Best SBA Lenders in Franklin, TN (2026)
2025 FOIA data: top lenders, rates & industries for Franklin SBA loans
SBA Loans in Franklin, Tennessee
Looking for an SBA loan in Franklin, Tennessee? Based on 2025 FOIA data, 43 SBA 7(a) loans were funded in Franklin totaling $13.5M, supporting an estimated 362 jobs. With 19 active lenders competing for business in the Franklin market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Franklin is $313K at an average rate of 10.66%. The top lender in Franklin is Old National Bank, with the most-funded industry being All Other Outpatient Care Centers. See all Tennessee SBA lenders for statewide rankings.
SBA Loans in Franklin by Business Type
Whether you’re starting a new business in Franklin, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 57% of SBA loans in Franklin (12 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 7% (3 loans) — if you’re looking to buy a business in Franklin, this is a proven use case for SBA financing. Existing businesses make up 26% and typically receive the most favorable terms.
Top SBA Lenders in Franklin, TN (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Franklin businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Old National Bank | $4.1M | 4 | 8.48% |
| 2 | The Huntington National Bank | $1.9M | 4 | 9.75% |
| 3 | JPMorgan Chase Bank, National Association | $1.5M | 4 | 9.66% |
| 4 | First Bank of the Lake | $1.1M | 3 | 12.25% |
| 5 | Pinnacle Bank | $896K | 1 | 9.75% |
| 6 | Live Oak Banking Company | $630K | 3 | 10.24% |
| 7 | Community Bank of Pickens County | $580K | 1 | 9.25% |
| 8 | First Farmers and Merchants Bank | $500K | 2 | 9.75% |
| 9 | Celtic Bank Corporation | $485K | 4 | 10.81% |
| 10 | Newtek Bank, National Association | $458K | 4 | 10.56% |
The top lenders in Franklin have direct experience with local businesses and understand the Franklin market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Franklin and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Franklin
One 5-minute application. 19+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Franklin
These are the industries that received the most SBA 7(a) funding in Franklin in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| All Other Outpatient Care Centers | 2 | $3.5M |
| All Other Amusement and Recreation Industries | 3 | $2.1M |
| Fitness and Recreational Sports Centers | 1 | $896K |
| All Other Miscellaneous Schools and Instruction | 2 | $658K |
| Snack and Nonalcoholic Beverage Bars | 3 | $605K |
| Remediation Services | 1 | $580K |
| Landscaping Services | 2 | $550K |
| Exam Preparation and Tutoring | 2 | $531K |
| Offices of Lawyers | 1 | $509K |
| Educational Support Services | 3 | $500K |
Lenders with experience funding your specific industry in Franklin understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Franklin
Option 1: Apply directly to one of the top Franklin lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Franklin-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
