Best SBA Lenders in Murfreesboro, TN (2026)
2025 FOIA data: top lenders, rates & industries for Murfreesboro SBA loans
SBA Loans in Murfreesboro, Tennessee
Looking for an SBA loan in Murfreesboro, Tennessee? Based on 2025 FOIA data, 39 SBA 7(a) loans were funded in Murfreesboro totaling $18.8M, supporting an estimated 303 jobs. With 22 active lenders competing for business in the Murfreesboro market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Murfreesboro is $481K at an average rate of 9.6%. The top lender in Murfreesboro is U.S. Bank, National Association, with the most-funded industry being Industrial Machinery and Equipment Merchant Wholesalers. See all Tennessee SBA lenders for statewide rankings.
SBA Loans in Murfreesboro by Business Type
Whether you’re starting a new business in Murfreesboro, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 19% of SBA loans in Murfreesboro (11 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 21% (5 loans) — if you’re looking to buy a business in Murfreesboro, this is a proven use case for SBA financing. Existing businesses make up 48% and typically receive the most favorable terms.
Top SBA Lenders in Murfreesboro, TN (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Murfreesboro businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | U.S. Bank, National Association | $5.2M | 4 | 8.59% |
| 2 | Bank of America, National Association | $2.2M | 4 | 6.96% |
| 3 | Pinnacle Bank | $1.8M | 1 | 9.75% |
| 4 | Merchants & Marine Bank | $1.5M | 2 | 10% |
| 5 | Regions Bank | $1.5M | 3 | 8.25% |
| 6 | TD Bank, National Association | $994K | 2 | 7.8% |
| 7 | Live Oak Banking Company | $895K | 1 | 8.15% |
| 8 | FWBank | $839K | 1 | 9.75% |
| 9 | Wells Fargo Bank National Association | $586K | 1 | 8.05% |
| 10 | Republic Bank & Trust Company | $543K | 3 | 8.75% |
The top lenders in Murfreesboro have direct experience with local businesses and understand the Murfreesboro 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 Murfreesboro 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 Murfreesboro
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Murfreesboro
These are the industries that received the most SBA 7(a) funding in Murfreesboro 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 |
|---|---|---|
| Industrial Machinery and Equipment Merchant Wholesalers | 1 | $5.0M |
| Computer Systems Design Services | 1 | $1.8M |
| Electrical Contractors | 2 | $1.5M |
| Landscaping Services | 2 | $1.1M |
| Private Mail Centers | 2 | $1.1M |
| Limited-Service Restaurants | 2 | $994K |
| Child Day Care Services | 1 | $895K |
| Sign Manufacturing | 1 | $841K |
| Fitness and Recreational Sports Centers | 1 | $839K |
| Insurance Agencies and Brokerages | 2 | $695K |
Lenders with experience funding your specific industry in Murfreesboro 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 Murfreesboro
Option 1: Apply directly to one of the top Murfreesboro 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 Murfreesboro-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.
