States › Tennessee › Sullivan County
County14th of 89 in Tennessee by approvalsFIPS 47163
SBA loans in Sullivan 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.
Businesses in Sullivan County, Tennessee, received 53 SBA loan approvals worth $40.6M in FY2021 to FY2025 (53 7(a), 0 504).
That is 15.7 approvals per 1,000 business establishments (3,382 establishments in 2023), below the Tennessee figure of 25.1 and below the national 41.0.
It ranks 14th of 89 Tennessee counties with approvals. In FY2025 there were 17.
26 lenders had approvals here; the most active were The First Bank and Trust Company (13), Powell Valley National Bank (4) and The Huntington National Bank (4). The most common industry was other specialty trade contractors.
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 Sullivan County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The First Bank and Trust CompanyLebanon, VA | 13 | $2.7M | 24.5% | |
| 2 | Powell Valley National BankJonesville, VA | 4 | $1.4M | 7.5% | |
| 3 | The Huntington National BankColumbus, OH | 4 | $654K | 7.5% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 3 | $3.8M | 5.7% | |
| 5 | Pinnacle BankNashville, TN | 3 | $3.5M | 5.7% | |
| 6 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.8% | |
| 7 | Citizens BankElizabethton, TN | 2 | — | 3.8% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.8% | |
| 9 | First Community BankBluefield, VA | 2 | — | 3.8% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.8% | |
| 11 | Shoreham BankWarwick, RI | 1 | — | 1.9% | |
| 12 | Metro City BankDoraville, GA | 1 | — | 1.9% | |
| 13 | T Bank, National AssociationDallas, TX | 1 | — | 1.9% | |
| 14 | Millennium BankDes Plaines, IL | 1 | — | 1.9% | |
| 15 | North State BankRaleigh, NC | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 17.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 11.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 4 | 7.5% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 7.5% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 3 | 5.7% | |
| 6 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 2 | 3.8% | |
| 7 | Other Nonmetallic Mineral Product ManufacturingNAICS 3279 | 2 | 3.8% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.8% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 2 | 3.8% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 11 | 20.8% | |
| 2 | Accommodation and Food Services | 9 | 17.0% | |
| 3 | Retail Trade | 9 | 17.0% | |
| 4 | Arts, Entertainment, and Recreation | 8 | 15.1% | |
| 5 | Other Services (except Public Administration) | 4 | 7.5% | |
| 6 | Wholesale Trade | 3 | 5.7% | |
| 7 | Health Care and Social Assistance | 3 | 5.7% | |
| 8 | Manufacturing | 2 | 3.8% |
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* | 4 | $623K | $143K | 0 | — | 4 | 15 |
| FY2025 | 17 | $13.2M | $350K | 0 | — | 17 | 132 |
| FY2024 | 4 | $2.8M | $275K | 0 | — | 4 | 20 |
| FY2023 | 11 | $6.8M | $150K | 0 | — | 11 | 105 |
| FY2022 | 12 | $6.8M | $150K | 0 | — | 12 | 143 |
| FY2021 | 9 | $11.1M | $1.0M | 0 | — | 9 | 115 |
| FY2020 | 14 | $5.5M | $143K | 0 | — | 14 | 169 |
| FY2019 | 7 | $7.3M | $311K | 1 | — | 8 | 100 |
| FY2018 | 2 | — | — | 4 | $2.0M | 6 | 21 |
| FY2017 | 5 | $2.2M | $350K | 0 | — | 5 | 64 |
| FY2016 | 14 | $2.8M | $185K | 0 | — | 14 | 110 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 47 approvals.
Against Tennessee and the country
| FY2021–FY2025 | Sullivan County | Tennessee | United States |
|---|---|---|---|
| Approvals | 53 | 3,767 | 342,825 |
| Approvals per 1,000 establishments | 15.7 | 25.1 | 41.0 |
| Median 7(a) approval | $308K | $250K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $766K | $640K | $573K |
| 504 share of approvals | 0.0% | 3.5% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 11.5 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less17.0%9
- $50,001 to $150,00026.4%14
- $150,001 to $350,00013.2%7
- $350,001 to $1 million15.1%8
- $1 million to $2 million15.1%8
- Over $2 million13.2%7
Age of the businesses
- Existing, more than 2 years old37.7%20
- New business, 2 years or less15.1%8
- Startup, loan funds will open the business32.1%17
- Change of ownership15.1%8
Questions and answers
Which lenders make the most SBA loans in Sullivan County?
By approvals in FY2021 to FY2025: The First Bank and Trust Company (13), Powell Valley National Bank (4), The Huntington National Bank (4), Live Oak Banking Company (3), Pinnacle Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sullivan County?
The median 7(a) approval was $308K; the Tennessee 7(a) median was $250K.
Which industries get the most SBA loans in Sullivan County?
Other Specialty Trade Contractors (9); Other Amusement and Recreation Industries (6); Traveler Accommodation (4); Restaurants and Other Eating Places (4); Beer, Wine, and Liquor Stores (3).
Is SBA lending in Sullivan County rising?
Approvals in the three latest complete fiscal years total 32, against 35 in the three before: broadly level (-9%).
How does Sullivan County compare with the rest of Tennessee?
15.7 approvals per 1,000 establishments against 25.1 statewide, and 53 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