Top SBA Acquisition Lenders in Tennessee
40 active SBA 7(a) lenders in Tennessee, ranked by acquisition loan count.
Lenders
in Tennessee
Total Volume
Median Rate
Median Loan Size
Top Lenders in Tennessee
Lending by Industry in Tennessee
Covers the 20 of 102 Tennessee loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Tennessee
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | $21.8M | P+2.25% | 1.8% |
| 2 | Live Oak Bank | 9 | $6.7M | P+1.50% | 0.8% |
| 3 | Pinnacle Bank | 8 | $9.7M | P+2.25% | 1.9% |
| 4 | Cadence Bank | 5 | $14.8M | P+2.25% | 4.2% |
| 5 | Paragon Bank | 5 | $5.9M | P+1.25% | 15.0% |
| 6 | Renasant Bank | 5 | $5.8M | P+2.50% | 0.7% |
| 7 | Centerstone SBA Lending, Inc. | 4 | $7.2M | P+2.00% | 0.9% |
| 8 | The Citizens National Bank of Meridian | 3 | $345K | P+2.75% | 0.0% |
| 9 | Dogwood State Bank | 3 | $3.0M | P+2.75% | 1.3% |
| 10 | United Midwest Savings Bank, National Association | 3 | $5.7M | P+2.75% | 0.5% |
| 11 | The Fidelity Bank | 3 | $10.0M | P+2.25% | 1.3% |
| 12 | TowneBank | 2 | $1.8M | P+2.25% | 0.7% |
| 13 | Pathward National Association | 2 | $9.5M | P+2.25% | 4.5% |
| 14 | GBank | 2 | $6.9M | P+1.00% | 0.6% |
| 15 | Meridian Bank | 2 | $880K | P+2.25% | 1.8% |
| 16 | Citizens Bank | 2 | $916K | P+2.75% | 3.8% |
| 17 | Wilson Bank & Trust | 2 | $1.8M | P+2.50% | 0.0% |
| 18 | Midwest BankCentre | 2 | $2.4M | P+2.50% | 0.0% |
| 19 | Old National Bank | 2 | $1.1M | P+0.30% | 1.9% |
| 20 | Regions Bank | 2 | $857K | P+1.25% | 1.7% |
| 21 | Community Bank & Trust-West Georgia | 2 | $1.8M | P+2.75% | 2.7% |
| 22 | Truliant FCU | 2 | $3.0M | P+2.75% | 0.0% |
| 23 | Seacoast National Bank | 2 | $2.3M | P+2.00% | 2.9% |
| 24 | BayFirst National Bank | 2 | $3.6M | P+2.75% | 4.5% |
| 25 | First Financial Bank | 2 | $2.6M | P+1.50% | 1.0% |
Need more specific results?
Filter by industry and loan size, compare rates, and narrow the list to your deal.
Customize your search →SBA 7(a) Lending in Tennessee
Tennessee has 40 active SBA 7(a) acquisition lenders that have originated a combined 102 loans totaling $153.4M in volume. The median acquisition loan size in Tennessee is $1189K, with a median interest rate of Prime + 2.38% (Prime + spread).
When evaluating SBA lenders in Tennessee, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Tennessee?
There are currently 40 active SBA 7(a) lenders in Tennessee based on FOIA lending data. These lenders have originated 102 acquisition loans.
What is the typical SBA loan rate in Tennessee?
The median SBA 7(a) acquisition loan rate in Tennessee is Prime + 2.38% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.