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County7th of 89 in Tennessee by approvalsFIPS 47125
SBA loans in Montgomery 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 138 loans to businesses in Montgomery County, Tennessee, in FY2021 to FY2025, worth $64.5M: 129 under 7(a) and 9 under 504.
That is 40.3 approvals per 1,000 business establishments (3,428 establishments in 2023), above the Tennessee figure of 25.1 and close to the national 41.0.
It ranks 7th of 89 Tennessee counties with approvals. In FY2025 there were 44, up 42% on FY2024.
40 lenders had approvals here; the most active were U.S. Bank, National Association (42), The Huntington National Bank (18) and Brightbridge, Inc. (6). The most common industry was restaurants and other eating places.
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 Montgomery County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 42 | $6.1M | 30.4% | |
| 2 | The Huntington National BankColumbus, OH | 18 | $4.6M | 13.0% | |
| 3 | Brightbridge, Inc.Chattanooga, TN · CDC | 6 | $8.8M | 4.3% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 6 | $3.3M | 4.3% | |
| 5 | Newtek Small Business Finance, Inc.Lake Success, NY | 5 | $4.1M | 3.6% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $1.2M | 3.6% | |
| 7 | Northeast BankLewiston, ME | 5 | $375K | 3.6% | |
| 8 | Citizens BankElizabethton, TN | 3 | $1.6M | 2.2% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 3 | $1.0M | 2.2% | |
| 10 | Security Bank USABemidji, MN | 3 | $505K | 2.2% | |
| 11 | Altra Federal Credit UnionOnalaska, WI | 3 | $421K | 2.2% | |
| 12 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $346K | 2.2% | |
| 13 | First Merchants BankIndianapolis, IN | 2 | — | 1.4% | |
| 14 | Planters Bank IncHopkinsville, KY | 2 | — | 1.4% | |
| 15 | Bank7Oklahoma City, OK | 2 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 27 | 19.6% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 8 | 5.8% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 5.8% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 7 | 5.1% | |
| 5 | Residential Building ConstructionNAICS 2361 | 7 | 5.1% | |
| 6 | Personal Care ServicesNAICS 8121 | 6 | 4.3% | |
| 7 | Specialized Freight TruckingNAICS 4842 | 5 | 3.6% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 2.9% | |
| 9 | Clothing and Clothing Accessories RetailersNAICS 4581 | 4 | 2.9% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 31 | 22.5% | |
| 2 | Construction | 23 | 16.7% | |
| 3 | Retail Trade | 17 | 12.3% | |
| 4 | Health Care and Social Assistance | 11 | 8.0% | |
| 5 | Other Services (except Public Administration) | 11 | 8.0% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 9 | 6.5% | |
| 7 | Professional, Scientific, and Technical Services | 9 | 6.5% | |
| 8 | Transportation and Warehousing | 8 | 5.8% |
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* | 35 | $14.9M | $100K | 1 | — | 36 | 181 |
| FY2025 | 40 | $17.0M | $198K | 4 | $4.2M | 44 | 519 |
| FY2024 | 31 | $13.9M | $50K | 0 | — | 31 | 361 |
| FY2023 | 27 | $11.6M | $222K | 1 | — | 28 | 503 |
| FY2022 | 16 | $2.2M | $40K | 2 | — | 18 | 228 |
| FY2021 | 15 | $9.8M | $303K | 2 | — | 17 | 126 |
| FY2020 | 5 | $330K | $50K | 0 | — | 5 | 6 |
| FY2019 | 9 | $939K | $50K | 2 | — | 11 | 63 |
| FY2018 | 25 | $4.3M | $75K | 1 | — | 26 | 110 |
| FY2017 | 18 | $9.6M | $194K | 0 | — | 18 | 306 |
| FY2016 | 14 | $5.3M | $135K | 1 | — | 15 | 226 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 75 approvals.
Against Tennessee and the country
| FY2021–FY2025 | Montgomery County | Tennessee | United States |
|---|---|---|---|
| Approvals | 138 | 3,767 | 342,825 |
| Approvals per 1,000 establishments | 40.3 | 25.1 | 41.0 |
| Median 7(a) approval | $150K | $250K | $190K |
| Median 504 approval | $489K | $1.1M | $657K |
| Average approval | $467K | $640K | $573K |
| 504 share of approvals | 6.5% | 3.5% | 11.0% |
| Jobs supported per approval, as reported | 12.6 | 11.5 | 10.5 |
| Share of state approvals | 3.7% | 100.0% | — |
Approval sizes
- $50,000 or less31.2%43
- $50,001 to $150,00016.7%23
- $150,001 to $350,00016.7%23
- $350,001 to $1 million21.0%29
- $1 million to $2 million8.0%11
- Over $2 million6.5%9
Age of the businesses
- Existing, more than 2 years old44.9%62
- New business, 2 years or less23.2%32
- Startup, loan funds will open the business26.8%37
- Change of ownership5.1%7
Questions and answers
Which lenders make the most SBA loans in Montgomery County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (42), The Huntington National Bank (18), Brightbridge, Inc. (6), BayFirst National Bank (6), Newtek Small Business Finance, Inc. (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montgomery County?
The median 7(a) approval was $150K and the median 504 approval $489K; the Tennessee 7(a) median was $250K.
Which industries get the most SBA loans in Montgomery County?
Restaurants and Other Eating Places (27); Building Equipment Contractors (8); Other Amusement and Recreation Industries (8); Services to Buildings and Dwellings (7); Residential Building Construction (7).
Is SBA lending in Montgomery County rising?
Approvals in the three latest complete fiscal years total 103, against 40 in the three before: rising (+158%).
How does Montgomery County compare with the rest of Tennessee?
40.3 approvals per 1,000 establishments against 25.1 statewide, and 138 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