Top SBA Acquisition Lenders in Tennessee
40 active SBA 7(a) lenders in Tennessee, ranked by loan volume.
Lenders
in Tennessee
Total Volume
Median Rate
Median Loan Size
Top Lenders in Tennessee
Top 25 Lenders in Tennessee
| # | Lender | Loans | Volume | 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 Fidelity Bank | 3 | $10.0M | P+2.25% | 1.3% |
| 9 | United Midwest Savings Bank, National Association | 3 | $5.7M | P+2.75% | 0.5% |
| 10 | Dogwood State Bank | 3 | $3.0M | P+2.75% | 1.3% |
| 11 | The Citizens National Bank of Meridian | 3 | $345K | P+2.75% | 0.0% |
| 12 | Pathward National Association | 2 | $9.5M | P+2.25% | 4.5% |
| 13 | GBank | 2 | $6.9M | P+1.00% | 0.6% |
| 14 | BayFirst National Bank | 2 | $3.6M | P+2.75% | 4.5% |
| 15 | Truliant FCU | 2 | $3.0M | P+2.75% | 0.0% |
| 16 | First Financial Bank | 2 | $2.6M | P+1.50% | 1.0% |
| 17 | Midwest BankCentre | 2 | $2.4M | P+2.50% | 0.0% |
| 18 | Seacoast National Bank | 2 | $2.3M | P+2.00% | 2.9% |
| 19 | TowneBank | 2 | $1.8M | P+2.25% | 0.7% |
| 20 | Wilson Bank & Trust | 2 | $1.8M | P+2.50% | 0.0% |
| 21 | Community Bank & Trust-West Georgia | 2 | $1.8M | P+2.75% | 2.7% |
| 22 | Old National Bank | 2 | $1.1M | P+0.30% | 1.9% |
| 23 | Citizens Bank | 2 | $916K | P+2.75% | 3.8% |
| 24 | Meridian Bank | 2 | $880K | P+2.25% | 1.8% |
| 25 | Regions Bank | 2 | $857K | P+1.25% | 1.7% |
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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.