FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Tennessee, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,046 loans in Tennessee: 1,020 under 7(a) and 26 under 504, worth $593M.
That is up 24% on FY2024, when there were 843 approvals worth $463M.
Tennessee accounted for 1.2% of the 84,840 approvals nationwide that year. 121 lenders had at least one approval in the state; Northeast Bank 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 FY2025, of 121 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 7(a) | 124 | $17.8M | 11.9% | 51 | +73 |
| 2 | The Huntington National Bank | 7(a) | 107 | $61.1M | 10.2% | 96 | +11 |
| 3 | Newtek Bank, National Association | 7(a) | 105 | $33.7M | 10.0% | 71 | +34 |
| 4 | U.S. Bank, National Association | 7(a) | 95 | $20.8M | 9.1% | 124 | -29 |
| 5 | Readycap Lending, LLC | 7(a) | 53 | $10.6M | 5.1% | 62 | -9 |
| 6 | Live Oak Banking Company | 7(a) | 40 | $43.7M | 3.8% | 25 | +15 |
| 7 | BayFirst National Bank | 7(a) | 40 | $9.2M | 3.8% | 46 | -6 |
| 8 | Pinnacle Bank | 7(a) | 36 | $45.3M | 3.4% | 36 | 0 |
| 9 | United Midwest Savings Bank National Association | 7(a) | 33 | $15.1M | 3.2% | 29 | +4 |
| 10 | Regions Bank | 7(a) | 28 | $22.5M | 2.7% | 10 | +18 |
| 11 | Celtic Bank Corporation | 7(a) | 21 | $5.7M | 2.0% | 14 | +7 |
| 12 | Lendistry SBLC, LLC | 7(a) | 20 | $3.6M | 1.9% | 14 | +6 |
| 13 | Brightbridge, Inc. | 504 | 19 | $35.6M | 1.8% | 14 | +5 |
| 14 | First Bank of the Lake | 7(a) | 17 | $6.2M | 1.6% | 13 | +4 |
| 15 | Bank of America, National Association | 7(a) | 13 | $14.7M | 1.2% | 13 | 0 |
| 16 | Wells Fargo Bank National Association | 7(a) | 13 | $3.0M | 1.2% | 14 | -1 |
| 17 | Old National Bank | 7(a) | 12 | $10.5M | 1.1% | 6 | +6 |
| 18 | JPMorgan Chase Bank, National Association | 7(a) | 11 | $2.7M | 1.1% | 9 | +2 |
| 19 | Citizens Bank | 7(a) | 10 | $4.9M | 1.0% | 6 | +4 |
| 20 | First Farmers and Merchants Bank | 7(a) | 10 | $2.7M | 1.0% | 6 | +4 |
| 21 | United Community Bank | 7(a) | 7 | $9.9M | 0.7% | 4 | +3 |
| 22 | FWBank | 7(a) | 7 | $5.2M | 0.7% | 0 | new |
| 23 | Decatur County Bank | 7(a) | 7 | $4.1M | 0.7% | 4 | +3 |
| 24 | Grasshopper Bank National Association | 7(a) | 7 | $3.7M | 0.7% | 0 | new |
| 25 | The Citizens National Bank of Meridian | 7(a) | 7 | $2.1M | 0.7% | 0 | new |
| 26 | Republic Bank & Trust Company | 7(a) | 6 | $653K | 0.6% | 1 | +5 |
| 27 | First Financial Bank | 7(a) | 5 | $6.6M | 0.5% | 2 | +3 |
| 28 | South Central Tennessee Business Development Corporation | 504 | 5 | $5.9M | 0.5% | 6 | -1 |
| 29 | Paragon Bank | 7(a) | 5 | $5.9M | 0.5% | 2 | +3 |
| 30 | TowneBank | 7(a) | 5 | $4.9M | 0.5% | 1 | +4 |
| 31 | Wilson Bank & Trust | 7(a) | 5 | $4.8M | 0.5% | 7 | -2 |
| 32 | Apex Bank | 7(a) | 5 | $4.6M | 0.5% | 1 | +4 |
| 33 | Colony Bank | 7(a) | 5 | $2.0M | 0.5% | 3 | +2 |
| 34 | Fifth Third Bank | 7(a) | 5 | $1.3M | 0.5% | 3 | +2 |
| 35 | SouthState Bank, National Association | 7(a) | 5 | $960K | 0.5% | 13 | -8 |
| 36 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 4 | $8.9M | 0.4% | 0 | new |
| 37 | HomeTrust Bank | 7(a) | 4 | $4.9M | 0.4% | 0 | new |
| 38 | First-Citizens Bank & Trust Company | 7(a) | 4 | $4.7M | 0.4% | 4 | 0 |
| 39 | Bank Five Nine | 7(a) | 4 | $3.4M | 0.4% | 1 | +3 |
| 40 | Gulf Coast Bank and Trust Company | 7(a) | 4 | $2.2M | 0.4% | 4 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Davidson County | 201 | $121M | 19.2% | 176 | +25 |
| 2 | Knox County | 111 | $43.4M | 10.6% | 69 | +42 |
| 3 | Shelby County | 110 | $55.3M | 10.5% | 97 | +13 |
| 4 | Williamson County | 75 | $33.7M | 7.2% | 94 | -19 |
| 5 | Hamilton County | 61 | $54.6M | 5.8% | 59 | +2 |
| 6 | Rutherford County | 58 | $29.9M | 5.5% | 45 | +13 |
| 7 | Sumner County | 45 | $27.7M | 4.3% | 25 | +20 |
| 8 | Montgomery County | 44 | $21.2M | 4.2% | 31 | +13 |
| 9 | Wilson County | 31 | $24.3M | 3.0% | 25 | +6 |
| 10 | Maury County | 27 | $8.0M | 2.6% | 16 | +11 |
| 11 | Blount County | 21 | $10.6M | 2.0% | 9 | +12 |
| 12 | Sevier County | 20 | $14.4M | 1.9% | 15 | +5 |
| 13 | Sullivan County | 17 | $13.2M | 1.6% | 4 | +13 |
| 14 | Putnam County | 17 | $13.3M | 1.6% | 12 | +5 |
| 15 | Robertson County | 12 | $4.7M | 1.1% | 7 | +5 |
| 16 | Washington County | 12 | $14.3M | 1.1% | 6 | +6 |
| 17 | Loudon County | 12 | $9.2M | 1.1% | 5 | +7 |
| 18 | Madison County | 11 | $10.7M | 1.1% | 3 | +8 |
| 19 | Coffee County | 9 | $2.4M | 0.9% | 11 | -2 |
| 20 | Cumberland County | 9 | $2.9M | 0.9% | 11 | -2 |
| 21 | Dickson County | 8 | $4.9M | 0.8% | 9 | -1 |
| 22 | Anderson County | 7 | $5.4M | 0.7% | 6 | +1 |
| 23 | Jefferson County | 7 | $3.0M | 0.7% | 9 | -2 |
| 24 | Bradley County | 6 | $7.6M | 0.6% | 7 | -1 |
| 25 | Cheatham County | 6 | $1.0M | 0.6% | 4 | +2 |
| 26 | Hamblen County | 5 | $2.1M | 0.5% | 2 | +3 |
| 27 | Greene County | 5 | $3.3M | 0.5% | 3 | +2 |
| 28 | Bedford County | 5 | $2.8M | 0.5% | 5 | 0 |
| 29 | Lawrence County | 5 | $786K | 0.5% | 3 | +2 |
| 30 | Marion County | 5 | $1.1M | 0.5% | 1 | +4 |
| 31 | Humphreys County | 4 | $1.2M | 0.4% | 2 | +2 |
| 32 | Weakley County | 4 | $4.5M | 0.4% | 1 | +3 |
| 33 | Marshall County | 4 | $2.8M | 0.4% | 3 | +1 |
| 34 | Carroll County | 4 | $645K | 0.4% | 2 | +2 |
| 35 | Rhea County | 4 | $612K | 0.4% | 0 | new |
| 36 | Franklin County | 4 | $435K | 0.4% | 3 | +1 |
| 37 | Warren County | 3 | $1.7M | 0.3% | 0 | new |
| 38 | Henderson County | 3 | $750K | 0.3% | 0 | new |
| 39 | Gibson County | 3 | $1.7M | 0.3% | 3 | 0 |
| 40 | Roane County | 3 | $295K | 0.3% | 6 | -3 |
The 40 counties with the most approvals; every county is on the Tennessee page.
FY2025 against FY2024
| Tennessee | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 1,020 | 820 |
| 7(a) dollars | $547M | $421M |
| Median 7(a) approval | $206K | $157K |
| 504 approvals | 26 | 23 |
| 504 dollars | $46.6M | $41.8M |
| Jobs supported, as reported | 10,836 | 8,978 |
Questions and answers
Which lenders made the most SBA loans in Tennessee in FY2025?
Northeast Bank (124), The Huntington National Bank (107), Newtek Bank, National Association (105), U.S. Bank, National Association (95), Readycap Lending, LLC (53). 121 lenders had at least one approval.
How many SBA loans were approved in Tennessee in FY2025?
1,046: 1,020 under 7(a) worth $547M and 26 under 504 worth $46.6M.
Which Tennessee counties had the most SBA approvals in FY2025?
Davidson County (201), Knox County (111), Shelby County (110), Williamson County (75), Hamilton County (61).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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