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38 active SBA 7(a) lenders in Tennessee, ranked by loan volume.
Lenders
in Tennessee
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 9 | $6.7M | P+1.50% | 0.8% |
| 2 | Pinnacle Bank | 8 | $9.7M | P+2.25% | 1.9% |
| 3 | The Huntington National Bank | 8 | $13.5M | P+2.25% | 1.5% |
| 4 | Paragon Bank | 5 | $5.9M | P+1.25% | 6.7% |
| 5 | Cadence Bank | 5 | $14.8M | P+2.25% | 4.2% |
| 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 Fidelity Bank | 3 | $10.0M | P+2.25% | 1.3% |
| 9 | United Midwest Savings Bank, National Association | 3 | $5.7M | P+2.75% | 0.4% |
| 10 | The Citizens National Bank of Meridian | 3 | $345K | P+2.75% | 0.0% |
| 11 | Dogwood State Bank | 3 | $3.0M | P+2.75% | 1.3% |
| 12 | TowneBank | 2 | $1.8M | P+2.25% | 0.7% |
| 13 | BayFirst National Bank | 2 | $3.6M | P+2.75% | 3.8% |
| 14 | Old National Bank | 2 | $1.1M | P+0.30% | 1.9% |
| 15 | Truliant FCU | 2 | $3.0M | P+2.75% | 0.0% |
| 16 | Pathward National Association | 2 | $9.5M | P+2.25% | 4.5% |
| 17 | Wilson Bank & Trust | 2 | $1.8M | P+2.50% | 0.0% |
| 18 | First Financial Bank | 2 | $2.6M | P+1.50% | 0.8% |
| 19 | Regions Bank | 2 | $857K | P+1.25% | 1.7% |
| 20 | Midwest BankCentre | 2 | $2.4M | P+2.50% | 0.0% |
| 21 | Seacoast National Bank | 2 | $2.3M | P+2.00% | 2.9% |
| 22 | Meridian Bank | 2 | $880K | P+2.25% | 1.8% |
| 23 | Citizens Bank | 2 | $916K | P+2.75% | 3.8% |
| 24 | GBank | 2 | $6.9M | P+1.00% | 0.6% |
| 25 | Community Bank & Trust-West Georgia | 2 | $1.8M | P+2.75% | 2.7% |
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Customize your search →Tennessee has 38 active SBA 7(a) acquisition lenders that have originated a combined 97 loans totaling $142.9M in volume. The median acquisition loan size in Tennessee is $1189K, with a median interest rate of Prime + 2.25% (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.
There are currently 38 active SBA 7(a) lenders in Tennessee based on FOIA lending data. These lenders have originated 97 acquisition loans.
The median SBA 7(a) acquisition loan rate in Tennessee is Prime + 2.25% (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.
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.