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County17th of 89 in Tennessee by approvalsFIPS 47113
SBA loans in Madison County, Tennessee
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 35 loans to businesses in Madison County, Tennessee, in FY2021 to FY2025, worth $45.7M: 31 under 7(a) and 4 under 504.
That is 13.5 approvals per 1,000 business establishments (2,598 establishments in 2023), below the Tennessee figure of 25.1 and below the national 41.0.
It ranks 17th of 89 Tennessee counties with approvals. In FY2025 there were 11.
20 lenders had approvals here; the most active were The Huntington National Bank (4), Brightbridge, Inc. (3) and Regions Bank (3). The most common industry was traveler accommodation.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 4 | $3.9M | 11.4% | |
| 2 | Brightbridge, Inc.Chattanooga, TN · CDC | 3 | $10.6M | 8.6% | |
| 3 | Regions BankBirmingham, AL | 3 | $8.0M | 8.6% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 3 | $2.5M | 8.6% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 3 | $675K | 8.6% | |
| 6 | Centennial BankTrezevant, TN | 2 | — | 5.7% | |
| 7 | Decatur County BankDecaturville, TN | 2 | — | 5.7% | |
| 8 | Colony BankFitzgerald, GA | 2 | — | 5.7% | |
| 9 | Northeast BankLewiston, ME | 2 | — | 5.7% | |
| 10 | BankPlusBelzoni, MS | 1 | — | 2.9% | |
| 11 | The Bank of EdisonEdison, GA | 1 | — | 2.9% | |
| 12 | Southern Bancorp BankArkadelphia, AR | 1 | — | 2.9% | |
| 13 | Enterprise Bank & TrustClayton, MO | 1 | — | 2.9% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.9% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 17.1% | |
| 2 | Household Appliances and Electrical and Electronic Goods Merchant WholesalersNAICS 4236 | 3 | 8.6% | |
| 3 | Clothing and Clothing Accessories RetailersNAICS 4581 | 3 | 8.6% | |
| 4 | Poultry and Egg ProductionNAICS 1123 | 2 | 5.7% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.7% | |
| 6 | Special Food ServicesNAICS 7223 | 2 | 5.7% | |
| 7 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.7% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 5.7% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 2 | 5.7% | |
| 10 | Gasoline StationsNAICS 4571 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 10 | 28.6% | |
| 2 | Retail Trade | 8 | 22.9% | |
| 3 | Health Care and Social Assistance | 4 | 11.4% | |
| 4 | Wholesale Trade | 3 | 8.6% | |
| 5 | Construction | 3 | 8.6% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.7% | |
| 7 | Other Services (except Public Administration) | 2 | 5.7% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 2.9% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 5 | $4.8M | $500K | 0 | — | 5 | 100 |
| FY2025 | 11 | $10.7M | $275K | 0 | — | 11 | 88 |
| FY2024 | 3 | $1.4M | $505K | 0 | — | 3 | 71 |
| FY2023 | 4 | $464K | $72K | 2 | — | 6 | 46 |
| FY2022 | 5 | $13.5M | $3.1M | 1 | — | 6 | 69 |
| FY2021 | 8 | $8.5M | $389K | 1 | — | 9 | 59 |
| FY2020 | 4 | $5.0M | $701K | 0 | — | 4 | 144 |
| FY2019 | 5 | $13.0M | $3.0M | 0 | — | 5 | 64 |
| FY2018 | 9 | $8.4M | $830K | 0 | — | 9 | 176 |
| FY2017 | 10 | $4.3M | $120K | 1 | — | 11 | 113 |
| FY2016 | 7 | $6.6M | $467K | 1 | — | 8 | 118 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Tennessee and the country
| FY2021–FY2025 | Madison County | Tennessee | United States |
|---|---|---|---|
| Approvals | 35 | 3,767 | 342,825 |
| Approvals per 1,000 establishments | 13.5 | 25.1 | 41.0 |
| Median 7(a) approval | $382K | $250K | $190K |
| Median 504 approval | $3.3M | $1.1M | $657K |
| Average approval | $1.3M | $640K | $573K |
| 504 share of approvals | 11.4% | 3.5% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 11.5 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less14.3%5
- $50,001 to $150,00014.3%5
- $150,001 to $350,00014.3%5
- $350,001 to $1 million17.1%6
- $1 million to $2 million5.7%2
- Over $2 million34.3%12
Age of the businesses
- Existing, more than 2 years old54.3%19
- New business, 2 years or less17.1%6
- Startup, loan funds will open the business20.0%7
- Change of ownership8.6%3
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: The Huntington National Bank (4), Brightbridge, Inc. (3), Regions Bank (3), U.S. Bank, National Association (3), Newtek Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $382K and the median 504 approval $3.3M; the Tennessee 7(a) median was $250K.
Which industries get the most SBA loans in Madison County?
Traveler Accommodation (6); Household Appliances and Electrical and Electronic Goods Merchant Wholesalers (3); Clothing and Clothing Accessories Retailers (3); Poultry and Egg Production (2); Automotive Repair and Maintenance (2).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 20, against 19 in the three before: broadly level (+5%).
How does Madison County compare with the rest of Tennessee?
13.5 approvals per 1,000 establishments against 25.1 statewide, and 35 of the state's 3,767 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error