FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Tennessee, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 624 loans in Tennessee: 581 under 7(a) and 43 under 504, worth $570M.
That is up 41% on FY2020, when there were 442 approvals worth $314M.
Tennessee accounted for 1.0% of the 61,532 approvals nationwide that year. 128 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 57.
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 FY2021, of 128 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 57 | $14.2M | 9.1% | 72 | -15 |
| 2 | Pinnacle Bank | 7(a) | 51 | $62.1M | 8.2% | 37 | +14 |
| 3 | The Huntington National Bank | 7(a) | 47 | $18.2M | 7.5% | 15 | +32 |
| 4 | Brightbridge, Inc. | 504 | 28 | $28.5M | 4.5% | 15 | +13 |
| 5 | United Midwest Savings Bank National Association | 7(a) | 28 | $3.9M | 4.5% | 20 | +8 |
| 6 | Old National Bank | 7(a) | 19 | $19.2M | 3.0% | 17 | +2 |
| 7 | Newtek Small Business Finance, Inc. | 7(a) | 17 | $10.1M | 2.7% | 4 | +13 |
| 8 | Live Oak Banking Company | 7(a) | 15 | $37.9M | 2.4% | 15 | 0 |
| 9 | Regions Bank | 7(a) | 15 | $19.8M | 2.4% | 4 | +11 |
| 10 | Wells Fargo Bank National Association | 7(a) | 15 | $6.2M | 2.4% | 9 | +6 |
| 11 | First Horizon Bank | 7(a) | 13 | $18.7M | 2.1% | 9 | +4 |
| 12 | North State Bank | 7(a) | 13 | $8.3M | 2.1% | 1 | +12 |
| 13 | Celtic Bank Corporation | 7(a) | 12 | $15.2M | 1.9% | 11 | +1 |
| 14 | Citizens Bank | 7(a) | 12 | $11.0M | 1.9% | 6 | +6 |
| 15 | Renasant Bank | 7(a) | 12 | $10.7M | 1.9% | 3 | +9 |
| 16 | Byline Bank | 7(a) | 11 | $7.3M | 1.8% | 14 | -3 |
| 17 | Republic Bank & Trust Company | 7(a) | 7 | $9.0M | 1.1% | 6 | +1 |
| 18 | South Central Tennessee Business Development Corporation | 504 | 6 | $9.2M | 1.0% | 4 | +2 |
| 19 | First Financial Bank | 7(a) | 6 | $7.6M | 1.0% | 1 | +5 |
| 20 | TowneBank | 7(a) | 6 | $6.4M | 1.0% | 0 | new |
| 21 | Guaranty Bank and Trust Company | 7(a) | 6 | $5.9M | 1.0% | 3 | +3 |
| 22 | Metro City Bank | 7(a) | 6 | $4.6M | 1.0% | 0 | new |
| 23 | United Community Bank | 7(a) | 6 | $4.4M | 1.0% | 13 | -7 |
| 24 | BankFirst Financial Services | 7(a) | 6 | $2.1M | 1.0% | 1 | +5 |
| 25 | Brightbridge, Inc. | 7(a) | 6 | $1.2M | 1.0% | 1 | +5 |
| 26 | Beacon Bank and Trust | 7(a) | 5 | $9.6M | 0.8% | 5 | 0 |
| 27 | First Merchants Bank | 7(a) | 5 | $6.2M | 0.8% | 2 | +3 |
| 28 | Truist Bank | 7(a) | 5 | $5.2M | 0.8% | 7 | -2 |
| 29 | First Bank of the Lake | 7(a) | 5 | $3.7M | 0.8% | 1 | +4 |
| 30 | BayFirst National Bank | 7(a) | 5 | $3.3M | 0.8% | 11 | -6 |
| 31 | Simmons Bank | 7(a) | 5 | $2.8M | 0.8% | 6 | -1 |
| 32 | Legence Bank | 7(a) | 4 | $7.8M | 0.6% | 0 | new |
| 33 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 4 | $7.4M | 0.6% | 1 | +3 |
| 34 | HomeTrust Bank | 7(a) | 4 | $6.4M | 0.6% | 1 | +3 |
| 35 | Peoples Bank | 7(a) | 4 | $6.3M | 0.6% | 1 | +3 |
| 36 | Community Trust Bank, Inc. | 7(a) | 4 | $6.3M | 0.6% | 2 | +2 |
| 37 | Mid-Cumberland Area Development Corporation | 504 | 4 | $4.9M | 0.6% | 1 | +3 |
| 38 | The Bancorp Bank National Association | 7(a) | 4 | $4.2M | 0.6% | 3 | +1 |
| 39 | First-Citizens Bank & Trust Company | 7(a) | 4 | $2.3M | 0.6% | 0 | new |
| 40 | Readycap Lending, LLC | 7(a) | 4 | $2.1M | 0.6% | 5 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Shelby County | 105 | $105M | 16.8% | 55 | +50 |
| 2 | Davidson County | 88 | $64.3M | 14.1% | 78 | +10 |
| 3 | Williamson County | 69 | $58.7M | 11.1% | 42 | +27 |
| 4 | Knox County | 68 | $69.7M | 10.9% | 41 | +27 |
| 5 | Hamilton County | 53 | $44.8M | 8.5% | 26 | +27 |
| 6 | Rutherford County | 29 | $21.2M | 4.6% | 17 | +12 |
| 7 | Sumner County | 18 | $16.8M | 2.9% | 20 | -2 |
| 8 | Montgomery County | 17 | $10.6M | 2.7% | 5 | +12 |
| 9 | Sevier County | 13 | $16.5M | 2.1% | 13 | 0 |
| 10 | Blount County | 12 | $9.6M | 1.9% | 13 | -1 |
| 11 | Maury County | 12 | $10.5M | 1.9% | 10 | +2 |
| 12 | Wilson County | 11 | $11.4M | 1.8% | 12 | -1 |
| 13 | Washington County | 11 | $10.2M | 1.8% | 14 | -3 |
| 14 | Madison County | 9 | $12.5M | 1.4% | 4 | +5 |
| 15 | Sullivan County | 9 | $11.1M | 1.4% | 14 | -5 |
| 16 | Putnam County | 8 | $10.1M | 1.3% | 7 | +1 |
| 17 | McMinn County | 5 | $9.8M | 0.8% | 3 | +2 |
| 18 | Jefferson County | 5 | $5.0M | 0.8% | 2 | +3 |
| 19 | Anderson County | 4 | $4.0M | 0.6% | 3 | +1 |
| 20 | Weakley County | 4 | $6.7M | 0.6% | 3 | +1 |
| 21 | Greene County | 4 | $4.3M | 0.6% | 0 | new |
| 22 | Bedford County | 4 | $2.5M | 0.6% | 4 | 0 |
| 23 | Lincoln County | 3 | $2.7M | 0.5% | 5 | -2 |
| 24 | Robertson County | 3 | $5.6M | 0.5% | 2 | +1 |
| 25 | Gibson County | 3 | $6.1M | 0.5% | 2 | +1 |
| 26 | Morgan County | 3 | $2.0M | 0.5% | 0 | new |
| 27 | Dickson County | 3 | $1.8M | 0.5% | 1 | +2 |
| 28 | Fayette County | 3 | $3.2M | 0.5% | 2 | +1 |
| 29 | Loudon County | 3 | $2.4M | 0.5% | 4 | -1 |
| 30 | Marshall County | 3 | $267K | 0.5% | 0 | new |
| 31 | Monroe County | 3 | $1.4M | 0.5% | 2 | +1 |
| 32 | Marion County | 3 | $2.6M | 0.5% | 1 | +2 |
| 33 | Coffee County | 2 | — | 0.3% | 2 | 0 |
| 34 | Roane County | 2 | — | 0.3% | 0 | new |
| 35 | Bradley County | 2 | — | 0.3% | 2 | 0 |
| 36 | Carter County | 2 | — | 0.3% | 1 | +1 |
| 37 | Giles County | 2 | — | 0.3% | 1 | +1 |
| 38 | Cumberland County | 2 | — | 0.3% | 2 | 0 |
| 39 | Cocke County | 2 | — | 0.3% | 0 | new |
| 40 | Rhea County | 2 | — | 0.3% | 2 | 0 |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2021 against FY2020
| Tennessee | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 581 | 419 |
| 7(a) dollars | $515M | $283M |
| Median 7(a) approval | $470K | $275K |
| 504 approvals | 43 | 23 |
| 504 dollars | $54.5M | $31.8M |
| Jobs supported, as reported | 9,039 | 6,261 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2021?
U.S. Bank, National Association (57), Pinnacle Bank (51), The Huntington National Bank (47), Brightbridge, Inc. (28), United Midwest Savings Bank National Association (28). 128 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2021?
624: 581 under 7(a) worth $515M and 43 under 504 worth $54.5M.
Which Tennessee counties had the most SBA approvals in FY2021?
Shelby County (105), Davidson County (88), Williamson County (69), Knox County (68), Hamilton County (53).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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