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County13th of 89 in Tennessee by approvalsFIPS 47179
SBA loans in Washington 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 Washington County, Tennessee, received 56 SBA loan approvals worth $39.8M in FY2021 to FY2025 (54 7(a), 2 504).
That is 18.2 approvals per 1,000 business establishments (3,076 establishments in 2023), below the Tennessee figure of 25.1 and below the national 41.0.
It ranks 13th of 89 Tennessee counties with approvals. In FY2025 there were 12.
34 lenders had approvals here; the most active were The First Bank and Trust Company (6), The Huntington National Bank (5) and U.S. Bank, National Association (4). 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 Washington County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The First Bank and Trust CompanyLebanon, VA | 6 | $1.1M | 10.7% | |
| 2 | The Huntington National BankColumbus, OH | 5 | $755K | 8.9% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 4 | $904K | 7.1% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 3 | $737K | 5.4% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.6% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.6% | |
| 7 | HomeTrust BankAsheville, NC | 2 | — | 3.6% | |
| 8 | Citizens BankElizabethton, TN | 2 | — | 3.6% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.6% | |
| 10 | Eclipse Bank IncLouisville, KY | 2 | — | 3.6% | |
| 11 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.6% | |
| 12 | Centennial BankConway, AR | 2 | — | 3.6% | |
| 13 | First Community BankBluefield, VA | 1 | — | 1.8% | |
| 14 | Peoples BankMendenhall, MS | 1 | — | 1.8% | |
| 15 | First-Citizens Bank & Trust CompanyRaleigh, NC | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 8.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 7.1% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.4% | |
| 4 | Health and Personal Care RetailersNAICS 4561 | 3 | 5.4% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 5.4% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.6% | |
| 7 | Activities Related to Real EstateNAICS 5313 | 2 | 3.6% | |
| 8 | Lessors of Real EstateNAICS 5311 | 2 | 3.6% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 2 | 3.6% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 10 | 17.9% | |
| 2 | Accommodation and Food Services | 9 | 16.1% | |
| 3 | Construction | 6 | 10.7% | |
| 4 | Other Services (except Public Administration) | 5 | 8.9% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 8.9% | |
| 6 | Health Care and Social Assistance | 4 | 7.1% | |
| 7 | Real Estate and Rental and Leasing | 4 | 7.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 4 | 7.1% |
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* | 10 | $9.4M | $413K | 1 | — | 11 | 172 |
| FY2025 | 11 | $13.3M | $756K | 1 | — | 12 | 114 |
| FY2024 | 6 | $711K | $98K | 0 | — | 6 | 12 |
| FY2023 | 10 | $2.4M | $128K | 0 | — | 10 | 172 |
| FY2022 | 16 | $11.7M | $227K | 1 | — | 17 | 186 |
| FY2021 | 11 | $10.2M | $630K | 0 | — | 11 | 257 |
| FY2020 | 14 | $6.9M | $141K | 0 | — | 14 | 159 |
| FY2019 | 4 | $4.2M | $93K | 2 | — | 6 | 34 |
| FY2018 | 9 | $8.6M | $350K | 0 | — | 9 | 53 |
| FY2017 | 7 | $4.7M | $350K | 0 | — | 7 | 52 |
| FY2016 | 4 | $2.8M | $443K | 0 | — | 4 | 30 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 40 approvals.
Against Tennessee and the country
| FY2021–FY2025 | Washington County | Tennessee | United States |
|---|---|---|---|
| Approvals | 56 | 3,767 | 342,825 |
| Approvals per 1,000 establishments | 18.2 | 25.1 | 41.0 |
| Median 7(a) approval | $334K | $250K | $190K |
| Median 504 approval | — | $1.1M | $657K |
| Average approval | $710K | $640K | $573K |
| 504 share of approvals | 3.6% | 3.5% | 11.0% |
| Jobs supported per approval, as reported | 13.2 | 11.5 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less12.5%7
- $50,001 to $150,00028.6%16
- $150,001 to $350,00010.7%6
- $350,001 to $1 million33.9%19
- $1 million to $2 million5.4%3
- Over $2 million8.9%5
Age of the businesses
- Existing, more than 2 years old37.5%21
- New business, 2 years or less23.2%13
- Startup, loan funds will open the business28.6%16
- Change of ownership10.7%6
Questions and answers
Which lenders make the most SBA loans in Washington County?
By approvals in FY2021 to FY2025: The First Bank and Trust Company (6), The Huntington National Bank (5), U.S. Bank, National Association (4), BayFirst National Bank (3), Newtek Bank, National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washington County?
The median 7(a) approval was $334K; the Tennessee 7(a) median was $250K.
Which industries get the most SBA loans in Washington County?
Restaurants and Other Eating Places (5); Traveler Accommodation (4); Offices of Other Health Practitioners (3); Health and Personal Care Retailers (3); Management, Scientific, and Technical Consulting Services (3).
Is SBA lending in Washington County rising?
Approvals in the three latest complete fiscal years total 28, against 42 in the three before: falling (-33%).
How does Washington County compare with the rest of Tennessee?
18.2 approvals per 1,000 establishments against 25.1 statewide, and 56 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