SBA Lenders in Tennessee
Top lenders ranked by real SBA lending data. See who's most active in Tennessee across deal count, loan size, and pricing.
What Borrowers Should Know
Tennessee's median 7(a) spread of P+2.33% is 42 basis points below the national median of P+2.75%, meaning borrowers here pay less for SBA loans. With 118 active lenders competing for 2,818 deals, this competitive market is directly lowering your borrowing costs compared to most states.
U.S. Bank dominates Tennessee's SBA market with 1,226 deals—43% of all activity—while the next three lenders combined account for only 758 deals. This concentration means your loan approval, pricing, and service experience will likely hinge on U.S. Bank's appetite; consider also exploring BrightBridge Credit Union (374 deals) and Newtek Bank (217 deals) as alternatives with different underwriting.
Tennessee's average SBA deal size of $521,100 is relatively modest, suggesting the state's lender base is comfortable with smaller-to-mid-sized loans. If you're seeking a sub-$500K loan, you're in the mainstream; if you need significantly more, you may face tighter terms or need to shop beyond the state's top lenders.
Total SBA Loans
2,833
Active Lenders
114
Avg Deal Size
$519K
Total Volume
$1.5B
Top 10 Lenders in Tennessee
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | Bank | 485 | $112K | P + 2.31%AVERAGE | |
| 2 | VelocitySBA, LLC | Bank | 103 | $21K | P + 3.99%HIGH | |
| 3 | Pinnacle Bank | Bank | 84 | $910K | P + 2.25%GOOD | |
| 4 | Truist Bank | Bank | 69 | $519K | P + 2.50%AVERAGE | |
| 5 | United Midwest Savings Bank National Association | Bank | 67 | $245K | P + 2.75%AVERAGE | |
| 6 | Northeast Bank | Bank | 66 | $154K | P + 2.75%AVERAGE | |
| 7 | Celtic Bank Corporation | Bank | 62 | $273K | P + 2.75%AVERAGE | |
| 8 | The Huntington National Bank | Bank | 59 | $278K | P + 2.50%AVERAGE | |
| 9 | BayFirst National Bank | Bank | 58 | $176K | P + 3.00%ABOVE AVG | |
| 10 | BrightBridge Credit Union | Bank | 55 | $830K | P + 3.19%ABOVE AVG |
Top Industries in Tennessee
SBA lending activity by industry segment.