Access the Top SBA Lending for Tennessee Small Business
Tennessee State, known for its music scene and strong economy presents an environment for small business growth. Whether in the streets of Nashville or amidst the beauty of the Great Smoky Mountains entrepreneurs have various paths to explore for expansion and prosperity. Through access to leading SBA lending initiatives small businesses in Tennessee can access support to foster their innovation and growth.
Tennessee
The Volunteer State
6,64681 small businesses
1,200,000 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Tennessee
Between March 2021 and March 2022, 26,702 Tennessee establishments opened and 15,211 closed, for a net increase of 11,491. Employment expanded at 47,772 establishments and contracted at 35,954. Small businesses accounted for 25,753 openings and 14,543 closings.
Establishments in Tennessee
Employment in Tennessee
Between March 2021 and March 2022, 26,702 Tennessee establishments opened and 15,211 closed, for a net increase of 11,491. Employment expanded at 47,772 establishments and contracted at 35,954. Small businesses accounted for 25,753 openings and 14,543 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Tennessee
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $2.4 billion in loans to Tennessee businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $2.1 billion. Total reported new lending to businesses through loans of $1 million or less was $7.0 billion
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Tennessee's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Tennessee
Business Count by Demographic in Tennessee
Total Tennessee Employement by Business Size
Small Business Employment and Payroll by Industry in Tennessee
Source: Business Employment Dynamics (BLS)