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County2nd of 89 in Tennessee by approvalsFIPS 47157
SBA loans in Shelby 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 468 loans to businesses in Shelby County, Tennessee, in FY2021 to FY2025, worth $303M: 460 under 7(a) and 8 under 504.
That is 24.2 approvals per 1,000 business establishments (19,359 establishments in 2023), close to the Tennessee figure of 25.1 and below the national 41.0.
It ranks 2nd of 89 Tennessee counties with approvals. In FY2025 there were 110, up 13% on FY2024.
82 lenders had approvals here; the most active were Pinnacle Bank (50), The Huntington National Bank (34) and BayFirst National Bank (27). 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 Shelby County
By number of approvals to businesses in the county, FY2021–FY2025; 82 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pinnacle BankNashville, TN | 50 | $52.0M | 10.7% | |
| 2 | The Huntington National BankColumbus, OH | 34 | $16.8M | 7.3% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 27 | $3.9M | 5.8% | |
| 4 | Northeast BankLewiston, ME | 27 | $3.3M | 5.8% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 26 | $5.0M | 5.6% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 25 | $7.7M | 5.3% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 23 | $3.1M | 4.9% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 16 | $2.5M | 3.4% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 14 | $17.0M | 3.0% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 13 | $4.5M | 2.8% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 12 | $14.5M | 2.6% | |
| 12 | Paragon BankMemphis, TN | 11 | $13.6M | 2.4% | |
| 13 | Regions BankBirmingham, AL | 11 | $5.7M | 2.4% | |
| 14 | Guaranty Bank and Trust CompanyBelzoni, MS | 10 | $6.6M | 2.1% | |
| 15 | Bank of BartlettBartlett, TN | 10 | $4.3M | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 54 | 11.5% | |
| 2 | Personal Care ServicesNAICS 8121 | 25 | 5.3% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 25 | 5.3% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 21 | 4.5% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 19 | 4.1% | |
| 6 | General Freight TruckingNAICS 4841 | 18 | 3.8% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 12 | 2.6% | |
| 8 | Traveler AccommodationNAICS 7211 | 10 | 2.1% | |
| 9 | Offices of DentistsNAICS 6212 | 9 | 1.9% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 8 | 1.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 70 | 15.0% | |
| 2 | Other Services (except Public Administration) | 67 | 14.3% | |
| 3 | Retail Trade | 64 | 13.7% | |
| 4 | Professional, Scientific, and Technical Services | 42 | 9.0% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 36 | 7.7% | |
| 6 | Construction | 31 | 6.6% | |
| 7 | Health Care and Social Assistance | 29 | 6.2% | |
| 8 | Transportation and Warehousing | 24 | 5.1% |
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* | 70 | $34.5M | $200K | 0 | — | 70 | 758 |
| FY2025 | 109 | $54.6M | $250K | 1 | — | 110 | 1,397 |
| FY2024 | 95 | $43.1M | $150K | 2 | — | 97 | 1,777 |
| FY2023 | 67 | $39.2M | $315K | 1 | — | 68 | 1,050 |
| FY2022 | 88 | $53.6M | $271K | 0 | — | 88 | 1,003 |
| FY2021 | 101 | $95.4M | $550K | 4 | $9.5M | 105 | 1,470 |
| FY2020 | 54 | $39.5M | $311K | 1 | — | 55 | 1,073 |
| FY2019 | 73 | $44.9M | $395K | 2 | — | 75 | 1,489 |
| FY2018 | 87 | $41.1M | $290K | 0 | — | 87 | 964 |
| FY2017 | 64 | $35.3M | $289K | 1 | — | 65 | 968 |
| FY2016 | 52 | $31.1M | $359K | 4 | $4.3M | 56 | 737 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 338 approvals.
Against Tennessee and the country
| FY2021–FY2025 | Shelby County | Tennessee | United States |
|---|---|---|---|
| Approvals | 468 | 3,767 | 342,825 |
| Approvals per 1,000 establishments | 24.2 | 25.1 | 41.0 |
| Median 7(a) approval | $300K | $250K | $190K |
| Median 504 approval | $1.3M | $1.1M | $657K |
| Average approval | $648K | $640K | $573K |
| 504 share of approvals | 1.7% | 3.5% | 11.0% |
| Jobs supported per approval, as reported | 14.3 | 11.5 | 10.5 |
| Share of state approvals | 12.4% | 100.0% | — |
Approval sizes
- $50,000 or less15.8%74
- $50,001 to $150,00023.5%110
- $150,001 to $350,00018.4%86
- $350,001 to $1 million26.5%124
- $1 million to $2 million7.3%34
- Over $2 million8.5%40
Age of the businesses
- Existing, more than 2 years old48.5%227
- New business, 2 years or less18.6%87
- Startup, loan funds will open the business23.1%108
- Change of ownership9.8%46
Questions and answers
Which lenders make the most SBA loans in Shelby County?
By approvals in FY2021 to FY2025: Pinnacle Bank (50), The Huntington National Bank (34), BayFirst National Bank (27), Northeast Bank (27), Wells Fargo Bank National Association (26). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Shelby County?
The median 7(a) approval was $300K and the median 504 approval $1.3M; the Tennessee 7(a) median was $250K.
Which industries get the most SBA loans in Shelby County?
Restaurants and Other Eating Places (54); Personal Care Services (25); Services to Buildings and Dwellings (25); Automotive Repair and Maintenance (21); Other Amusement and Recreation Industries (19).
Is SBA lending in Shelby County rising?
Approvals in the three latest complete fiscal years total 275, against 248 in the three before: rising (+11%).
How does Shelby County compare with the rest of Tennessee?
24.2 approvals per 1,000 establishments against 25.1 statewide, and 468 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