | $36.3M | $50,000 | 19% | Professional and technical services |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 159 | $27.3M | $150,000 | 3% | Retail |
| 8 | Live Oak Banking Bank · Wilmington, NC | 131 | $177.7M | $850,000 | 42% | Health care and social assistance |
| 9 | United Midwest Savings Bank Bank · Degraff, OH | 102 | $29.9M | $150,000 | 84% | Construction |
| 10 | Regions Bank Bank · Birmingham, AL | 74 | $51.9M | $361,300 | 27% | Professional and technical services |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 70 | $38.6M | $150,000 | 26% | Retail |
| 12 | Wells Fargo Bank Bank · Sioux Falls, SD | 65 | $14.9M | $15,000 | 88% | Retail |
| 13 | Bank of America Bank · Charlotte, NC | 58 | $29.9M | $292,500 | 22% | Construction |
| 14 | Old National Bank Bank · Evansville, IN | 53 | $43.6M | $414,000 | 58% | Other services (repair, personal care) |
| 15 | First Bank of the Lake Bank · Osage Beach, MO | 50 | $33.5M | $356,000 | 64% | Administrative and support services |
| 16 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 50 | $24.4M | $261,500 | 38% | Restaurants and hotels |
| 17 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 40 | $6.3M | $150,000 | 0% | Construction |
| 18 | Citizens Bank Bank · Elizabethton, TN | 38 | $24.4M | $490,500 | 87% | Restaurants and hotels |
| 19 | Byline Bank Bank · Chicago, IL | 34 | $33.2M | $712,500 | 41% | Retail |
| 20 | JPMorgan Chase Bank Bank · Columbus, OH | 32 | $7.0M | $182,500 | 25% | Professional and technical services |
| 21 | Fifth Third Bank Bank · Cincinnati, OH | 29 | $26.3M | $310,600 | 45% | Health care and social assistance |
| 22 | First Horizon Bank Bank · Memphis, TN | 29 | $20.6M | $522,000 | 24% | Construction |
| 23 | First Farmers and Merchants Bank Bank · Columbia, TN | 29 | $8.6M | $243,500 | 79% | Health care and social assistance |
| 24 | United Community Bank Bank · Greenville, SC | 28 | $30.6M | $550,000 | 46% | Health care and social assistance |
| 25 | Brightbridge Non-bank lender · Chattanooga, TN | 28 | $6.6M | $237,100 | 50% | Restaurants and hotels |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Brightbridge Chattanooga, TN | 71 | $116.6M | $1,166,000 |
| 2 | South Central Tennessee Business Development Mt. Pleasant, TN | 21 | $30.5M | $1,005,000 |
| 3 | Mid-Cumberland Area Development Nashville, TN | 3 | $3.1M | $552,000 |
| 4 | Florida First Capital Finance Corporation Tallahassee, FL | 2 | $3.5M | $1,751,500 |
| 5 | Georgia Certified Development Atlanta, GA | 2 | $4.6M | $2,305,500 |
| 6 | Florida Business Development Tampa, FL | 2 | $3.5M | $1,731,000 |
| 7 | California Statewide Certified Development Davis, CA | 1 | $210K | $210,000 |
| 8 | Capital Partners Certified Development Atlanta, GA | 1 | $1.1M | $1,145,000 |
| 9 | Empire State Certified Development Latham, NY | 1 | $2.0M | $2,033,000 |
| 10 | Mortgage Capital Development Oakland, CA | 1 | $3.9M | $3,932,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 562 | $396,900 | Huntington National Bank | |
| Construction | 454 | $150,000 | U.S. Bank | |
| Other services (repair, personal care) | 429 | $243,900 | U.S. Bank | |
| Retail | 408 | $200,000 | U.S. Bank | |
| Professional and technical services | 335 | $150,000 | U.S. Bank | |
| Administrative and support services | 293 | $150,000 | Huntington National Bank | |
| Health care and social assistance | 292 | $300,000 | Newtek Bank | |
| Arts, entertainment and recreation | 204 | $323,000 | Huntington National Bank | |
| Manufacturing | 187 | $338,000 | Newtek Bank | |
| Wholesale trade | 126 | $350,000 | BayFirst National Bank | |
| Transportation and warehousing | 124 | $190,000 | Northeast Bank | |
| Real estate and rental | 99 | $342,000 | U.S. Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Nashville | 564 | $333.3M | $250,000 | Huntington National Bank |
| Knoxville | 333 | $179.7M | $300,000 | Huntington National Bank |
| Memphis | 285 | $163.8M | $224,000 | Pinnacle Bank |
| Franklin | 196 | $114.7M | $245,350 | Huntington National Bank |
| Chattanooga | 160 | $115.6M | $262,500 | Huntington National Bank |
| Murfreesboro | 152 | $88.3M | $184,250 | U.S. Bank |
| Clarksville | 149 | $69.9M | $150,000 | U.S. Bank |
| Hendersonville | 70 | $30.9M | $150,000 | Newtek Bank |
| Brentwood | 66 | $32.0M | $200,000 | Huntington National Bank |
| Spring Hill | 65 | $28.1M | $124,000 | U.S. Bank |
| Mount Juliet | 58 | $41.3M | $275,000 | Northeast Bank |
| Gallatin | 52 | $28.8M | $273,000 | U.S. Bank |
| Johnson City | 50 | $33.2M | $343,750 | First Bank and Trust |
| Collierville | 48 | $21.9M | $234,000 | Huntington National Bank |
| Maryville | 45 | $23.2M | $227,500 | U.S. Bank |
30 Tennessee cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.