BankTennessee
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BankTennessee · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 8 | $1.6M | $195K | 4.4% |
| 441120 | Used Car Dealers | 5 | $1.9M | $380K | 2.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 5 | $5.3M | $1.1M | 2.7% |
| 811111 | General Automotive Repair | 4 | $341K | $85K | 2.2% |
| 561730 | Landscaping Services | 3 | $554K | $185K | 1.6% |
| 713940 | Fitness and Recreational Sports Centers | 2 | $1.1M | $533K | 1.1% |
| 713110 | Amusement and Theme Parks | 2 | $790K | $395K | 1.1% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $2.3M | $1.1M | 1.1% |
| 313210 | Broadwoven Fabric Mills | 2 | $484K | $242K | 1.1% |
| 541511 | Custom Computer Programming Services | 2 | $800K | $400K | 1.1% |
Geographic Distribution
SBA lending activity for BankTennessee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 148 | $47.2M | 80.9% |
| Arkansas (AR) | 24 | $13.0M | 13.1% |
| Mississippi (MS) | 9 | $6.1M | 4.9% |
| Kentucky (KY) | 1 | $1.0M | 0.5% |
| Missouri (MO) | 1 | $200K | 0.5% |
Why Choose BankTennessee?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 183 SBA loans approved, totaling $67.5M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Used Car Dealers, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 6.87% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $13K to $2.1M, with an average of $369K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in TN, AR, MS
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 BankTennessee SBA lending
What types of businesses does BankTennessee typically finance?
BankTennessee specializes in SBA 7(a) lending to specific industries including child care services, used car dealers, hotels (except casino hotels) and motels, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BankTennessee's typical SBA loan terms?
BankTennessee's SBA 7(a) loans typically feature an average interest rate of 6.87% and average term length of 156 months (approximately 13 years). Loan sizes range from $13K to $2.1M, with an average loan size of $369K.
Do I need a business valuation for a BankTennessee SBA loan?
Yes, BankTennessee 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 BankTennessee compare to other SBA lenders?
BankTennessee has originated 183 SBA loans totaling $67.5M since 1992. 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 BankTennessee lend in?
BankTennessee provides SBA 7(a) financing with particularly strong presence in TN, AR, MS, KY, MO. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.