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40 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 | The Huntington National Bank | 11 | $21.8M | P+2.25% | 1.6% |
| 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% | 6.7% |
| 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 | United Midwest Savings Bank, National Association | 3 | $5.7M | P+2.75% | 0.4% |
| 9 | The Fidelity Bank | 3 | $10.0M | P+2.25% | 1.3% |
| 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 | Old National Bank | 2 | $1.1M | P+0.30% | 1.9% |
| 13 | First Financial Bank | 2 | $2.6M | P+1.50% | 0.8% |
| 14 | Pathward National Association | 2 | $9.5M | P+2.25% | 4.5% |
| 15 | BayFirst National Bank | 2 | $3.6M | P+2.75% | 4.5% |
| 16 | Truliant FCU | 2 | $3.0M | P+2.75% | 0.0% |
| 17 | GBank | 2 | $6.9M | P+1.00% | 0.6% |
| 18 | Wilson Bank & Trust | 2 | $1.8M | P+2.50% | 0.0% |
| 19 | TowneBank | 2 | $1.8M | P+2.25% | 0.7% |
| 20 | Community Bank & Trust-West Georgia | 2 | $1.8M | P+2.75% | 2.7% |
| 21 | Meridian Bank | 2 | $880K | P+2.25% | 1.8% |
| 22 | Seacoast National Bank | 2 | $2.3M | P+2.00% | 2.9% |
| 23 | Midwest BankCentre | 2 | $2.4M | P+2.50% | 0.0% |
| 24 | Citizens Bank | 2 | $916K | P+2.75% | 3.8% |
| 25 | Regions Bank | 2 | $857K | P+1.25% | 1.7% |
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Customize your search →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 + 2.25% (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 40 active SBA 7(a) lenders in Tennessee based on FOIA lending data. These lenders have originated 102 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.