FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Tennessee, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 442 loans in Tennessee: 419 under 7(a) and 23 under 504, worth $314M.
That is down 9% on FY2019, when there were 487 approvals worth $308M.
Tennessee accounted for 0.9% of the 49,417 approvals nationwide that year. 84 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 72.
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 FY2020, of 84 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 72 | $9.9M | 16.3% | 81 | -9 |
| 2 | Pinnacle Bank | 7(a) | 37 | $35.4M | 8.4% | 41 | -4 |
| 3 | United Midwest Savings Bank National Association | 7(a) | 20 | $2.8M | 4.5% | 9 | +11 |
| 4 | Old National Bank | 7(a) | 17 | $11.1M | 3.8% | 8 | +9 |
| 5 | Brightbridge, Inc. | 504 | 15 | $23.0M | 3.4% | 12 | +3 |
| 6 | Live Oak Banking Company | 7(a) | 15 | $20.7M | 3.4% | 9 | +6 |
| 7 | The Huntington National Bank | 7(a) | 15 | $7.0M | 3.4% | 19 | -4 |
| 8 | Byline Bank | 7(a) | 14 | $8.1M | 3.2% | 6 | +8 |
| 9 | United Community Bank | 7(a) | 13 | $14.3M | 2.9% | 10 | +3 |
| 10 | Celtic Bank Corporation | 7(a) | 11 | $10.7M | 2.5% | 18 | -7 |
| 11 | The First Bank and Trust Company | 7(a) | 11 | $2.6M | 2.5% | 7 | +4 |
| 12 | BayFirst National Bank | 7(a) | 11 | $2.2M | 2.5% | 18 | -7 |
| 13 | First Horizon Bank | 7(a) | 9 | $18.9M | 2.0% | 8 | +1 |
| 14 | Wells Fargo Bank National Association | 7(a) | 9 | $1.8M | 2.0% | 16 | -7 |
| 15 | Truist Bank | 7(a) | 7 | $1.9M | 1.6% | 14 | -7 |
| 16 | Five Star Bank | 7(a) | 7 | $1.9M | 1.6% | 3 | +4 |
| 17 | Farmers State Bank of Alto Pass, Illinois | 7(a) | 6 | $10.5M | 1.4% | 0 | new |
| 18 | Paragon Bank | 7(a) | 6 | $9.7M | 1.4% | 2 | +4 |
| 19 | Citizens Bank | 7(a) | 6 | $4.4M | 1.4% | 5 | +1 |
| 20 | Simmons Bank | 7(a) | 6 | $1.8M | 1.4% | 11 | -5 |
| 21 | Republic Bank & Trust Company | 7(a) | 6 | $1.0M | 1.4% | 1 | +5 |
| 22 | Centennial Bank | 7(a) | 6 | $623K | 1.4% | 1 | +5 |
| 23 | Readycap Lending, LLC | 7(a) | 5 | $8.3M | 1.1% | 1 | +4 |
| 24 | Beacon Bank and Trust | 7(a) | 5 | $5.1M | 1.1% | 2 | +3 |
| 25 | South Central Tennessee Business Development Corporation | 504 | 4 | $4.1M | 0.9% | 4 | 0 |
| 26 | Regions Bank | 7(a) | 4 | $3.6M | 0.9% | 7 | -3 |
| 27 | Bank Five Nine | 7(a) | 4 | $1.9M | 0.9% | 2 | +2 |
| 28 | First Internet Bank of Indiana | 7(a) | 4 | $1.3M | 0.9% | 0 | new |
| 29 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $1.1M | 0.9% | 13 | -9 |
| 30 | Trustmark Bank | 7(a) | 4 | $206K | 0.9% | 0 | new |
| 31 | First National Community Bank | 7(a) | 3 | $9.8M | 0.7% | 0 | new |
| 32 | SouthState Bank, National Association | 7(a) | 3 | $4.1M | 0.7% | 7 | -4 |
| 33 | Renasant Bank | 7(a) | 3 | $3.5M | 0.7% | 3 | 0 |
| 34 | IncredibleBank | 7(a) | 3 | $3.4M | 0.7% | 1 | +2 |
| 35 | The Bancorp Bank National Association | 7(a) | 3 | $1.4M | 0.7% | 4 | -1 |
| 36 | KeyBank National Association | 7(a) | 3 | $940K | 0.7% | 2 | +1 |
| 37 | Stearns Bank National Association | 7(a) | 3 | $840K | 0.7% | 13 | -10 |
| 38 | Guaranty Bank and Trust Company | 7(a) | 3 | $764K | 0.7% | 3 | 0 |
| 39 | Capital Bank, National Association | 7(a) | 3 | $645K | 0.7% | 1 | +2 |
| 40 | Commercial Bank | 7(a) | 3 | $360K | 0.7% | 1 | +2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Davidson County | 78 | $54.1M | 17.6% | 77 | +1 |
| 2 | Shelby County | 55 | $39.6M | 12.4% | 75 | -20 |
| 3 | Williamson County | 42 | $19.8M | 9.5% | 37 | +5 |
| 4 | Knox County | 41 | $18.8M | 9.3% | 50 | -9 |
| 5 | Hamilton County | 26 | $36.1M | 5.9% | 32 | -6 |
| 6 | Sumner County | 20 | $21.8M | 4.5% | 18 | +2 |
| 7 | Rutherford County | 17 | $12.2M | 3.8% | 24 | -7 |
| 8 | Sullivan County | 14 | $5.5M | 3.2% | 8 | +6 |
| 9 | Washington County | 14 | $6.9M | 3.2% | 6 | +8 |
| 10 | Blount County | 13 | $5.5M | 2.9% | 11 | +2 |
| 11 | Sevier County | 13 | $13.9M | 2.9% | 8 | +5 |
| 12 | Wilson County | 12 | $6.6M | 2.7% | 16 | -4 |
| 13 | Maury County | 10 | $13.8M | 2.3% | 8 | +2 |
| 14 | Putnam County | 7 | $5.9M | 1.6% | 5 | +2 |
| 15 | Polk County | 5 | $2.5M | 1.1% | 0 | new |
| 16 | Lincoln County | 5 | $2.0M | 1.1% | 2 | +3 |
| 17 | Montgomery County | 5 | $330K | 1.1% | 11 | -6 |
| 18 | Madison County | 4 | $5.0M | 0.9% | 5 | -1 |
| 19 | Loudon County | 4 | $2.1M | 0.9% | 2 | +2 |
| 20 | Bedford County | 4 | $2.8M | 0.9% | 1 | +3 |
| 21 | Anderson County | 3 | $3.6M | 0.7% | 3 | 0 |
| 22 | Hawkins County | 3 | $268K | 0.7% | 0 | new |
| 23 | McMinn County | 3 | $1.5M | 0.7% | 0 | new |
| 24 | Weakley County | 3 | $2.8M | 0.7% | 3 | 0 |
| 25 | Robertson County | 2 | — | 0.5% | 7 | -5 |
| 26 | Gibson County | 2 | — | 0.5% | 1 | +1 |
| 27 | Coffee County | 2 | — | 0.5% | 3 | -1 |
| 28 | Hamblen County | 2 | — | 0.5% | 3 | -1 |
| 29 | Bradley County | 2 | — | 0.5% | 7 | -5 |
| 30 | Jefferson County | 2 | — | 0.5% | 2 | 0 |
| 31 | Fayette County | 2 | — | 0.5% | 1 | +1 |
| 32 | Carroll County | 2 | — | 0.5% | 0 | new |
| 33 | Jackson County | 2 | — | 0.5% | 0 | new |
| 34 | Cumberland County | 2 | — | 0.5% | 2 | 0 |
| 35 | Dyer County | 2 | — | 0.5% | 1 | +1 |
| 36 | Cheatham County | 2 | — | 0.5% | 6 | -4 |
| 37 | Rhea County | 2 | — | 0.5% | 1 | +1 |
| 38 | Monroe County | 2 | — | 0.5% | 5 | -3 |
| 39 | Hickman County | 2 | — | 0.5% | 1 | +1 |
| 40 | Dickson County | 1 | — | 0.2% | 2 | -1 |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2020 against FY2019
| Tennessee | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 419 | 466 |
| 7(a) dollars | $283M | $286M |
| Median 7(a) approval | $275K | $250K |
| 504 approvals | 23 | 21 |
| 504 dollars | $31.8M | $22.2M |
| Jobs supported, as reported | 6,261 | 7,015 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2020?
U.S. Bank, National Association (72), Pinnacle Bank (37), United Midwest Savings Bank National Association (20), Old National Bank (17), Brightbridge, Inc. (15). 84 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2020?
442: 419 under 7(a) worth $283M and 23 under 504 worth $31.8M.
Which Tennessee counties had the most SBA approvals in FY2020?
Davidson County (78), Shelby County (55), Williamson County (42), Knox County (41), Hamilton County (26).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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