Bank of Tennessee
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Bank of Tennessee
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 8 | $2.4M | $304K | 33.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $799K | $100K | 33.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $1.1M | $133K | 33.3% |
Geographic Distribution
SBA lending activity for Bank of Tennessee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 24 | $4.3M | 100.0% |
Why Choose Bank of Tennessee?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $4.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Insurance Agencies and Brokerages, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 7.75% with flexible term lengths averaging 109 months
- ✓Loan Range: Loan sizes from $100K to $304K, with an average of $179K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in TN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of Tennessee SBA lending
What types of businesses does Bank of Tennessee typically finance?
Bank of Tennessee specializes in SBA 7(a) lending to specific industries including limited-service restaurants, insurance agencies and brokerages, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Tennessee's typical SBA loan terms?
Bank of Tennessee's SBA 7(a) loans typically feature an average interest rate of 7.75% and average term length of 109 months (approximately 9 years). Loan sizes range from $100K to $304K, with an average loan size of $179K.
Do I need a business valuation for a Bank of Tennessee SBA loan?
Yes, Bank of Tennessee typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of Tennessee compare to other SBA lenders?
Bank of Tennessee has originated 24 SBA loans totaling $4.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of Tennessee lend in?
Bank of Tennessee provides SBA 7(a) financing with particularly strong presence in TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.