FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Tennessee, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 576 loans in Tennessee: 555 under 7(a) and 21 under 504, worth $386M.
That is down 8% on FY2021, when there were 624 approvals worth $570M.
Tennessee accounted for 1.0% of the 56,932 approvals nationwide that year. 107 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 71.
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 FY2022, of 107 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 71 | $4.5M | 12.3% | 57 | +14 |
| 2 | The Huntington National Bank | 7(a) | 56 | $13.4M | 9.7% | 47 | +9 |
| 3 | Pinnacle Bank | 7(a) | 43 | $39.4M | 7.5% | 51 | -8 |
| 4 | Newtek Small Business Finance, Inc. | 7(a) | 30 | $11.7M | 5.2% | 17 | +13 |
| 5 | First Horizon Bank | 7(a) | 19 | $15.6M | 3.3% | 13 | +6 |
| 6 | BayFirst National Bank | 7(a) | 18 | $3.5M | 3.1% | 5 | +13 |
| 7 | Wells Fargo Bank National Association | 7(a) | 18 | $1.3M | 3.1% | 15 | +3 |
| 8 | Brightbridge, Inc. | 504 | 16 | $28.1M | 2.8% | 28 | -12 |
| 9 | Live Oak Banking Company | 7(a) | 16 | $23.1M | 2.8% | 15 | +1 |
| 10 | Old National Bank | 7(a) | 15 | $8.0M | 2.6% | 19 | -4 |
| 11 | Celtic Bank Corporation | 7(a) | 14 | $9.9M | 2.4% | 12 | +2 |
| 12 | United Midwest Savings Bank National Association | 7(a) | 13 | $2.9M | 2.3% | 28 | -15 |
| 13 | The First Bank and Trust Company | 7(a) | 13 | $2.6M | 2.3% | 4 | +9 |
| 14 | Readycap Lending, LLC | 7(a) | 12 | $8.6M | 2.1% | 4 | +8 |
| 15 | Citizens Bank | 7(a) | 12 | $5.4M | 2.1% | 12 | 0 |
| 16 | First Financial Bank | 7(a) | 10 | $22.8M | 1.7% | 6 | +4 |
| 17 | Regions Bank | 7(a) | 10 | $9.4M | 1.7% | 15 | -5 |
| 18 | Brightbridge, Inc. | 7(a) | 8 | $1.7M | 1.4% | 6 | +2 |
| 19 | United Community Bank | 7(a) | 6 | $3.8M | 1.0% | 6 | 0 |
| 20 | First Farmers and Merchants Bank | 7(a) | 6 | $2.8M | 1.0% | 3 | +3 |
| 21 | Bank of America, National Association | 7(a) | 6 | $1.2M | 1.0% | 2 | +4 |
| 22 | Fifth Third Bank | 7(a) | 6 | $1.2M | 1.0% | 0 | new |
| 23 | Metro City Bank | 7(a) | 5 | $6.9M | 0.9% | 6 | -1 |
| 24 | Renasant Bank | 7(a) | 5 | $5.9M | 0.9% | 12 | -7 |
| 25 | Byline Bank | 7(a) | 5 | $5.3M | 0.9% | 11 | -6 |
| 26 | Bank3 | 7(a) | 5 | $4.6M | 0.9% | 0 | new |
| 27 | Republic Bank & Trust Company | 7(a) | 5 | $2.8M | 0.9% | 7 | -2 |
| 28 | BankPlus | 7(a) | 4 | $11.0M | 0.7% | 1 | +3 |
| 29 | Truist Bank | 7(a) | 4 | $2.6M | 0.7% | 5 | -1 |
| 30 | Paragon Bank | 7(a) | 4 | $2.3M | 0.7% | 3 | +1 |
| 31 | Commercial Bank | 7(a) | 4 | $698K | 0.7% | 0 | new |
| 32 | First Financial Bank, National Association | 7(a) | 3 | $4.2M | 0.5% | 2 | +1 |
| 33 | Simmons Bank | 7(a) | 3 | $4.2M | 0.5% | 5 | -2 |
| 34 | Bank Five Nine | 7(a) | 3 | $2.9M | 0.5% | 2 | +1 |
| 35 | South Central Tennessee Business Development Corporation | 504 | 3 | $2.6M | 0.5% | 6 | -3 |
| 36 | Bank of Bartlett | 7(a) | 3 | $1.2M | 0.5% | 2 | +1 |
| 37 | Stearns Bank National Association | 7(a) | 3 | $865K | 0.5% | 1 | +2 |
| 38 | Guaranty Bank and Trust Company | 7(a) | 3 | $355K | 0.5% | 6 | -3 |
| 39 | GBank | 7(a) | 2 | — | 0.3% | 3 | -1 |
| 40 | Peoples Bank | 7(a) | 2 | — | 0.3% | 4 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Shelby County | 88 | $53.6M | 15.3% | 105 | -17 |
| 2 | Davidson County | 87 | $35.6M | 15.1% | 88 | -1 |
| 3 | Knox County | 60 | $35.4M | 10.4% | 68 | -8 |
| 4 | Williamson County | 47 | $28.0M | 8.2% | 69 | -22 |
| 5 | Rutherford County | 45 | $26.7M | 7.8% | 29 | +16 |
| 6 | Hamilton County | 28 | $15.7M | 4.9% | 53 | -25 |
| 7 | Sumner County | 24 | $11.1M | 4.2% | 18 | +6 |
| 8 | Montgomery County | 18 | $3.0M | 3.1% | 17 | +1 |
| 9 | Washington County | 17 | $12.1M | 3.0% | 11 | +6 |
| 10 | Maury County | 13 | $18.5M | 2.3% | 12 | +1 |
| 11 | Blount County | 12 | $9.7M | 2.1% | 12 | 0 |
| 12 | Sullivan County | 12 | $6.8M | 2.1% | 9 | +3 |
| 13 | Sevier County | 9 | $12.2M | 1.6% | 13 | -4 |
| 14 | Wilson County | 8 | $3.2M | 1.4% | 11 | -3 |
| 15 | Dickson County | 7 | $3.6M | 1.2% | 3 | +4 |
| 16 | Madison County | 6 | $17.1M | 1.0% | 9 | -3 |
| 17 | Robertson County | 6 | $3.5M | 1.0% | 3 | +3 |
| 18 | Coffee County | 5 | $8.6M | 0.9% | 2 | +3 |
| 19 | Anderson County | 5 | $2.3M | 0.9% | 4 | +1 |
| 20 | Bradley County | 5 | $6.2M | 0.9% | 2 | +3 |
| 21 | Loudon County | 5 | $3.9M | 0.9% | 3 | +2 |
| 22 | Monroe County | 5 | $8.1M | 0.9% | 3 | +2 |
| 23 | Gibson County | 4 | $11.3M | 0.7% | 3 | +1 |
| 24 | Jefferson County | 4 | $2.0M | 0.7% | 5 | -1 |
| 25 | Weakley County | 4 | $4.3M | 0.7% | 4 | 0 |
| 26 | Hamblen County | 3 | $1.7M | 0.5% | 1 | +2 |
| 27 | Hawkins County | 3 | $2.3M | 0.5% | 0 | new |
| 28 | Carter County | 3 | $1.8M | 0.5% | 2 | +1 |
| 29 | Fayette County | 3 | $2.3M | 0.5% | 3 | 0 |
| 30 | Greene County | 3 | $2.1M | 0.5% | 4 | -1 |
| 31 | Cumberland County | 3 | $246K | 0.5% | 2 | +1 |
| 32 | Bedford County | 3 | $1.9M | 0.5% | 4 | -1 |
| 33 | Franklin County | 3 | $735K | 0.5% | 1 | +2 |
| 34 | Putnam County | 2 | — | 0.3% | 8 | -6 |
| 35 | Polk County | 2 | — | 0.3% | 0 | new |
| 36 | Lincoln County | 2 | — | 0.3% | 3 | -1 |
| 37 | Roane County | 2 | — | 0.3% | 2 | 0 |
| 38 | McMinn County | 2 | — | 0.3% | 5 | -3 |
| 39 | Carroll County | 2 | — | 0.3% | 1 | +1 |
| 40 | Cheatham County | 2 | — | 0.3% | 0 | new |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2022 against FY2021
| Tennessee | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 555 | 581 |
| 7(a) dollars | $354M | $515M |
| Median 7(a) approval | $269K | $470K |
| 504 approvals | 21 | 43 |
| 504 dollars | $31.8M | $54.5M |
| Jobs supported, as reported | 6,408 | 9,039 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2022?
U.S. Bank, National Association (71), The Huntington National Bank (56), Pinnacle Bank (43), Newtek Small Business Finance, Inc. (30), First Horizon Bank (19). 107 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2022?
576: 555 under 7(a) worth $354M and 21 under 504 worth $31.8M.
Which Tennessee counties had the most SBA approvals in FY2022?
Shelby County (88), Davidson County (87), Knox County (60), Williamson County (47), Rutherford County (45).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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