Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Tennessee.
In 2022 there were 107 SBA lenders that approved 574 SBA 7(a) loans for projects in Tennessee totaling $368,888,200. The average loan amount was $642,662. Borrowers from 124 cities were approved for projects in Tennessee for 204 industries. The SBA loan approvals in 2022 represent 6,873 jobs supported or saved in Tennessee.
There were 110 franchise branded businesses receiving 155 loan approvals for $117,501,600 with an average loan amount of $758,075.
Our forecast model projects $421 million in total Tennessee SBA 7(a) loan approval amounts in 2023 with $137 million to franchise businesses.
Tennessee Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Tennessee Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
