Best Knoxville, TN SBA Lenders & Rates of 2026

Compare 32 SBA lenders in Knoxville, TN. $34.2M funded across 96 businesses. Average rate 10.37%. Get matched free.

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Best Knoxville, TN SBA Lenders & Rates of 2026

$34.2M
Total Funded

96
Loans Approved

$356K
Avg Loan Size

10.37%
Avg Interest Rate

32
Active Lenders

SBA Loans in Knoxville, TN

Knoxville, TN businesses received $34.2M in SBA 7(a) loan approvals across 96 businesses in 2025. With 32 active SBA lenders competing for business in Knoxville, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Knoxville is $356K, with rates averaging 10.37%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Knoxville SBA Loans by Business Type

🚀 Startups
34%
$10.4M • 33 loans

🏢 Existing Businesses
56%
$17.5M • 54 loans

🔄 Acquisitions
9%
$6.2M • 9 loans

Top SBA Lenders in Knoxville, TN (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Knoxville businesses:

RankLenderVolumeLoansAvg Rate
1 The Huntington National Bank$3.4M109.95%
2 Pinnacle Bank$3.4M49.31%
3 Newtek Bank, National Association$3.1M1410.96%
4 Northeast Bank$2.0M910.81%
5 First-Citizens Bank & Trust Company$2.0M19.75%
6 Live Oak Banking Company$1.9M410.37%
7 Colony Bank$1.7M210.63%
8 U.S. Bank, National Association$1.6M1010.27%
9 Old National Bank$1.6M68.17%
10 Byline Bank$1.2M19.75%
11 Dogwood State Bank$1.2M110.25%
12 City National Bank$1.1M17.39%
13 First Internet Bank of Indiana$1.1M19.75%
14 Cadence Bank$810K210.25%
15 Grasshopper Bank National Association$800K211.25%
16 HomeTrust Bank$800K19.00%
17 Centerstone SBA Lending, Inc.$763K19.50%
18 Citizens Bank$738K110.25%
19 United Midwest Savings Bank National Association$633K410.13%
20 Regions Bank$576K28.15%
21 Gulf Coast Bank and Trust Company$563K211.13%
22 Apex Bank$550K19.00%
23 First Bank of the Lake$537K211.63%
24 Readycap Lending, LLC$495K311.50%
25 CenTrust Bank, A Division of SmartBiz Bank National Associat$475K211.88%
26 Lendistry SBLC, LLC$295K312.83%
27 Brightbridge, Inc.$242K111.00%
28 Celtic Bank Corporation$150K110.25%
29 Heritage Bank Inc$150K110.75%
30 BayFirst National Bank$150K112.25%
31 Magnifi Financial CU$142K110.25%
32 Fifth Third Bank$100K112.00%

Top Industries in Knoxville

Here are the industries that received the most SBA funding in Knoxville:

SBA Loans in Tennessee

Knoxville is part of Tennessee‘s SBA lending market. For statewide data and more lender options, see our full Tennessee SBA Lenders guide.

🤝 Why Use an SBA Broker in Knoxville?

GoSBA Loans helps Knoxville businesses access the best SBA lenders:

  • Access 32+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Knoxville
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Knoxville SBA Loan

Our team has helped hundreds of Knoxville businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Knoxville? GoSBA Loans is a trusted SBA loan broker serving businesses in Knoxville and across Tennessee. Contact our Knoxville SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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