FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Tennessee, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 568 loans in Tennessee: 545 under 7(a) and 23 under 504, worth $314M.
That is up 10% on FY2017, when there were 515 approvals worth $285M.
Tennessee accounted for 0.9% of the 66,228 approvals nationwide that year. 92 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 89.
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.
Approvals by lender
The 40 lenders with the most approvals to Tennessee businesses in FY2018, of 92 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 89 | $9.2M | 15.7% | 67 | +22 |
| 2 | Pinnacle Bank | 7(a) | 43 | $30.4M | 7.6% | 27 | +16 |
| 3 | United Midwest Savings Bank National Association | 7(a) | 31 | $5.9M | 5.5% | 7 | +24 |
| 4 | Wells Fargo Bank National Association | 7(a) | 22 | $5.5M | 3.9% | 22 | 0 |
| 5 | Live Oak Banking Company | 7(a) | 21 | $35.6M | 3.7% | 26 | -5 |
| 6 | Celtic Bank Corporation | 7(a) | 20 | $5.7M | 3.5% | 31 | -11 |
| 7 | Stearns Bank National Association | 7(a) | 17 | $4.1M | 3.0% | 7 | +10 |
| 8 | The Huntington National Bank | 7(a) | 14 | $8.4M | 2.5% | 8 | +6 |
| 9 | Newtek Small Business Finance, Inc. | 7(a) | 14 | $8.0M | 2.5% | 3 | +11 |
| 10 | Simmons Bank | 7(a) | 14 | $4.5M | 2.5% | 18 | -4 |
| 11 | BayFirst National Bank | 7(a) | 14 | $3.3M | 2.5% | 20 | -6 |
| 12 | United Community Bank | 7(a) | 12 | $4.9M | 2.1% | 16 | -4 |
| 13 | Independence Bank | 7(a) | 12 | $1.5M | 2.1% | 10 | +2 |
| 14 | Northeast Bank | 7(a) | 12 | $1.4M | 2.1% | 13 | -1 |
| 15 | Fifth Third Bank | 7(a) | 11 | $2.8M | 1.9% | 6 | +5 |
| 16 | Brightbridge, Inc. | 504 | 10 | $9.4M | 1.8% | 12 | -2 |
| 17 | Byline Bank | 7(a) | 10 | $7.6M | 1.8% | 13 | -3 |
| 18 | Citizens Bank | 7(a) | 9 | $5.6M | 1.6% | 9 | 0 |
| 19 | Truist Bank | 7(a) | 9 | $5.4M | 1.6% | 14 | -5 |
| 20 | First Horizon Bank | 7(a) | 8 | $13.1M | 1.4% | 12 | -4 |
| 21 | BankUnited, National Association | 7(a) | 8 | $11.0M | 1.4% | 3 | +5 |
| 22 | South Central Tennessee Business Development Corporation | 504 | 8 | $8.7M | 1.4% | 3 | +5 |
| 23 | Community Trust Bank, Inc. | 7(a) | 7 | $5.9M | 1.2% | 2 | +5 |
| 24 | First Bank | 7(a) | 6 | $8.2M | 1.1% | 1 | +5 |
| 25 | SouthState Bank, National Association | 7(a) | 6 | $7.7M | 1.1% | 2 | +4 |
| 26 | First Financial Bank, National Association | 7(a) | 6 | $5.2M | 1.1% | 3 | +3 |
| 27 | Centennial Bank | 7(a) | 6 | $2.0M | 1.1% | 7 | -1 |
| 28 | Old National Bank | 7(a) | 5 | $9.7M | 0.9% | 1 | +4 |
| 29 | The Bancorp Bank National Association | 7(a) | 5 | $4.0M | 0.9% | 0 | new |
| 30 | North State Bank | 7(a) | 4 | $9.3M | 0.7% | 2 | +2 |
| 31 | Regions Bank | 7(a) | 4 | $4.1M | 0.7% | 19 | -15 |
| 32 | Mid-Cumberland Area Development Corporation | 504 | 4 | $3.5M | 0.7% | 1 | +3 |
| 33 | First Financial Bank | 7(a) | 4 | $3.0M | 0.7% | 7 | -3 |
| 34 | Bank of America, National Association | 7(a) | 4 | $2.3M | 0.7% | 3 | +1 |
| 35 | Readycap Lending, LLC | 7(a) | 4 | $2.0M | 0.7% | 5 | -1 |
| 36 | Guaranty Bank and Trust Company | 7(a) | 4 | $1.9M | 0.7% | 2 | +2 |
| 37 | Five Star Bank | 7(a) | 4 | $735K | 0.7% | 0 | new |
| 38 | Carver State Bank | 7(a) | 4 | $468K | 0.7% | 5 | -1 |
| 39 | UT Federal Credit Union | 7(a) | 4 | $467K | 0.7% | 3 | +1 |
| 40 | First US Bank | 7(a) | 3 | $4.2M | 0.5% | 3 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Davidson County | 92 | $54.9M | 16.2% | 83 | +9 |
| 2 | Shelby County | 87 | $41.1M | 15.3% | 65 | +22 |
| 3 | Knox County | 56 | $28.6M | 9.9% | 54 | +2 |
| 4 | Hamilton County | 48 | $31.2M | 8.5% | 50 | -2 |
| 5 | Williamson County | 36 | $23.9M | 6.3% | 31 | +5 |
| 6 | Rutherford County | 32 | $20.4M | 5.6% | 20 | +12 |
| 7 | Montgomery County | 26 | $4.9M | 4.6% | 18 | +8 |
| 8 | Sumner County | 16 | $7.4M | 2.8% | 11 | +5 |
| 9 | Sevier County | 13 | $4.0M | 2.3% | 13 | 0 |
| 10 | Maury County | 12 | $2.1M | 2.1% | 10 | +2 |
| 11 | Madison County | 9 | $8.4M | 1.6% | 11 | -2 |
| 12 | Washington County | 9 | $8.6M | 1.6% | 7 | +2 |
| 13 | Blount County | 8 | $2.7M | 1.4% | 9 | -1 |
| 14 | Wilson County | 8 | $3.6M | 1.4% | 10 | -2 |
| 15 | Robertson County | 7 | $3.5M | 1.2% | 11 | -4 |
| 16 | Jefferson County | 7 | $4.2M | 1.2% | 3 | +4 |
| 17 | Sullivan County | 6 | $2.2M | 1.1% | 5 | +1 |
| 18 | Anderson County | 6 | $7.4M | 1.1% | 4 | +2 |
| 19 | Weakley County | 6 | $5.6M | 1.1% | 3 | +3 |
| 20 | Cheatham County | 6 | $572K | 1.1% | 3 | +3 |
| 21 | Coffee County | 5 | $3.6M | 0.9% | 5 | 0 |
| 22 | Claiborne County | 5 | $833K | 0.9% | 1 | +4 |
| 23 | Campbell County | 5 | $1.7M | 0.9% | 1 | +4 |
| 24 | Putnam County | 4 | $620K | 0.7% | 3 | +1 |
| 25 | Hamblen County | 4 | $2.4M | 0.7% | 3 | +1 |
| 26 | Union County | 4 | $164K | 0.7% | 0 | new |
| 27 | Marion County | 4 | $4.6M | 0.7% | 2 | +2 |
| 28 | Hawkins County | 3 | $4.0M | 0.5% | 3 | 0 |
| 29 | Roane County | 3 | $1.4M | 0.5% | 2 | +1 |
| 30 | Dickson County | 3 | $4.1M | 0.5% | 2 | +1 |
| 31 | Bradley County | 3 | $914K | 0.5% | 12 | -9 |
| 32 | Cumberland County | 3 | $2.6M | 0.5% | 1 | +2 |
| 33 | Polk County | 2 | — | 0.4% | 3 | -1 |
| 34 | Gibson County | 2 | — | 0.4% | 2 | 0 |
| 35 | Tipton County | 2 | — | 0.4% | 1 | +1 |
| 36 | Lewis County | 2 | — | 0.4% | 0 | new |
| 37 | Fayette County | 2 | — | 0.4% | 5 | -3 |
| 38 | Loudon County | 2 | — | 0.4% | 4 | -2 |
| 39 | Marshall County | 2 | — | 0.4% | 3 | -1 |
| 40 | Monroe County | 2 | — | 0.4% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2018 against FY2017
| Tennessee | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 545 | 498 |
| 7(a) dollars | $291M | $276M |
| Median 7(a) approval | $198K | $214K |
| 504 approvals | 23 | 17 |
| 504 dollars | $22.3M | $8.4M |
| Jobs supported, as reported | 6,382 | 6,270 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2018?
U.S. Bank, National Association (89), Pinnacle Bank (43), United Midwest Savings Bank National Association (31), Wells Fargo Bank National Association (22), Live Oak Banking Company (21). 92 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2018?
568: 545 under 7(a) worth $291M and 23 under 504 worth $22.3M.
Which Tennessee counties had the most SBA approvals in FY2018?
Davidson County (92), Shelby County (87), Knox County (56), Hamilton County (48), Williamson County (36).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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