FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Tennessee, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 843 loans in Tennessee: 820 under 7(a) and 23 under 504, worth $463M.
That is up 24% on FY2023, when there were 678 approvals worth $399M.
Tennessee accounted for 1.1% of the 76,235 approvals nationwide that year. 101 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 124.
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 FY2024, of 101 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 124 | $29.2M | 14.7% | 85 | +39 |
| 2 | The Huntington National Bank | 7(a) | 96 | $32.2M | 11.4% | 107 | -11 |
| 3 | Newtek Bank, National Association | 7(a) | 71 | $35.0M | 8.4% | 27 | +44 |
| 4 | Readycap Lending, LLC | 7(a) | 62 | $10.2M | 7.4% | 13 | +49 |
| 5 | Northeast Bank | 7(a) | 51 | $6.0M | 6.0% | 7 | +44 |
| 6 | BayFirst National Bank | 7(a) | 46 | $6.2M | 5.5% | 55 | -9 |
| 7 | Pinnacle Bank | 7(a) | 36 | $41.7M | 4.3% | 27 | +9 |
| 8 | United Midwest Savings Bank National Association | 7(a) | 29 | $6.4M | 3.4% | 14 | +15 |
| 9 | Live Oak Banking Company | 7(a) | 25 | $36.6M | 3.0% | 25 | 0 |
| 10 | Brightbridge, Inc. | 504 | 14 | $24.2M | 1.7% | 10 | +4 |
| 11 | Celtic Bank Corporation | 7(a) | 14 | $10.4M | 1.7% | 6 | +8 |
| 12 | Lendistry SBLC, LLC | 7(a) | 14 | $1.5M | 1.7% | 0 | new |
| 13 | Wells Fargo Bank National Association | 7(a) | 14 | $1.2M | 1.7% | 12 | +2 |
| 14 | SouthState Bank, National Association | 7(a) | 13 | $7.0M | 1.5% | 5 | +8 |
| 15 | Bank of America, National Association | 7(a) | 13 | $6.0M | 1.5% | 19 | -6 |
| 16 | First Bank of the Lake | 7(a) | 13 | $5.0M | 1.5% | 8 | +5 |
| 17 | Byline Bank | 7(a) | 12 | $10.9M | 1.4% | 4 | +8 |
| 18 | Regions Bank | 7(a) | 10 | $5.5M | 1.2% | 15 | -5 |
| 19 | JPMorgan Chase Bank, National Association | 7(a) | 9 | $1.6M | 1.1% | 5 | +4 |
| 20 | Wilson Bank & Trust | 7(a) | 7 | $5.8M | 0.8% | 3 | +4 |
| 21 | BankFirst Financial Services | 7(a) | 7 | $888K | 0.8% | 2 | +5 |
| 22 | South Central Tennessee Business Development Corporation | 504 | 6 | $14.1M | 0.7% | 5 | +1 |
| 23 | Renasant Bank | 7(a) | 6 | $12.5M | 0.7% | 3 | +3 |
| 24 | Old National Bank | 7(a) | 6 | $10.1M | 0.7% | 4 | +2 |
| 25 | Citizens Bank | 7(a) | 6 | $6.0M | 0.7% | 2 | +4 |
| 26 | First Farmers and Merchants Bank | 7(a) | 6 | $1.0M | 0.7% | 3 | +3 |
| 27 | Harvest Small Business Finance, LLC | 7(a) | 5 | $2.6M | 0.6% | 1 | +4 |
| 28 | Beacon Bank and Trust | 7(a) | 4 | $9.8M | 0.5% | 6 | -2 |
| 29 | First-Citizens Bank & Trust Company | 7(a) | 4 | $8.8M | 0.5% | 3 | +1 |
| 30 | United Community Bank | 7(a) | 4 | $6.0M | 0.5% | 6 | -2 |
| 31 | The Bancorp Bank National Association | 7(a) | 4 | $5.1M | 0.5% | 4 | 0 |
| 32 | Gulf Coast Bank and Trust Company | 7(a) | 4 | $4.2M | 0.5% | 1 | +3 |
| 33 | Decatur County Bank | 7(a) | 4 | $2.0M | 0.5% | 0 | new |
| 34 | Encore Bank | 7(a) | 4 | $1.7M | 0.5% | 3 | +1 |
| 35 | Capital Bank, National Association | 7(a) | 4 | $1.3M | 0.5% | 2 | +2 |
| 36 | Brightbridge, Inc. | 7(a) | 4 | $975K | 0.5% | 13 | -9 |
| 37 | Studio Bank | 7(a) | 3 | $4.3M | 0.4% | 2 | +1 |
| 38 | ACC Capital | 7(a) | 3 | $2.8M | 0.4% | 1 | +2 |
| 39 | Fifth Third Bank | 7(a) | 3 | $2.8M | 0.4% | 7 | -4 |
| 40 | Sonata Bank | 7(a) | 3 | $2.6M | 0.4% | 2 | +1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Davidson County | 176 | $93.9M | 20.9% | 156 | +20 |
| 2 | Shelby County | 97 | $49.9M | 11.5% | 68 | +29 |
| 3 | Williamson County | 94 | $63.9M | 11.2% | 67 | +27 |
| 4 | Knox County | 69 | $36.0M | 8.2% | 52 | +17 |
| 5 | Hamilton County | 59 | $34.3M | 7.0% | 46 | +13 |
| 6 | Rutherford County | 45 | $23.7M | 5.3% | 38 | +7 |
| 7 | Montgomery County | 31 | $13.9M | 3.7% | 28 | +3 |
| 8 | Sumner County | 25 | $14.1M | 3.0% | 19 | +6 |
| 9 | Wilson County | 25 | $16.0M | 3.0% | 17 | +8 |
| 10 | Maury County | 16 | $7.7M | 1.9% | 16 | 0 |
| 11 | Sevier County | 15 | $6.6M | 1.8% | 9 | +6 |
| 12 | Putnam County | 12 | $10.9M | 1.4% | 5 | +7 |
| 13 | Coffee County | 11 | $9.8M | 1.3% | 7 | +4 |
| 14 | Cumberland County | 11 | $3.3M | 1.3% | 0 | new |
| 15 | Blount County | 9 | $3.7M | 1.1% | 10 | -1 |
| 16 | Dickson County | 9 | $1.1M | 1.1% | 4 | +5 |
| 17 | Jefferson County | 9 | $887K | 1.1% | 4 | +5 |
| 18 | Robertson County | 7 | $5.2M | 0.8% | 9 | -2 |
| 19 | Bradley County | 7 | $7.4M | 0.8% | 5 | +2 |
| 20 | Anderson County | 6 | $4.1M | 0.7% | 3 | +3 |
| 21 | Washington County | 6 | $711K | 0.7% | 10 | -4 |
| 22 | Roane County | 6 | $2.2M | 0.7% | 1 | +5 |
| 23 | Loudon County | 5 | $830K | 0.6% | 4 | +1 |
| 24 | Bedford County | 5 | $2.3M | 0.6% | 0 | new |
| 25 | Sullivan County | 4 | $2.8M | 0.5% | 11 | -7 |
| 26 | Polk County | 4 | $1.3M | 0.5% | 1 | +3 |
| 27 | Cheatham County | 4 | $397K | 0.5% | 2 | +2 |
| 28 | Monroe County | 4 | $2.1M | 0.5% | 0 | new |
| 29 | White County | 4 | $3.2M | 0.5% | 1 | +3 |
| 30 | Madison County | 3 | $1.4M | 0.4% | 6 | -3 |
| 31 | Gibson County | 3 | $382K | 0.4% | 0 | new |
| 32 | Tipton County | 3 | $1.2M | 0.4% | 5 | -2 |
| 33 | Hawkins County | 3 | $2.2M | 0.4% | 6 | -3 |
| 34 | McMinn County | 3 | $2.3M | 0.4% | 2 | +1 |
| 35 | Greene County | 3 | $1.3M | 0.4% | 5 | -2 |
| 36 | Marshall County | 3 | $660K | 0.4% | 5 | -2 |
| 37 | Cocke County | 3 | $2.8M | 0.4% | 1 | +2 |
| 38 | Lawrence County | 3 | $3.6M | 0.4% | 3 | 0 |
| 39 | Franklin County | 3 | $709K | 0.4% | 4 | -1 |
| 40 | Sequatchie County | 2 | — | 0.2% | 0 | new |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2024 against FY2023
| Tennessee | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 820 | 659 |
| 7(a) dollars | $421M | $372M |
| Median 7(a) approval | $157K | $240K |
| 504 approvals | 23 | 19 |
| 504 dollars | $41.8M | $26.8M |
| Jobs supported, as reported | 8,978 | 8,241 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2024?
U.S. Bank, National Association (124), The Huntington National Bank (96), Newtek Bank, National Association (71), Readycap Lending, LLC (62), Northeast Bank (51). 101 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2024?
843: 820 under 7(a) worth $421M and 23 under 504 worth $41.8M.
Which Tennessee counties had the most SBA approvals in FY2024?
Davidson County (176), Shelby County (97), Williamson County (94), Knox County (69), Hamilton County (59).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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