Businesses in Tennessee searching for SBA loans have a diverse set of lending institutions to consider. Here, we delve into the top 10 SBA lenders in the state, highlighting what makes each unique and valuable for potential borrowers:
Tennessee Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 102 | $80,141 | 7.3% |
| 2 | The Huntington National Bank | Columbus, OH | 35 | $395,969 | 7.4% |
| 3 | Pinnacle Bank | Nashville, TN | 28 | $1,033,789 | 6.5% |
| 4 | BayFirst National Bank | Saint Petersburg, FL | 25 | $182,932 | 8.8% |
| 5 | Regions Bank | Birmingham, AL | 18 | $845,028 | 7.3% |
| 6 | BancorpSouth Bank | Tupelo, MS | 17 | $324,794 | 7.2% |
| 7 | Wells Fargo | Sioux Falls, SD | 17 | $73,665 | 9.3% |
| 8 | Newtek Small Business Finance | Lake Success, NY | 16 | $465,375 | 7.8% |
| 9 | First Horizon Bank | Memphis, TN | 14 | $1,041,464 | 6.5% |
| 10 | Live Oak | Wilmington, NC | 14 | $1,183,929 | 6.7% |
| 11 | United Midwest Savings Bank | De Graff, OH | 14 | $150,000 | 7.5% |
| 12 | Bank of America | Charlotte, NC | 13 | $316,338 | 4.8% |
| 13 | CapStar Bank | Nashville, TN | 13 | $819,208 | 6.8% |
| 14 | Readycap Lending, LLC | Berkeley Heights, NJ | 13 | $596,292 | 8.2% |
| 15 | Celtic Bank | Salt Lake City, UT | 7 | $351,757 | 7.1% |
| 16 | Citizens Bank | Elizabethton, TN | 7 | $328,371 | 6.7% |
| 17 | Brightbridge, Inc. | Chattanooga, TN | 6 | $229,083 | 9.6% |
| 18 | Fifth Third Bank | Cincinnati, OH | 6 | $194,367 | 6.6% |
| 19 | Simmons Bank | Pine Bluff, AR | 6 | $749,600 | 7.9% |
| 20 | Stearns Bank | Saint Cloud, MN | 6 | $340,250 | 7.8% |
| 21 | The First Bank and Trust | Lebanon, VA | 6 | $306,717 | 6.0% |
| 22 | First Farmers and Merchants Bank | Columbia, TN | 5 | $422,280 | 6.9% |
| 23 | Metro City Bank | Doraville, GA | 5 | $1,377,000 | 5.3% |
| 24 | Byline Bank | Chicago, IL | 4 | $1,044,000 | 6.8% |
| 25 | Customers Bank | Malvern, PA | 4 | $2,213,750 | 6.2% |
| 26 | First Financial Bank | El Dorado, AR | 4 | $1,804,500 | 6.5% |
| 27 | Northeast Bank | Lewiston, ME | 4 | $81,200 | 8.3% |
| 28 | Renasant Bank | Tupelo, MS | 4 | $1,447,500 | 7.0% |
| 29 | Republic Bank & Trust | Louisville, KY | 4 | $353,400 | 5.1% |
| 30 | United Community Bank | Blairsville, GA | 4 | $762,750 | 5.9% |
| 31 | BankPlus | Belzoni, MS | 3 | $2,346,300 | 4.1% |
| 32 | First Bank of the Lake | Osage Beach, MO | 3 | $370,000 | 7.7% |
| 33 | Grasshopper Bank | New York City, NY | 3 | $789,000 | 6.5% |
| 34 | Truist Bank | Charlotte, NC | 3 | $833,000 | 5.9% |
| 35 | West Town Bank & Trust | North Riverside, IL | 3 | $216,667 | 7.8% |
1. U.S. Bank
U.S. Bank, headquartered in Cincinnati, Ohio, stands as a national leader in SBA lending for Tennessee. With 102 loans, the bank provides an average loan amount of $80,141 at a 7.3% interest rate. U.S. Bank’s national reach makes it an attractive choice for businesses seeking a well-established and widely accessible financial partner.
2. The Huntington National Bank
The Huntington National Bank, based in Columbus, Ohio, takes the second spot with a regional focus on Tennessee. Having granted 35 loans, the bank offers an average loan amount of $395,969 at a 7.4% interest rate. Businesses in Tennessee looking for a lender with regional expertise and a broad range of financial services may find The Huntington National Bank appealing.
3. Pinnacle Bank
Pinnacle Bank, headquartered in Nashville, Tennessee, stands out as a key player in the state. With 28 loans, the bank specializes in larger loan amounts, providing an average loan of $1,033,789 at a competitive 6.5% interest rate. Pinnacle Bank is a significant option for businesses in need of substantial financial support.
4. BayFirst National Bank
BayFirst National Bank, based in Saint Petersburg, Florida, secures the fourth position. With 25 loans, the bank offers an average loan amount of $182,932 at a relatively higher 8.8% interest rate. Businesses seeking a lender with a regional touch and competitive financing terms may find BayFirst National Bank to be a suitable choice.
5. Regions Bank
Regions Bank, headquartered in Birmingham, Alabama, secures the fifth spot in Tennessee. With 18 loans, the bank provides an average loan amount of $845,028 at a 7.3% interest rate. Regions Bank offers a blend of national reach and significant loan offerings, making it an attractive choice for businesses seeking comprehensive financial solutions.
6. BancorpSouth Bank
BancorpSouth Bank, based in Tupelo, Mississippi, takes the sixth position with a regional focus on Tennessee. Having supported businesses with 17 loans, the bank offers an average loan of $324,794 at a 7.2% interest rate. BancorpSouth Bank may be an attractive option for businesses seeking a regional bank with personalized service.
7. Wells Fargo
Wells Fargo, headquartered in Sioux Falls, South Dakota, secures the seventh spot. With 17 loans, the bank provides an average loan amount of $73,665 at a 9.3% interest rate. Wells Fargo, as a well-established national bank, is a viable choice for businesses in Tennessee looking for a reputable financial partner.
8. Newtek Small Business Finance
Newtek Small Business Finance, based in Lake Success, New York, is the eighth-ranked lender. With 16 loans, the lender offers an average loan amount of $465,375 at a 7.8% interest rate. Newtek Small Business Finance may be an attractive option for businesses seeking a lender with a national reach and a focus on diverse financial services.
9. First Horizon Bank
First Horizon Bank, headquartered in Memphis, Tennessee, secures the ninth position. With 14 loans, the bank specializes in larger loan amounts, offering an average of $1,041,464 at a 6.5% interest rate. Businesses in need of substantial financial support may find First Horizon Bank to be a strategic partner.
10. Live Oak
Live Oak, based in Wilmington, North Carolina, closes the top 10 SBA lenders in Tennessee. With 14 loans, the bank offers an average loan amount of $1,183,929 at a 6.7% interest rate. Live Oak stands out for businesses in Tennessee seeking significant funding for growth and expansion.
In conclusion, Tennessee businesses have a diverse array of SBA lenders to choose from, each offering unique strengths and services. Whether seeking regional support, substantial funding, or a national banking partner, these top 10 lenders cater to the varying needs of businesses in the Volunteer State.
Top Industries for SBA loans in Tennessee
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 25 | $413,652 | 6.5% |
| 2 | Limited-Service Restaurants | 24 | $564,575 | 7.3% |
| 3 | Hotels (except Casino Hotels) and Motels | 18 | $2,775,906 | 6.3% |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 16 | $575,213 | 7.1% |
| 5 | Fitness and Recreational Sports Centers | 15 | $468,007 | 6.9% |
| 6 | Insurance Agencies and Brokerages | 12 | $130,208 | 7.0% |
| 7 | Electrical Contractors | 12 | $247,208 | 6.8% |
| 8 | Residential Remodelers | 10 | $76,400 | 8.9% |
| 9 | Snack and Nonalcoholic Beverage Bars | 10 | $664,950 | 7.2% |
| 10 | Sports and Recreation Instruction | 9 | $302,711 | 5.8% |
| 11 | Offices of Physicians (except Mental Health Specialists) | 9 | $1,040,478 | 5.8% |
| 12 | Child Day Care Services | 8 | $1,332,613 | 6.1% |
| 13 | All Other Personal Services | 8 | $426,463 | 7.1% |
| 14 | Marketing Consulting Services | 8 | $69,375 | 8.0% |
| 15 | Other Personal Care Services | 8 | $169,725 | 7.3% |
| 16 | General Freight Trucking, Local | 7 | $417,371 | 6.3% |
| 17 | Janitorial Services | 6 | $343,667 | 6.5% |
| 18 | Beauty Salons | 6 | $218,583 | 6.7% |
| 19 | General Automotive Repair | 6 | $242,083 | 6.4% |
| 20 | Supermarkets and Other Grocery (except Convenience) Stores | 6 | $506,483 | 7.6% |
| 21 | Pet Care (except Veterinary) Services | 6 | $522,433 | 6.0% |
| 22 | Offices of Dentists | 5 | $2,077,560 | 7.2% |
| 23 | Electronic Shopping and Mail-Order Houses | 5 | $179,120 | 6.0% |
| 24 | Broilers and Other Meat Type | 5 | $2,285,720 | 5.7% |
| 25 | All Other Specialty Trade Contractors | 5 | $247,300 | 9.3% |
| 26 | Painting and Wall Covering Contractors | 5 | $221,160 | 6.9% |
| 27 | Offices of All Other Miscellaneous Health Practitioners | 4 | $260,625 | 8.4% |
| 28 | All Other Amusement and Recreation Industries | 4 | $886,250 | 6.6% |
| 29 | Carpet and Upholstery Cleaning Services | 4 | $653,750 | 7.3% |
| 30 | Finish Carpentry Contractors | 4 | $150,000 | 7.3% |
| 31 | Home Health Care Services | 4 | $1,431,250 | 8.9% |
| 32 | Process, Physical Distribution, and Logistics Consulting Services | 4 | $82,500 | 7.0% |
| 33 | Site Preparation Contractors | 4 | $77,800 | 6.5% |
| 34 | Framing Contractors | 4 | $50,000 | 6.5% |
| 35 | Other Services to Buildings and Dwellings | 3 | $26,667 | 6.5% |
| 36 | Other Management Consulting Services | 3 | $73,667 | 8.7% |
| 37 | Other Direct Selling Establishments | 3 | $95,433 | 7.8% |
| 38 | Offices of Podiatrists | 3 | $711,867 | 6.5% |
| 39 | Offices of Certified Public Accountants | 3 | $513,000 | 6.8% |
| 40 | Used Merchandise Stores | 3 | $184,667 | 7.4% |
Top SBA Loan Franchises in Tennessee
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Pro-Lift Doors | 4 | $150,000 | 7.3% |
| 2 | Scooter’s Coffee | 4 | $1,101,000 | 6.1% |
| 3 | Hotworx | 3 | $296,000 | 6.7% |
| 4 | Baymont Inn & Suites | 3 | $3,063,267 | 5.3% |
| 5 | Zaxby’s | 2 | $1,155,950 | 8.1% |
| 6 | SafeSplash Swim School | 2 | $84,500 | 6.0% |
| 7 | Premier Martial Arts Studio | 2 | $139,000 | 5.5% |
| 8 | Kidokinetics | 2 | $150,000 | 6.0% |
| 9 | Whit’s Frozen Custard | 2 | $164,500 | 7.8% |
| 10 | Ace Handyman Services | 2 | $150,000 | 6.8% |
| 11 | CertaPro Painters | 2 | $346,900 | 6.0% |
| 12 | Restore Cryotherapy | 2 | $178,500 | 5.4% |
| 13 | Burn Boot Camp | 2 | $330,250 | 5.1% |
| 14 | The Maids | 2 | $20,000 | 6.5% |
| 15 | The Exercise Coach | 2 | $145,000 | 5.8% |
| 16 | Fibrenew | 2 | $150,000 | 6.3% |
| 17 | Club Pilates | 2 | $174,500 | 7.8% |
| 18 | Dee-O-Gee | 2 | $298,250 | 6.0% |
| 19 | The Toasted Yolk Cafe | 2 | $382,000 | 6.0% |
| 20 | Comfort Keepers | 2 | $2,780,000 | 9.0% |
| 21 | Motel 6 | 2 | $2,350,000 | 4.5% |
| 22 | Super 8 | 2 | $2,758,750 | 6.8% |
Top Tennessee SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | ACKLEN AVENUE SOFTWARE LLC | Nashville, TN | Custom Computer Programming Services | $1M – $2.5M | 8.5% | 216 |
| 2 | COMFORT KEEPERS | Brentwood, TN | Home Health Care Services | $2.5M – $5M | 9.0% | 176 |
| 3 | MAINSTREAM HEATING AND COOLING | Clarksville, TN | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 9.3% | 152 |
| 4 | FELTZ THERAPY SERVICES LLC | Nashville, TN | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $500K – $1M | 7.8% | 146 |
| 5 | BRIGHTHOUSE GREEN HOME CLEANIN | Nashville, TN | Janitorial Services | $250K – $500K | 8.3% | 118 |
| 6 | MENIMA LLC | Bartlett, TN | Home Health Care Services | $250K or less | 7.5% | 100 |
| 7 | FUEL SYSTEMS INTERNATIONAL LL | Nashville, TN | Commercial and Industrial Machinery and Equipment (except Automotive a | $250K or less | 6.8% | 96 |
| 8 | GULLY BOYZ EAST NASHVILLE LLC | Nashville, TN | Limited-Service Restaurants | $250K – $500K | 8.0% | 80 |
| 9 | AR SWIM SCHOOLS INC. | Collierville, TN | Sports and Recreation Instruction | $250K or less | 6.0% | 76 |
| 10 | CASH T4L TN LLC | Brentwood, TN | Limited-Service Restaurants | $250K or less | 8.5% | 66 |
| 11 | MED-RIDE INC. | Jamestown, TN | Bus and Other Motor Vehicle Transit Systems | $500K – $1M | 6.5% | 65 |
| 12 | CLIMATE HOLDINGS LLC | Knoxville, TN | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 7.4% | 64 |
| 13 | SMOKY MOUNTAIN CUSTARD LLC | Farragut, TN | Snack and Nonalcoholic Beverage Bars | $250K or less | 7.8% | 60 |
| 14 | DIGESTIVE AND LIVER HEALTH SPE | Hendersonville, TN | Offices of Physicians (except Mental Health Specialists) | $500K – $1M | 4.3% | 60 |
| 15 | EMERSON GROUP LLC | Lenoir City, TN | Offices of Podiatrists | $1M – $2.5M | 6.8% | 60 |
| 16 | FRESH CO. FOODS LLC | Nashville, TN | Caterers | $250K or less | 10.0% | 55 |
| 17 | JAYMAX HOSPITALITY INC | Madisonville, TN | Full-Service Restaurants | $1M – $2.5M | 6.3% | 54 |
| 18 | WASABI JAPANESE STEAKHOUSE 1 | Knoxville, TN | Full-Service Restaurants | $1M – $2.5M | 5.0% | 54 |
| 19 | WASABI JAPANESE STEAKHOUSE 2 | Knoxville, TN | Full-Service Restaurants | $1M – $2.5M | 5.0% | 52 |
| 20 | THE HIDEOUT SALON AND LOUNGE | Nashville, TN | Beauty Salons | $250K or less | 9.0% | 50 |
| 21 | ABC BEHAVIOR THERAPY | Cordova, TN | Offices of Mental Health Practitioners (except Physicians) | $250K – $500K | 3.0% | 50 |
| 22 | ABC BEHAVIOR THERAPY LLC | Cordova, TN | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 3.0% | 50 |
| 23 | SPIRIT OF THE SMOKIES CONDO LO | Pigeon Forge, TN | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 7.0% | 48 |
| 24 | JAVA JUICE HOUSE LLC | Johnson City, TN | Limited-Service Restaurants | $250K or less | 7.5% | 47 |
| 25 | APEX RECOVERY LLC | Columbia, TN | Residential Mental Health and Substance Abuse Facilities | $2.5M – $5M | 6.3% | 47 |
| 26 | 4VX LLC | Murfreesboro, TN | Industrial Machinery and Equipment Merchant Wholesalers | $1M – $2.5M | 5.3% | 44 |
| 27 | AVO INC | Nashville, TN | Full-Service Restaurants | $250K – $500K | 3.0% | 43 |
| 28 | TIGER STREEK LLC | Clarksville, TN | Limited-Service Restaurants | $500K – $1M | 9.0% | 42 |
| 29 | GLOVEBIRDS LLC | Arlington, TN | Full-Service Restaurants | $500K – $1M | 8.8% | 42 |
| 30 | SOUTH EAST MOWING LLC | Blountville, TN | Site Preparation Contractors | $250K or less | 6.0% | 40 |
| 31 | CORPORATE QUARTERS INC. | Knoxville, TN | Nonresidential Property Managers | $500K – $1M | 6.8% | 40 |
| 32 | WTCB FOODS LLC | Brentwood, TN | Limited-Service Restaurants | $500K – $1M | 8.0% | 40 |
| 33 | H&M CHICKEN LLC | Mcminnville, TN | Limited-Service Restaurants | $1M – $2.5M | 8.3% | 40 |
| 34 | BK SPORTS NASHVILLE LLC | Hermitage, TN | All Other Amusement and Recreation Industries | $2.5M – $5M | 9.0% | 40 |
| 35 | COUNTRY VIEW MARKET LLC | Charlotte, TN | Supermarkets and Other Grocery (except Convenience) Stores | $1M – $2.5M | 7.3% | 38 |
| 36 | NOLO 615 INC. | Nolensville, TN | Child Day Care Services | $2.5M – $5M | 4.3% | 38 |
| 37 | MBF LLC | Maryville, TN | Full-Service Restaurants | $500K – $1M | 4.5% | 36 |
| 38 | FAMILY PET HEALTH PLLC | Murfreesboro, TN | Veterinary Services | $2.5M – $5M | 7.3% | 36 |
| 39 | VCC WELLNESS LLC | Franklin, TN | Offices of All Other Miscellaneous Health Practitioners | $500K – $1M | 8.3% | 34 |
| 40 | JAMES ADKINS | Columbia, TN | Janitorial Services | $500K – $1M | 6.0% | 34 |
| 41 | CLEAN RITE COMMERCIAL CLEANING | Dandridge, TN | Janitorial Services | $500K – $1M | 6.0% | 33 |
| 42 | SCOTTS PLUMBING COMPANY INC | Knoxville, TN | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 6.3% | 33 |
| 43 | ISAAC BROTHERS LLC | Nashille, TN | Limited-Service Restaurants | $250K – $500K | 9.0% | 32 |
| 44 | YOUR MOVE LLC | Knoxville, TN | Other Waste Collection | $250K – $500K | 6.3% | 32 |
| 45 | THE BRO TEAM LLC | Brentwood, TN | All Other Personal Services | $500K – $1M | 6.8% | 32 |
| 46 | COLORTECH INK & COATINGS LLC | Adamsville, TN | Printing Ink Manufacturing | $250K – $500K | 8.0% | 31 |
| 47 | LOTUS LEARNING CENTER | Nashville, TN | Child Day Care Services | $250K – $500K | 4.8% | 30 |
| 48 | ROCKY TOP HOLDING COMPANY LLC | Knoxville, TN | Lessors of Nonresidential Buildings (except Miniwarehouses) | $500K – $1M | 5.5% | 30 |
| 49 | METROPOLITAN CARDIOVASCULAR IN | Memphis, TN | Offices of Physicians (except Mental Health Specialists) | $1M – $2.5M | 5.0% | 30 |
| 50 | BRELLAANCAKE COFFEE LLC | Kingsport, TN | Snack and Nonalcoholic Beverage Bars | $1M – $2.5M | 7.8% | 29 |
| 51 | GSP INVESTMENTS LLC | Knoxville, TN | Child Day Care Services | $2.5M – $5M | 5.8% | 29 |
| 52 | MY CURIOUS CANINE LLC | Knoxville, TN | Pet Care (except Veterinary) Services | $250K or less | 6.0% | 26 |
| 53 | THE FAINTING GOAT COFFEE LLC | Spring Hill, TN | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 7.5% | 26 |
| 54 | PARADOXE CORPORATION | Jackson, TN | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | $2.5M – $5M | 4.5% | 26 |
| 55 | BO’S AT INDIAN RIVER MARINA L | Jacksboro, TN | Marinas | $2.5M – $5M | 5.0% | 26 |
| 56 | GOLDEN ROAST INC | Knoxville, TN | All Other Specialty Food Stores | $250K or less | 9.3% | 25 |
| 57 | CHRISTOPHER WARD AND COMPANY | Memphis, TN | Sound Recording Studios | $250K or less | 6.3% | 25 |
| 58 | JTW FITNESS INC | Murfreesboro, TN | Fitness and Recreational Sports Centers | $250K or less | 7.8% | 24 |
| 59 | H & C HOSPITALITY CO | Memphis, TN | Full-Service Restaurants | $250K – $500K | 7.0% | 24 |
| 60 | ESTEEMED LLC | Gallatin, TN | All Other Personal Services | $250K – $500K | 8.0% | 24 |
| 61 | YOGASIX BELLEVIEW | Nashville, TN | Fitness and Recreational Sports Centers | $250K – $500K | 8.3% | 24 |
| 62 | BUCKSHOT JEFF CITY LLC | Jefferson City, TN | Limited-Service Restaurants | $250K – $500K | 8.5% | 24 |
| 63 | BELMONT DO-NUTS LLC | Memphis, TN | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 6.5% | 24 |
| 64 | E & H REFRIGERATION INC. | Martin, TN | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 6.3% | 24 |
| 65 | JTC FARM LLC | Old Fort, TN | Other Poultry Production | $1M – $2.5M | 6.0% | 24 |
| 66 | H & C HOSPITALITY CO | Germantown, TN | Full-Service Restaurants | $250K – $500K | 5.0% | 23 |
| 67 | DREAM HOME PUPPIES | Murfreesboro, TN | Pet and Pet Supplies Stores | $2.5M – $5M | 6.0% | 23 |
| 68 | DOG DAY VENTURES LLC | Franklin, TN | Full-Service Restaurants | $250K – $500K | 6.0% | 22 |
| 69 | SACCONE RESTAURANTS LLC | Knoxville, TN | Full-Service Restaurants | $250K – $500K | 6.5% | 22 |
| 70 | JDA REAL ESTATE | Cordova, TN | Lessors of Other Real Estate Property | $1M – $2.5M | 5.3% | 22 |
| 71 | PITA WAY COOL SPRINGS BLVD LLC | Franklin, TN | Limited-Service Restaurants | $250K – $500K | 5.5% | 21 |
| 72 | HAUTE POKE LLC | Franklin, TN | Limited-Service Restaurants | $250K – $500K | 6.0% | 21 |
| 73 | DR. MARRIO SMILES PLLC | Memphis, TN | Offices of Dentists | $500K – $1M | 6.5% | 21 |
| 74 | BETTER METALLLC | Murfreesboro, TN | Other Commercial Equipment Merchant Wholesalers | $1M – $2.5M | 6.5% | 21 |
| 75 | OPTIMAL MEDICAL MANAGEMENT LL | Knoxville,, TN | Offices of Physicians (except Mental Health Specialists) | $1M – $2.5M | 6.7% | 21 |
| 76 | OPRY MILLS DEVELOPMENT INC | Nashville, TN | Confectionery and Nut Stores | $250K or less | 8.8% | 20 |
| 77 | KINDERGARTEN SMORGASBOARD LLC | Brentwood, TN | Electronic Shopping and Mail-Order Houses | $250K or less | 9.8% | 20 |
| 78 | WOODROW B. HIXSON AND AMANDA | Greeneville, TN | Child Day Care Services | $250K or less | 6.0% | 20 |
| 79 | KUKURUKU CRISPY CHICKEN | Lakeland, TN | Limited-Service Restaurants | $250K – $500K | 9.3% | 20 |
| 80 | PINKY RING PIZZA LLC | Madison, TN | Limited-Service Restaurants | $250K – $500K | 5.8% | 20 |
| 81 | STELLA ROSETTA GROUP LLC | Memphis, TN | Limited-Service Restaurants | $250K – $500K | 6.5% | 20 |
| 82 | AMPLIFIED NUTRITION LLC | Cordova, TN | Limited-Service Restaurants | $500K – $1M | 4.8% | 20 |
| 83 | THE HORN GROUP LLC | Mount Juliet, TN | Snack and Nonalcoholic Beverage Bars | $1M – $2.5M | 5.5% | 20 |
| 84 | THE HORN GROUP LLC | Hendersonville, TN | Snack and Nonalcoholic Beverage Bars | $1M – $2.5M | 5.5% | 20 |
| 85 | IBG LLC | Knoxville, TN | Barber Shops | $250K or less | 7.5% | 19 |
| 86 | DILLOW-TAYLOR FUNERAL HOME AND | Jonesborough, TN | Funeral Homes and Funeral Services | $2.5M – $5M | 5.8% | 19 |
| 87 | EKO AFRICAN MARKET LLC | Nashville, TN | Supermarkets and Other Grocery (except Convenience) Stores | $250K or less | 7.7% | 18 |
| 88 | WARRICKS MAINTENANCE | Pegram, TN | Residential Remodelers | $250K or less | 8.5% | 18 |
| 89 | OPO COFFEE CORP. | Chattanooga, TN | Snack and Nonalcoholic Beverage Bars | $250K or less | 8.0% | 18 |
| 90 | SOUL’D OUT FITNESS LLC | Knoxville, TN | Fitness and Recreational Sports Centers | $500K – $1M | 5.0% | 18 |
| 91 | POWER AND PRYSE ORTHODONTICS | Clinton, TN | Offices of Dentists | $500K – $1M | 5.3% | 18 |
| 92 | GREGORY HOLDINGS LLC | Lebanon, TN | Offices of Dentists | $2.5M – $5M | 8.5% | 18 |
| 93 | WOLFCHASE 40 LLC | Bartlett, TN | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 8.0% | 18 |
| 94 | J & C ENTERPRISES LLC | Piperton, TN | Janitorial Services | $250K or less | 5.7% | 17 |
| 95 | TANNERHILL CORP | Franklin, TN | General Freight Trucking, Local | $500K – $1M | 6.0% | 17 |
| 96 | THE LAW OFFICE OF JAMES GRAHAM | Knoxville, TN | Offices of Lawyers | $1M – $2.5M | 6.3% | 17 |
| 97 | MOXLEY CARMICHAEL INC | Knoxville, TN | Advertising Agencies | $1M – $2.5M | 6.8% | 17 |
| 98 | TENNESSEE ELITE GYMNASTICS LL | Knoxville, TN | Sports and Recreation Instruction | $250K or less | 6.3% | 16 |
| 99 | MAIDON ENTERPRISES LLC | Collierville, TN | Sports and Recreation Instruction | $250K or less | 5.5% | 16 |
| 100 | LACE & COMPANY BRIDES BY BRITT | Columbia, TN | $500K – $1M | 7.5% | 16 |
Note about SBA lenders near me in Tennessee
When it comes to top Tennessee SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Tennessee preferred lender list, 2) approved lenders in Tennessee, or 3) active participants in the Tennessee SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Tennessee swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Tennessee, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.