SBA Ledger

States › Tennessee › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in Tennessee, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 678 loans in Tennessee: 659 under 7(a) and 19 under 504, worth $399M.

That is up 18% on FY2022, when there were 576 approvals worth $386M.

Tennessee accounted for 1.1% of the 63,286 approvals nationwide that year. 118 lenders had at least one approval in the state; The Huntington National Bank had the most, 107.

678approvalsFY2022: 576
$399Mdollars approvedFY2022: $386M
$240Kmedian 7(a) approvalFY2022: $269K
118lenders with an approval
8,241jobs supported, as reported

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 FY2023, of 118 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1The Huntington National Bank7(a)107$34.4M15.8%56+51
2U.S. Bank, National Association7(a)85$11.3M12.5%71+14
3BayFirst National Bank7(a)55$8.3M8.1%18+37
4Pinnacle Bank7(a)27$17.5M4.0%43-16
5Newtek Bank, National Association7(a)27$15.9M4.0%0new
6Live Oak Banking Company7(a)25$40.2M3.7%16+9
7Newtek Small Business Finance, Inc.7(a)20$12.8M2.9%30-10
8Bank of America, National Association7(a)19$5.9M2.8%6+13
9Regions Bank7(a)15$10.2M2.2%10+5
10United Midwest Savings Bank National Association7(a)14$2.0M2.1%13+1
11Readycap Lending, LLC7(a)13$4.1M1.9%12+1
12Brightbridge, Inc.7(a)13$3.0M1.9%8+5
13Wells Fargo Bank National Association7(a)12$2.2M1.8%18-6
14Brightbridge, Inc.50410$15.1M1.5%16-6
15First Bank of the Lake7(a)8$13.3M1.2%2+6
16Fifth Third Bank7(a)7$6.7M1.0%6+1
17Northeast Bank7(a)7$409K1.0%2+5
18Beacon Bank and Trust7(a)6$9.4M0.9%1+5
19Celtic Bank Corporation7(a)6$6.5M0.9%14-8
20United Community Bank7(a)6$6.3M0.9%60
21South Central Tennessee Business Development Corporation5045$3.9M0.7%3+2
22SouthState Bank, National Association7(a)5$1.7M0.7%2+3
23JPMorgan Chase Bank, National Association7(a)5$970K0.7%1+4
24Simmons Bank7(a)5$705K0.7%3+2
25The First Bank and Trust Company7(a)5$700K0.7%13-8
26Enterprise Bank & Trust7(a)4$5.4M0.6%0new
27Byline Bank7(a)4$4.4M0.6%5-1
28Old National Bank7(a)4$4.3M0.6%15-11
29Customers Bank7(a)4$4.1M0.6%2+2
30The Bancorp Bank National Association7(a)4$2.6M0.6%2+2
31Stearns Bank National Association7(a)4$2.2M0.6%3+1
32First Horizon Bank7(a)4$2.1M0.6%19-15
33TowneBank7(a)4$1.7M0.6%1+3
34Renasant Bank7(a)3$4.8M0.4%5-2
35First Financial Bank7(a)3$4.3M0.4%10-7
36Commonwealth Business Bank7(a)3$4.1M0.4%0new
37Community Trust Bank, Inc.7(a)3$3.6M0.4%1+2
38Encore Bank7(a)3$3.1M0.4%0new
39Merchants & Marine Bank7(a)3$2.6M0.4%0new
40First-Citizens Bank & Trust Company7(a)3$1.8M0.4%1+2

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1Davidson County156$91.8M23.0%87+69
2Shelby County68$39.5M10.0%88-20
3Williamson County67$43.0M9.9%47+20
4Knox County52$33.3M7.7%60-8
5Hamilton County46$24.6M6.8%28+18
6Rutherford County38$21.2M5.6%45-7
7Montgomery County28$15.9M4.1%18+10
8Sumner County19$4.2M2.8%24-5
9Wilson County17$9.5M2.5%8+9
10Maury County16$5.2M2.4%13+3
11Sullivan County11$6.8M1.6%12-1
12Blount County10$6.9M1.5%12-2
13Washington County10$2.4M1.5%17-7
14Robertson County9$4.3M1.3%6+3
15Sevier County9$13.5M1.3%90
16Coffee County7$5.8M1.0%5+2
17Madison County6$4.0M0.9%60
18Hawkins County6$7.4M0.9%3+3
19Putnam County5$2.3M0.7%2+3
20Tipton County5$6.0M0.7%0new
21Bradley County5$2.7M0.7%50
22Greene County5$1.7M0.7%3+2
23Marshall County5$3.6M0.7%0new
24Hamblen County4$545K0.6%3+1
25Dickson County4$971K0.6%7-3
26Jefferson County4$1.7M0.6%40
27Loudon County4$5.7M0.6%5-1
28Franklin County4$5.1M0.6%3+1
29Lincoln County3$2.6M0.4%2+1
30Anderson County3$1.9M0.4%5-2
31Fayette County3$1.3M0.4%30
32Lawrence County3$640K0.4%0new
33Rhea County3$2.1M0.4%0new
34Marion County3$1.3M0.4%1+2
35Warren County2—0.3%1+1
36Crockett County2—0.3%0new
37Humphreys County2—0.3%0new
38McMinn County2—0.3%20
39Henry County2—0.3%1+1
40Carter County2—0.3%3-1

The 40 counties with the most approvals; every county is on the Tennessee page.

FY2023 against FY2022

TennesseeFY2023FY2022
7(a) approvals659555
7(a) dollars$372M$354M
Median 7(a) approval$240K$269K
504 approvals1921
504 dollars$26.8M$31.8M
Jobs supported, as reported8,2416,408

Questions and answers

Which lenders made the most SBA loans in Tennessee in FY2023?

The Huntington National Bank (107), U.S. Bank, National Association (85), BayFirst National Bank (55), Pinnacle Bank (27), Newtek Bank, National Association (27). 118 lenders had at least one approval.

How many SBA loans were approved in Tennessee in FY2023?

678: 659 under 7(a) worth $372M and 19 under 504 worth $26.8M.

Which Tennessee counties had the most SBA approvals in FY2023?

Davidson County (156), Shelby County (68), Williamson County (67), Knox County (52), Hamilton County (46).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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