Lenders › Pinnacle Bank
7(a) lenderNashville, TennesseeFDIC-insured bank38th of 2,184 by approvals
Pinnacle Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Pinnacle Bank, based in Nashville, Tennessee, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 1,047 of its 7(a) loans worth $1.26bn in FY2021 to FY2025, which places it 38th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 185 approvals totalling $233M, about level with FY2024 (176). FY2026 to 30 Jun 2026 adds 124 more.
The median approval was $745K, against $190K for the 7(a) program as a whole; 7.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 33 states and territories and 260 counties, led by North Carolina (20.4%), Tennessee (18.4%) and Georgia (14.9%). The largest industry group was retail trade at 15.9% of approvals, and 17.5% of approvals were to franchise businesses.
Of 1,881 disbursed loans approved in FY2010 to FY2021, SBA records 113 as charged off (6.0%), 1,390 as paid in full and 378 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 124 | $162M | $726K | $1.3M | 2,319 |
| FY2025 | 185 | $233M | $708K | $1.3M | 3,413 |
| FY2024 | 176 | $207M | $722K | $1.2M | 3,477 |
| FY2023 | 188 | $216M | $691K | $1.2M | 2,915 |
| FY2022 | 200 | $223M | $669K | $1.1M | 3,856 |
| FY2021 | 298 | $378M | $909K | $1.3M | 5,475 |
| FY2020 | 191 | $183M | $557K | $960K | 3,567 |
| FY2019 | 173 | $188M | $635K | $1.1M | 3,288 |
| FY2018 | 179 | $162M | $534K | $907K | 3,591 |
| FY2017 | 192 | $210M | $550K | $1.1M | 3,900 |
| FY2016 | 211 | $185M | $487K | $876K | 4,125 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 946 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | North Carolina | 7(a) program |
|---|---|---|---|
| Approvals in these years | 2,066 | 12,808 | 639,905 |
| Cancelled or never disbursed | 185 | 1,480 | 79,313 |
| Disbursed loans | 1,881 | 11,328 | 560,592 |
| Paid in full | 1,390 | 8,649 | 435,813 |
| Charged off | 113 | 705 | 36,891 |
| Still outstanding (status exempt from disclosure) | 378 | 1,974 | 87,888 |
| Charged off, share of disbursed loans | 6.0% | 6.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.8% | 1.8% | 2.5% |
| Dollars charged off | $49.3M | $111M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 277 | 127 | 9 | 3.2% | 2.8% |
| FY2020 | 172 | 92 | 3 | 1.7% | 4.0% |
| FY2019 | 157 | 94 | 2 | 1.3% | 6.7% |
| FY2018 | 162 | 111 | 13 | 8.0% | 7.9% |
| FY2017 | 176 | 141 | 12 | 6.8% | 7.7% |
| FY2016 | 195 | 169 | 12 | 6.2% | 7.2% |
| FY2015 | 172 | 152 | 10 | 5.8% | 6.9% |
| FY2014 | 128 | 118 | 6 | 4.7% | 6.4% |
| FY2013 | 132 | 119 | 10 | 7.6% | 6.0% |
| FY2012 | 110 | 94 | 13 | 11.8% | 6.3% |
| FY2011 | 114 | 100 | 14 | 12.3% | 6.9% |
| FY2010 | 86 | 73 | 9 | 10.5% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $745K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 7.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 42.2% | 34.3% |
| Approvals to franchise businesses | 17.5% | 11.5% |
| Jobs supported per approval, as reported | 18.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.0% | 6.6% |
States served
| # | State of the business (33 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | North Carolina | 214 | $228M | 20.4% | |
| 2 | Tennessee | 193 | $206M | 18.4% | |
| 3 | Georgia | 156 | $179M | 14.9% | |
| 4 | Florida | 144 | $209M | 13.8% | |
| 5 | South Carolina | 138 | $156M | 13.2% | |
| 6 | Alabama | 48 | $73.3M | 4.6% | |
| 7 | Virginia | 43 | $56.5M | 4.1% | |
| 8 | Texas | 35 | $41.1M | 3.3% | |
| 9 | Mississippi | 8 | $12.0M | 0.8% | |
| 10 | California | 7 | $10.0M | 0.7% | |
| 11 | Arizona | 5 | $11.7M | 0.5% | |
| 12 | Pennsylvania | 5 | $6.9M | 0.5% |
In North Carolina the lender accounts for 3.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (260 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mecklenburg County, NC | 70 | $80.9M | 6.7% | |
| 2 | Shelby County, TN | 50 | $52.0M | 4.8% | |
| 3 | Davidson County, TN | 34 | $39.2M | 3.2% | |
| 4 | Charleston County, SC | 27 | $29.4M | 2.6% | |
| 5 | Greenville County, SC | 27 | $21.9M | 2.6% | |
| 6 | Wake County, NC | 23 | $20.3M | 2.2% | |
| 7 | Williamson County, TN | 22 | $25.7M | 2.1% | |
| 8 | Duval County, FL | 20 | $29.6M | 1.9% | |
| 9 | Knox County, TN | 20 | $20.8M | 1.9% | |
| 10 | Fulton County, GA | 17 | $19.7M | 1.6% | |
| 11 | Cobb County, GA | 17 | $14.3M | 1.6% | |
| 12 | Union County, NC | 15 | $13.5M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 166 | 15.9% | |
| 2 | Accommodation and Food Services | 137 | 13.1% | |
| 3 | Construction | 131 | 12.5% | |
| 4 | Other Services (except Public Administration) | 99 | 9.5% | |
| 5 | Professional, Scientific, and Technical Services | 95 | 9.1% | |
| 6 | Health Care and Social Assistance | 94 | 9.0% | |
| 7 | Manufacturing | 70 | 6.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 62 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 121 | 11.6% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 52 | 5.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 49 | 4.7% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 30 | 2.9% | |
| 5 | Child Day Care ServicesNAICS 6244 | 29 | 2.8% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 29 | 2.8% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 29 | 2.8% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 27 | 2.6% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 27 | 2.6% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 25 | 2.4% |
Approval sizes
- $50,000 or less2.2%23
- $50,001 to $150,0005.7%60
- $150,001 to $350,00016.2%170
- $350,001 to $1 million36.3%380
- $1 million to $2 million22.0%230
- Over $2 million17.6%184
Loan terms
- 5 years or less1.2%13
- Over 5 to 10 years55.3%579
- Over 10 to 20 years19.8%207
- Over 20 years23.7%248
Age of the businesses
- Existing, more than 2 years old38.2%400
- New business, 2 years or less19.4%203
- Startup, loan funds will open the business22.8%239
- Change of ownership19.6%205
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 872 | 83.3% | |
| 2 | SBA Express Program | 134 | 12.8% | |
| 3 | 7a General | 27 | 2.6% | |
| 4 | Preferred Lenders with EWCP | 9 | 0.9% | |
| 5 | International Trade Loans | 3 | 0.3% | |
| 6 | Working Capital CAPLine | 1 | 0.1% |
Franchise share
183 of 1,047 approvals in FY2021–FY2025 (17.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Hotworx | 13 | 1.2% | |
| 2 | Sully's Steamers | 7 | 0.7% | |
| 3 | Scooter's Coffee | 5 | 0.5% | |
| 4 | SafeSplash Swim School | 4 | 0.4% | |
| 5 | Primrose Schools | 4 | 0.4% | |
| 6 | Plato's Closet | 4 | 0.4% | |
| 7 | Eggs Up Grill | 4 | 0.4% | |
| 8 | Screenmobile | 4 | 0.4% |
Questions and answers
How many SBA loans does Pinnacle Bank make?
SBA approved 185 7(a) loans through Pinnacle Bank in FY2025, worth $233M, and 1,047 over FY2021 to FY2025. That ranks 38th of 2,184 active 7(a) lenders by number of approvals.
How large are Pinnacle Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $745K and the average $1.2M. The program-wide median was $190K.
What is Pinnacle Bank's charge-off rate?
Of 1,881 disbursed loans approved in FY2010 to FY2021, SBA records 113 as charged off (6.0%), 1,390 as paid in full and 378 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Pinnacle Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (121); other amusement and recreation industries (52); automotive repair and maintenance (49); services to buildings and dwellings (30).
Where does Pinnacle Bank make SBA loans?
In 33 states and territories. North Carolina 214, Tennessee 193, Georgia 156, Florida 144, South Carolina 138. In North Carolina it accounts for 3.1% of all 7(a) approvals.
Is Pinnacle Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 549, against 689 in the three before: falling (-20%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error