BlogRankingStateBest Tennessee SBA Lenders & Rates of 2026

Best Tennessee SBA Lenders & Rates of 2026

$510.9M
Total Funded

929
Loans Approved

$550K
Avg Loan Size

10.20%
Avg Interest Rate

119
Active Lenders

SBA Loans in Tennessee

Tennessee businesses received $510.9M in SBA 7(a) loan approvals across 929 businesses in 2025. With 119 active SBA lenders competing for business in Tennessee, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Tennessee is $550K, with rates averaging 10.20%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Tennessee (2025)

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

Rank Lender Volume Loans Avg Rate
1 Pinnacle Bank $44.8M 35 9.41%
2 Live Oak Banking Company $40.4M 40 9.36%
3 The Huntington National Bank $26.2M 68 9.88%
4 Newtek Bank, National Association $26.2M 97 10.82%
5 Cadence Bank $22.0M 23 10.00%
6 Regions Bank $21.8M 25 8.72%
7 U.S. Bank, National Association $19.7M 87 10.15%
8 Northeast Bank $15.0M 96 10.84%
9 United Midwest Savings Bank National Association $13.1M 31 10.10%
10 GBank $11.9M 3 8.42%
11 Old National Bank $11.5M 15 8.33%
12 First Bank of the Lake $10.3M 19 11.45%
13 Bank of America, National Association $10.0M 9 6.66%
14 Peoples Bank $9.2M 3 9.17%
15 Readycap Lending, LLC $9.1M 42 12.33%
16 Community Bank & Trust-West Georgia $8.9M 4 9.94%
17 Pathward National Association $7.6M 3 9.58%
18 BayFirst National Bank $7.5M 30 12.05%
19 United Community Bank $7.3M 7 9.36%
20 Wilson Bank & Trust $7.0M 5 9.80%

🤝 How to Get an SBA Loan in Tennessee

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Tennessee and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Tennessee SBA Lenders

Ready to apply for an SBA loan in Tennessee? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

http://gosbaloans.com

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.